Squarepoint Ops LLC Sells 42,008 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMK)

Squarepoint Ops LLC lessened its holdings in shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) by 17.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 195,128 shares of the technology company’s stock after selling 42,008 shares during the quarter. Squarepoint Ops LLC owned approximately 0.06% of The Liberty SiriusXM Group worth $4,324,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Point72 DIFC Ltd bought a new stake in shares of The Liberty SiriusXM Group during the second quarter valued at approximately $1,261,000. Bank of Montreal Can lifted its position in The Liberty SiriusXM Group by 4,760.2% during the second quarter. Bank of Montreal Can now owns 246,654 shares of the technology company’s stock valued at $5,476,000 after buying an additional 241,579 shares during the period. Magnetar Financial LLC bought a new stake in shares of The Liberty SiriusXM Group during the 2nd quarter valued at $255,000. Gabelli Funds LLC grew its position in shares of The Liberty SiriusXM Group by 3.0% in the 2nd quarter. Gabelli Funds LLC now owns 774,052 shares of the technology company’s stock worth $17,153,000 after buying an additional 22,700 shares during the period. Finally, Sei Investments Co. increased its stake in shares of The Liberty SiriusXM Group by 376.8% in the 2nd quarter. Sei Investments Co. now owns 32,447 shares of the technology company’s stock worth $719,000 after acquiring an additional 25,642 shares in the last quarter. 56.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LSXMK. Rosenblatt Securities cut their price objective on shares of The Liberty SiriusXM Group from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. StockNews.com started coverage on The Liberty SiriusXM Group in a research note on Friday. They set a “sell” rating for the company.

The Liberty SiriusXM Group Stock Down 1.2 %

LSXMK opened at $22.29 on Tuesday. The stock has a market capitalization of $7.28 billion and a price-to-earnings ratio of 9.17. The firm has a 50 day moving average price of $22.42 and a 200-day moving average price of $23.64. The Liberty SiriusXM Group has a twelve month low of $20.05 and a twelve month high of $31.67.

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

About The Liberty SiriusXM Group

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.