Baupost Group LLC MA Has $13.29 Million Position in The Liberty SiriusXM Group (NASDAQ:LSXMA)

Baupost Group LLC MA lessened its position in The Liberty SiriusXM Group (NASDAQ:LSXMA) by 77.6% during the second quarter, Holdings Channel reports. The institutional investor owned 600,194 shares of the technology company’s stock after selling 2,077,462 shares during the quarter. The Liberty SiriusXM Group comprises approximately 0.4% of Baupost Group LLC MA’s portfolio, making the stock its 24th largest holding. Baupost Group LLC MA’s holdings in The Liberty SiriusXM Group were worth $13,294,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of LSXMA. Central Pacific Bank Trust Division acquired a new position in shares of The Liberty SiriusXM Group during the 1st quarter worth about $29,000. Beach Investment Counsel Inc. PA acquired a new position in The Liberty SiriusXM Group during the second quarter valued at approximately $30,000. Daiwa Securities Group Inc. bought a new position in The Liberty SiriusXM Group in the second quarter valued at approximately $35,000. TFO Wealth Partners LLC increased its position in shares of The Liberty SiriusXM Group by 70,150.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,405 shares of the technology company’s stock worth $40,000 after purchasing an additional 1,403 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of The Liberty SiriusXM Group in the 1st quarter valued at approximately $94,000. Institutional investors own 28.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Benchmark reaffirmed a “buy” rating and set a $54.00 price target on shares of The Liberty SiriusXM Group in a research report on Monday, August 12th. Evercore ISI reaffirmed an “in-line” rating and issued a $27.00 target price (down from $36.00) on shares of The Liberty SiriusXM Group in a report on Monday, June 24th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of The Liberty SiriusXM Group from $34.00 to $31.50 and set a “buy” rating for the company in a research note on Monday, June 17th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.13.

The Liberty SiriusXM Group Price Performance

LSXMA stock opened at $22.29 on Friday. The Liberty SiriusXM Group has a one year low of $20.13 and a one year high of $31.69. The stock has a market cap of $7.28 billion and a price-to-earnings ratio of 9.17. The company has a fifty day moving average price of $22.50 and a two-hundred day moving average price of $24.02.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last announced its earnings results on Thursday, August 8th. The technology company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.02). The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.21 billion. Research analysts anticipate that The Liberty SiriusXM Group will post 2.49 EPS for the current fiscal year.

The Liberty SiriusXM Group Company 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.