Treasurer of the State of North Carolina Grows Stock Position in The Liberty SiriusXM Group (NASDAQ:LSXMA)

Treasurer of the State of North Carolina lifted its stake in shares of The Liberty SiriusXM Group (NASDAQ:LSXMA – Free Report) by 38.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,119 shares of the technology company’s stock after purchasing an additional 12,540 shares during the quarter. Treasurer of the State of North Carolina’s holdings in The Liberty SiriusXM Group were worth $1,267,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of LSXMA. Coastal Investment Advisors Inc. raised its position in The Liberty SiriusXM Group by 1,925.0% in the fourth quarter. Coastal Investment Advisors Inc. now owns 810 shares of the technology company’s stock worth $32,000 after acquiring an additional 770 shares in the last quarter. Ellevest Inc. raised its position in The Liberty SiriusXM Group by 199.7% in the fourth quarter. Ellevest Inc. now owns 890 shares of the technology company’s stock worth $35,000 after acquiring an additional 593 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in The Liberty SiriusXM Group in the fourth quarter worth $57,000. Banque Cantonale Vaudoise raised its position in The Liberty SiriusXM Group by 16.4% in the first quarter. Banque Cantonale Vaudoise now owns 2,780 shares of the technology company’s stock worth $78,000 after acquiring an additional 391 shares in the last quarter. Finally, MetLife Investment Management LLC purchased a new position in The Liberty SiriusXM Group in the first quarter worth $85,000. Hedge funds and other institutional investors own 28.26% of the company’s stock.

The Liberty SiriusXM Group Stock Down 1.3 %

LSXMA opened at $22.81 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.82. The firm has a market cap of $2.24 billion, a P/E ratio of 7.11 and a beta of 1.12. The Liberty SiriusXM Group has a 52 week low of $22.50 and a 52 week high of $26.94. The business’s fifty day simple moving average is $31.07 and its 200 day simple moving average is $30.73.

Insider Activity at The Liberty SiriusXM Group

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In related news, Chairman John C. Malone acquired 140,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average price of $35.70 per share, with a total value of $4,998,000.00. Following the completion of the purchase, the chairman now directly owns 3,658,473 shares in the company, valued at $130,607,486.10. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other The Liberty SiriusXM Group news, Chairman John C. Malone purchased 140,000 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were purchased at an average cost of $35.70 per share, with a total value of $4,998,000.00. Following the purchase, the chairman now owns 3,658,473 shares in the company, valued at $130,607,486.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Albert E. Rosenthaler sold 5,882 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $73.79, for a total value of $434,032.78. Following the completion of the sale, the insider now directly owns 72,644 shares in the company, valued at $5,360,400.76. The disclosure for this sale can be found here. Corporate insiders own 12.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on LSXMA shares. Benchmark cut their price objective on The Liberty SiriusXM Group from $60.00 to $38.00 and set a “buy” rating for the company in a research report on Monday. Deutsche Bank Aktiengesellschaft lowered their target price on The Liberty SiriusXM Group from $57.00 to $47.00 and set a “buy” rating on the stock in a report on Monday. TheStreet lowered The Liberty SiriusXM Group from a “c” rating to a “d+” rating in a report on Thursday, July 20th. Finally, Citigroup upped their target price on The Liberty SiriusXM Group from $39.00 to $46.00 in a report on Sunday, July 16th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $49.67.

Read Our Latest Analysis on LSXMA

The Liberty SiriusXM Group Profile

(Free Report)

The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States and Canada. It features music, sports, entertainment, comedy, talk, news, traffic, weather channels, podcast, and infotainment services through proprietary satellite radio systems, as well as streamed through applications for mobile and home devices, and other consumer electronic equipment.