United Services Automobile Association Increases Holdings in Liberty Sirius XM Group Series A (LSXMA)

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United Services Automobile Association grew its stake in Liberty Sirius XM Group Series A (NASDAQ:LSXMA) by 34.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,460 shares of the technology company’s stock after purchasing an additional 11,903 shares during the period. United Services Automobile Association’s holdings in Liberty Sirius XM Group Series A were worth $2,093,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Personal Financial Services boosted its holdings in shares of Liberty Sirius XM Group Series A by 3,414.9% in the 1st quarter. First Personal Financial Services now owns 3,058 shares of the technology company’s stock worth $126,000 after buying an additional 2,971 shares during the last quarter. Blair William & Co. IL purchased a new position in shares of Liberty Sirius XM Group Series A in the 1st quarter worth about $136,000. Bank of Montreal Can purchased a new position in shares of Liberty Sirius XM Group Series A in the 2nd quarter worth about $161,000. Summit Trail Advisors LLC boosted its holdings in shares of Liberty Sirius XM Group Series A by 3,468.1% in the 1st quarter. Summit Trail Advisors LLC now owns 176,658 shares of the technology company’s stock worth $177,000 after buying an additional 171,707 shares during the last quarter. Finally, People s United Financial Inc. purchased a new position in shares of Liberty Sirius XM Group Series A in the 2nd quarter worth about $208,000. Institutional investors own 26.93% of the company’s stock.

In related news, insider Albert E. Rosenthaler sold 54,781 shares of the company’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $36.71, for a total transaction of $2,011,010.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

LSXMA traded down $0.18 during midday trading on Friday, hitting $46.85. The stock had a trading volume of 15,828 shares, compared to its average volume of 420,426. The firm has a market cap of $15.43 billion, a P/E ratio of 14.26 and a beta of 1.89. Liberty Sirius XM Group Series A has a 1 year low of $38.61 and a 1 year high of $48.57.

Liberty Sirius XM Group Series A (NASDAQ:LSXMA) last released its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.42 billion. equities research analysts anticipate that Liberty Sirius XM Group Series A will post 2.19 EPS for the current year.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research cut Liberty Sirius XM Group Series A from a “buy” rating to a “hold” rating in a research note on Tuesday, June 19th. B. Riley boosted their price objective on Liberty Sirius XM Group Series A to $75.00 and gave the company a “buy” rating in a research note on Tuesday, September 4th. Barclays cut Liberty Sirius XM Group Series A from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $50.00 to $43.00 in a research note on Tuesday, June 26th. Deutsche Bank boosted their price objective on Liberty Sirius XM Group Series A from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, August 14th. Finally, Macquarie decreased their price target on Liberty Sirius XM Group Series A from $61.00 to $58.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 28th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $57.78.

Liberty Sirius XM Group Series A Profile

The Liberty SiriusXM Group, through its subsidiary Sirius XM Holdings Inc, transmits music, sports, entertainment, comedy, talk, news, traffic, and weather channels in the United States and Canada. The company also provides infotainment services; and Sirius XM on Demand over its Internet radio service through applications for mobile and home devices, and other consumer electronic equipment.

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Institutional Ownership by Quarter for Liberty Sirius XM Group Series A (NASDAQ:LSXMA)

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