Liberty Sirius XM Group Series C (NASDAQ:LSXMK) Sees Significant Decline in Short Interest

Liberty Sirius XM Group Series C (NASDAQ:LSXMK) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totalling 4,150,000 shares, a decrease of 8.8% from the June 15th total of 4,550,000 shares. Currently, 2.1% of the shares of the company are sold short. Based on an average daily volume of 687,200 shares, the short-interest ratio is presently 6.0 days.

Separately, Zacks Investment Research upgraded Eutelsat Communications from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective on the stock in a research report on Wednesday, June 12th.

Liberty Sirius XM Group Series C stock traded up $0.48 during mid-day trading on Tuesday, hitting $40.94. The company had a trading volume of 555,740 shares, compared to its average volume of 730,581. Liberty Sirius XM Group Series C has a 12-month low of $34.84 and a 12-month high of $47.75. The firm’s fifty day moving average is $38.77. The stock has a market cap of $8.65 billion, a P/E ratio of 20.37 and a beta of 1.18.

Liberty Sirius XM Group Series C (NASDAQ:LSXMK) last released its quarterly earnings data on Thursday, May 9th. The technology company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.21). The business had revenue of $1.74 billion during the quarter. On average, sell-side analysts forecast that Liberty Sirius XM Group Series C will post 1.48 earnings per share for the current year.

Large investors have recently made changes to their positions in the company. Massey Quick Simon & CO. LLC acquired a new position in Liberty Sirius XM Group Series C in the 1st quarter valued at $25,000. Advisory Alpha LLC acquired a new position in Liberty Sirius XM Group Series C in the 1st quarter valued at $31,000. Hexavest Inc. acquired a new position in Liberty Sirius XM Group Series C in the 2nd quarter valued at $37,000. Financial Gravity Wealth Inc. raised its stake in Liberty Sirius XM Group Series C by 302.3% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 1,062 shares of the technology company’s stock valued at $40,000 after purchasing an additional 798 shares during the last quarter. Finally, Icon Wealth Partners LLC acquired a new position in Liberty Sirius XM Group Series C in the 1st quarter valued at $78,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

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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