Los Angeles Capital Management & Equity Research Inc. Has $20.35 Million Position in Liberty Sirius XM Group Series C (LSXMK)

Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Liberty Sirius XM Group Series C (NASDAQ:LSXMK) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 468,395 shares of the technology company’s stock after acquiring an additional 4,065 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Liberty Sirius XM Group Series C were worth $20,352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Dorsal Capital Management LLC boosted its position in Liberty Sirius XM Group Series C by 19.4% in the second quarter. Dorsal Capital Management LLC now owns 2,985,000 shares of the technology company’s stock valued at $135,400,000 after buying an additional 485,000 shares in the last quarter. First Manhattan Co. boosted its position in Liberty Sirius XM Group Series C by 15.1% in the third quarter. First Manhattan Co. now owns 970,675 shares of the technology company’s stock valued at $42,175,000 after buying an additional 127,318 shares in the last quarter. Citadel Advisors LLC boosted its position in Liberty Sirius XM Group Series C by 147.5% in the second quarter. Citadel Advisors LLC now owns 930,251 shares of the technology company’s stock valued at $42,196,000 after buying an additional 554,422 shares in the last quarter. Wells Fargo & Company MN boosted its position in Liberty Sirius XM Group Series C by 1.8% in the second quarter. Wells Fargo & Company MN now owns 891,331 shares of the technology company’s stock valued at $40,431,000 after buying an additional 15,642 shares in the last quarter. Finally, Millennium Management LLC boosted its position in Liberty Sirius XM Group Series C by 16.2% in the second quarter. Millennium Management LLC now owns 815,181 shares of the technology company’s stock valued at $36,977,000 after buying an additional 113,514 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

A number of analysts have weighed in on the stock. Morgan Stanley raised their target price on shares of Liberty Sirius XM Group Series C from $45.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, July 13th. Zacks Investment Research lowered shares of Liberty Sirius XM Group Series C from a “buy” rating to a “hold” rating in a research report on Thursday, September 13th. Finally, ValuEngine lowered shares of Liberty Sirius XM Group Series C from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th.

LSXMK stock opened at $40.74 on Friday. The firm has a market cap of $9.05 billion, a PE ratio of 12.31 and a beta of 1.46. Liberty Sirius XM Group Series C has a 52-week low of $38.11 and a 52-week high of $48.56.

Liberty Sirius XM Group Series C (NASDAQ:LSXMK) last released its quarterly earnings results on Wednesday, August 8th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.10). The firm had revenue of $1.43 billion for the quarter. On average, sell-side analysts forecast that Liberty Sirius XM Group Series C will post 2.27 EPS for the current fiscal year.

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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.

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

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