Banyan Capital Management Inc. Acquires 2,603 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMK)

Banyan Capital Management Inc. boosted its holdings in The Liberty SiriusXM Group (NASDAQ:LSXMK) by 0.8% during the second quarter, Holdings Channel.com reports. The fund owned 344,124 shares of the technology company’s stock after buying an additional 2,603 shares during the quarter. The Liberty SiriusXM Group accounts for 4.6% of Banyan Capital Management Inc.’s investment portfolio, making the stock its 13th largest holding. Banyan Capital Management Inc.’s holdings in The Liberty SiriusXM Group were worth $7,626,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of LSXMK. Principal Securities Inc. purchased a new position in The Liberty SiriusXM Group in the fourth quarter worth $66,000. Vanguard Personalized Indexing Management LLC raised its stake in shares of The Liberty SiriusXM Group by 6.9% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 18,180 shares of the technology company’s stock worth $523,000 after acquiring an additional 1,181 shares in the last quarter. Norges Bank bought a new stake in shares of The Liberty SiriusXM Group in the 4th quarter worth approximately $60,012,000. Quest Partners LLC purchased a new stake in shares of The Liberty SiriusXM Group in the 4th quarter valued at $402,000. Finally, King Luther Capital Management Corp bought a new position in shares of The Liberty SiriusXM Group during the 4th quarter valued at $629,000. Hedge funds and other institutional investors own 56.58% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on LSXMK. StockNews.com started coverage on shares of The Liberty SiriusXM Group in a research report on Thursday. They set a “sell” rating for the company. Rosenblatt Securities reduced their price target on The Liberty SiriusXM Group from $29.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th.

The Liberty SiriusXM Group Stock Down 1.2 %

Shares of The Liberty SiriusXM Group stock opened at $22.29 on Friday. The firm has a market cap of $7.28 billion and a PE ratio of 9.17. The company’s fifty day simple moving average is $22.50 and its two-hundred day simple moving average is $24.03. The Liberty SiriusXM Group has a 12-month low of $20.05 and a 12-month high of $31.67.

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

The Liberty SiriusXM Group Profile

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.