39,719 Shares in The Liberty SiriusXM Group (NASDAQ:LSXMA) Bought by Victory Capital Management Inc.

Victory Capital Management Inc. acquired a new position in shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 39,719 shares of the technology company’s stock, valued at approximately $880,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division bought a new position in The Liberty SiriusXM Group during the 1st quarter worth $29,000. Beach Investment Counsel Inc. PA bought a new position in The Liberty SiriusXM Group during the 2nd quarter worth $30,000. TFO Wealth Partners LLC grew its stake in 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 buying an additional 1,403 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in shares of The Liberty SiriusXM Group in the first quarter worth $94,000. Finally, Headlands Technologies LLC grew its stake in shares of The Liberty SiriusXM Group by 548.7% in the first quarter. Headlands Technologies LLC now owns 5,138 shares of the technology company’s stock worth $153,000 after purchasing an additional 4,346 shares in the last quarter. 28.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LSXMA. Evercore ISI reissued an “in-line” rating and issued a $27.00 price target (down previously from $36.00) on shares of The Liberty SiriusXM Group in a research note on Monday, June 24th. Deutsche Bank Aktiengesellschaft decreased 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 note on Monday, June 17th. Finally, Benchmark reissued a “buy” rating and issued a $54.00 price target on shares of The Liberty SiriusXM Group in a research note on Monday, August 12th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.13.

The Liberty SiriusXM Group Stock Down 1.2 %

Shares of LSXMA stock opened at $22.29 on Friday. The stock has a 50-day simple moving average of $22.50 and a 200 day simple moving average of $24.02. The Liberty SiriusXM Group has a fifty-two week low of $20.13 and a fifty-two week high of $31.69. The stock has a market capitalization of $7.28 billion and a P/E ratio of 9.17.

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