Point72 Hong Kong Ltd purchased a new stake in Liberty Sirius XM Group Series C (NASDAQ:LSXMK) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,242 shares of the technology company’s stock, valued at approximately $349,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in LSXMK. Evoke Wealth LLC bought a new position in shares of Liberty Sirius XM Group Series C during the 3rd quarter worth approximately $29,000. Allred Capital Management LLC bought a new position in shares of Liberty Sirius XM Group Series C during the 4th quarter worth approximately $33,000. Parallel Advisors LLC lifted its position in shares of Liberty Sirius XM Group Series C by 42.5% during the 4th quarter. Parallel Advisors LLC now owns 691 shares of the technology company’s stock worth $33,000 after buying an additional 206 shares in the last quarter. Clear Harbor Asset Management LLC bought a new position in shares of Liberty Sirius XM Group Series C during the 4th quarter worth approximately $39,000. Finally, Mint Tower Capital Management B.V. bought a new position in shares of Liberty Sirius XM Group Series C during the 4th quarter worth approximately $39,000. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of LSXMK stock traded up $1.55 during trading hours on Wednesday, hitting $29.81. 1,410,991 shares of the company were exchanged, compared to its average volume of 968,371. The firm has a fifty day simple moving average of $43.33 and a 200 day simple moving average of $45.25. Liberty Sirius XM Group Series C has a 52-week low of $23.01 and a 52-week high of $51.36. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 19.36, a P/E/G ratio of 0.70 and a beta of 1.18.

LSXMK has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Liberty Sirius XM Group Series C from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Morgan Stanley reissued a “buy” rating and set a $61.00 target price on shares of Liberty Sirius XM Group Series C in a research report on Wednesday, January 8th.

About Liberty Sirius XM Group Series C

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.

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Institutional Ownership by Quarter for Liberty Sirius XM Group Series C (NASDAQ:LSXMK)

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