Teacher Retirement System of Texas Increases Holdings in Liberty Sirius XM Group Series C (LSXMK)

Teacher Retirement System of Texas raised its position in shares of Liberty Sirius XM Group Series C (NASDAQ:LSXMK) by 152.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 397,036 shares of the technology company’s stock after purchasing an additional 239,917 shares during the period. Teacher Retirement System of Texas owned 0.18% of Liberty Sirius XM Group Series C worth $18,010,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LSXMK. Natixis Advisors L.P. lifted its position in shares of Liberty Sirius XM Group Series C by 53.7% during the first quarter. Natixis Advisors L.P. now owns 209,313 shares of the technology company’s stock worth $8,551,000 after acquiring an additional 73,161 shares in the last quarter. M&R Capital Management Inc. lifted its position in shares of Liberty Sirius XM Group Series C by 186.0% during the first quarter. M&R Capital Management Inc. now owns 8,510 shares of the technology company’s stock worth $347,000 after acquiring an additional 5,534 shares in the last quarter. Alpine Global Management LLC purchased a new stake in shares of Liberty Sirius XM Group Series C during the first quarter worth $2,292,000. Summit Trail Advisors LLC lifted its position in shares of Liberty Sirius XM Group Series C by 17.0% during the first quarter. Summit Trail Advisors LLC now owns 11,557 shares of the technology company’s stock worth $337,000 after acquiring an additional 1,682 shares in the last quarter. Finally, Citigroup Inc. lifted its position in shares of Liberty Sirius XM Group Series C by 8.7% during the first quarter. Citigroup Inc. now owns 781,355 shares of the technology company’s stock worth $31,918,000 after acquiring an additional 62,854 shares in the last quarter. 80.13% of the stock is owned by institutional investors and hedge funds.

Shares of LSXMK stock opened at $46.88 on Thursday. Liberty Sirius XM Group Series C has a 52-week low of $38.52 and a 52-week high of $48.56. The firm has a market capitalization of $10.20 billion, a P/E ratio of 14.16 and a beta of 1.90.

Liberty Sirius XM Group Series C (NASDAQ:LSXMK) last issued its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.10). The company had revenue of $1.43 billion during the quarter. analysts expect that Liberty Sirius XM Group Series C will post 2.27 EPS for the current fiscal year.

Several research firms have issued reports on LSXMK. Morgan Stanley increased their target price on Liberty Sirius XM Group Series C from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, July 13th. ValuEngine downgraded Liberty Sirius XM Group Series C from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th.

Liberty Sirius XM Group Series C 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 Sirius XM on Demand over its Internet radio service through applications for mobile and home devices, and other consumer electronic equipment.

Further Reading: Outstanding Shares and The Effect on Share Price

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

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