The Liberty SiriusXM Group (NASDAQ:LSXMK) Shares Sold by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. cut its holdings in The Liberty SiriusXM Group (NASDAQ:LSXMK) by 6.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 5,490,110 shares of the technology company’s stock after selling 392,718 shares during the quarter. The Liberty SiriusXM Group accounts for approximately 2.7% of Aristeia Capital L.L.C.’s holdings, making the stock its 7th largest position. Aristeia Capital L.L.C.’s holdings in The Liberty SiriusXM Group were worth $121,661,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of The Liberty SiriusXM Group during the 4th quarter valued at $60,012,000. Intech Investment Management LLC bought a new stake in The Liberty SiriusXM Group during the fourth quarter worth about $537,000. Hsbc Holdings PLC grew its stake in The Liberty SiriusXM Group by 1.9% during the fourth quarter. Hsbc Holdings PLC now owns 182,832 shares of the technology company’s stock worth $5,270,000 after buying an additional 3,383 shares in the last quarter. Crystalline Management Inc. bought a new position in The Liberty SiriusXM Group in the 4th quarter valued at about $288,000. Finally, Treasurer of the State of North Carolina raised its position in shares of The Liberty SiriusXM Group by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 68,104 shares of the technology company’s stock valued at $1,960,000 after buying an additional 660 shares in the last quarter. 56.58% of the stock is owned by institutional investors.

The Liberty SiriusXM Group Trading Down 1.2 %

Shares of NASDAQ LSXMK opened at $22.29 on Tuesday. The company has a market cap of $7.28 billion and a price-to-earnings ratio of 9.17. The Liberty SiriusXM Group has a 12 month low of $20.05 and a 12 month high of $31.67. The stock has a 50-day moving average price of $22.47 and a two-hundred day moving average price of $23.86.

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 (EPS) for the quarter. The company had revenue of $2.18 billion for the quarter.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on LSXMK shares. Rosenblatt Securities reduced their price target on shares of 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. StockNews.com initiated coverage on The Liberty SiriusXM Group in a report on Thursday, September 19th. They issued a “sell” rating on the stock.

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.