Voya Investment Management LLC Cuts Holdings in Liberty Sirius XM Group Series A (LSXMA)

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Voya Investment Management LLC cut its stake in Liberty Sirius XM Group Series A (NASDAQ:LSXMA) by 24.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,747 shares of the technology company’s stock after selling 5,763 shares during the quarter. Voya Investment Management LLC’s holdings in Liberty Sirius XM Group Series A were worth $800,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Blair William & Co. IL purchased a new stake in shares of Liberty Sirius XM Group Series A during the first quarter worth about $136,000. Bank of Montreal Can purchased a new stake in shares of Liberty Sirius XM Group Series A during the second quarter worth about $161,000. Summit Trail Advisors LLC increased its position in shares of Liberty Sirius XM Group Series A by 3,468.1% during the first quarter. Summit Trail Advisors LLC now owns 176,658 shares of the technology company’s stock worth $177,000 after acquiring an additional 171,707 shares during the last quarter. People s United Financial Inc. purchased a new stake in shares of Liberty Sirius XM Group Series A during the second quarter worth about $208,000. Finally, Cohen Klingenstein LLC purchased a new stake in shares of Liberty Sirius XM Group Series A during the second quarter worth about $232,000. 26.50% of the stock is currently owned by institutional investors.

LSXMA has been the topic of a number of analyst reports. Citigroup dropped their target price on Liberty Sirius XM Group Series A from $65.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday. Pivotal Research dropped their target price on Liberty Sirius XM Group Series A from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, September 27th. B. Riley lifted their target price on Liberty Sirius XM Group Series A to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, September 4th. Zacks Investment Research raised Liberty Sirius XM Group Series A from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Friday, August 24th. Finally, Deutsche Bank lifted their target price on Liberty Sirius XM Group Series A from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, August 14th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Liberty Sirius XM Group Series A presently has an average rating of “Buy” and an average target price of $58.56.

In related news, insider Albert E. Rosenthaler sold 54,781 shares of Liberty Sirius XM Group Series A stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $36.71, for a total value of $2,011,010.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

NASDAQ:LSXMA opened at $40.83 on Thursday. The stock has a market capitalization of $14.36 billion, a P/E ratio of 12.57 and a beta of 1.94. Liberty Sirius XM Group Series A has a one year low of $38.61 and a one year high of $48.57.

Liberty Sirius XM Group Series A (NASDAQ:LSXMA) last posted its quarterly earnings results on Wednesday, August 8th. The technology company reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.01). The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.42 billion. Analysts anticipate that Liberty Sirius XM Group Series A will post 2.19 EPS for the current fiscal year.

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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