Brown Brothers Harriman & Co. Reduces Holdings in The Liberty SiriusXM Group (NASDAQ:LSXMK)

Brown Brothers Harriman & Co. lowered its position in shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) by 8.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,116 shares of the technology company’s stock after selling 1,308 shares during the period. Brown Brothers Harriman & Co.’s holdings in The Liberty SiriusXM Group were worth $313,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Doma Perpetual Capital Management LLC bought a new stake in shares of The Liberty SiriusXM Group in the fourth quarter worth $12,701,000. Capstone Investment Advisors LLC acquired a new position in The Liberty SiriusXM Group in the fourth quarter worth $207,000. Hi Line Capital Management LLC boosted its holdings in The Liberty SiriusXM Group by 61.0% in the first quarter. Hi Line Capital Management LLC now owns 662,276 shares of the technology company’s stock worth $19,676,000 after purchasing an additional 250,949 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of The Liberty SiriusXM Group by 37.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 95,616 shares of the technology company’s stock valued at $2,841,000 after acquiring an additional 25,958 shares during the period. Finally, Swedbank AB acquired a new position in shares of The Liberty SiriusXM Group during the first quarter valued at $1,523,000. Hedge funds and other institutional investors own 56.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LSXMK shares. Rosenblatt Securities cut their price objective on shares of The Liberty SiriusXM Group from $29.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. StockNews.com began coverage on The Liberty SiriusXM Group in a research note on Thursday. They set a “sell” rating on the stock.

The Liberty SiriusXM Group Stock Performance

Shares of NASDAQ LSXMK opened at $22.29 on Thursday. The Liberty SiriusXM Group has a 52-week low of $20.05 and a 52-week high of $31.67. The stock has a market cap of $7.28 billion and a PE ratio of 9.17. The business has a fifty day moving average of $22.51 and a two-hundred day moving average of $24.04.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.60 EPS for the quarter. The firm had revenue of $2.18 billion during the quarter.

About The Liberty SiriusXM Group

The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States, the United Kingdom, and internationally. It features music, sports, entertainment, comedy, talk, news, traffic, weather channels, podcast, and infotainment services through proprietary satellite radio systems, as well as streamed through SXM App for mobile and home devices, and other consumer electronic equipment.