The Liberty SiriusXM Group (NASDAQ:LSXMA) Holdings Boosted by Squarepoint Ops LLC

Squarepoint Ops LLC grew its stake in shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) by 51.3% in the 2nd quarter, Holdings Channel reports. The firm owned 233,395 shares of the technology company’s stock after acquiring an additional 79,088 shares during the quarter. Squarepoint Ops LLC’s holdings in The Liberty SiriusXM Group were worth $5,170,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Central Pacific Bank Trust Division bought a new stake in The Liberty SiriusXM Group in the 1st quarter valued at about $29,000. Beach Investment Counsel Inc. PA bought a new stake in shares of The Liberty SiriusXM Group during the second quarter valued at approximately $30,000. TFO Wealth Partners LLC boosted its position in shares of The Liberty SiriusXM Group by 70,150.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,405 shares of the technology company’s stock worth $40,000 after buying an additional 1,403 shares during the period. Daiwa Securities Group Inc. bought a new position in The Liberty SiriusXM Group in the 2nd quarter worth approximately $35,000. Finally, Fidelis Capital Partners LLC acquired a new stake in The Liberty SiriusXM Group in the 1st quarter valued at approximately $94,000. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

The Liberty SiriusXM Group Stock Performance

LSXMA opened at $22.29 on Tuesday. The stock’s fifty day moving average is $22.44 and its 200-day moving average is $23.67. The Liberty SiriusXM Group has a one year low of $20.13 and a one year high of $31.69. The company has a market capitalization of $7.28 billion and a PE ratio of 9.17.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last issued its quarterly 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 business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.21 billion. On average, equities research analysts forecast that The Liberty SiriusXM Group will post 2.49 EPS for the current fiscal year.

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.