Redmond Asset Management LLC cut its holdings in Liberty Sirius XM Group Series A (NASDAQ:LSXMA) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 96,607 shares of the technology company’s stock after selling 494 shares during the period. Liberty Sirius XM Group Series A comprises approximately 1.6% of Redmond Asset Management LLC’s holdings, making the stock its 10th biggest position. Redmond Asset Management LLC’s holdings in Liberty Sirius XM Group Series A were worth $3,653,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of LSXMA. CWM LLC raised its holdings in shares of Liberty Sirius XM Group Series A by 226.3% in the 2nd quarter. CWM LLC now owns 757 shares of the technology company’s stock worth $29,000 after purchasing an additional 525 shares in the last quarter. Icon Wealth Partners LLC acquired a new stake in shares of Liberty Sirius XM Group Series A during the first quarter valued at approximately $38,000. Princeton Global Asset Management LLC acquired a new stake in shares of Liberty Sirius XM Group Series A during the first quarter valued at approximately $54,000. Marshall Wace LLP raised its holdings in shares of Liberty Sirius XM Group Series A by 58.8% during the first quarter. Marshall Wace LLP now owns 3,197 shares of the technology company’s stock valued at $122,000 after acquiring an additional 1,184 shares during the period. Finally, Bank of Montreal Can raised its holdings in shares of Liberty Sirius XM Group Series A by 8.3% during the first quarter. Bank of Montreal Can now owns 4,387 shares of the technology company’s stock valued at $167,000 after acquiring an additional 335 shares during the period. 27.16% of the stock is owned by institutional investors and hedge funds.

Shares of LSXMA stock traded up $0.26 during trading hours on Thursday, reaching $39.71. 5,290 shares of the stock traded hands, compared to its average volume of 514,866. Liberty Sirius XM Group Series A has a 1-year low of $34.92 and a 1-year high of $47.54. The firm has a fifty day moving average of $39.78. The firm has a market capitalization of $12.94 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 1.75 and a beta of 1.19.

A number of equities research analysts have recently issued reports on LSXMA shares. Pivotal Research restated a “buy” rating and set a $67.00 price target on shares of Liberty Sirius XM Group Series A in a report on Sunday. Zacks Investment Research lowered shares of Liberty Sirius XM Group Series A from a “hold” rating to a “strong sell” rating in a report on Wednesday. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Liberty Sirius XM Group Series A currently has a consensus rating of “Buy” and a consensus target price of $60.40.

In related news, Director Andrea L. Wong sold 1,741 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $26.51, for a total transaction of $46,153.91. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Liberty Sirius XM Group Series A Company 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 streaming services through applications for mobile and home devices, and other consumer electronic equipment, as well as online.

See Also: Arbitrage

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

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