The Liberty SiriusXM Group (NASDAQ:LSXMK) Shares Sold by Cowen AND Company LLC

Cowen AND Company LLC cut its holdings in shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 96,649 shares of the technology company’s stock after selling 695 shares during the period. Cowen AND Company LLC’s holdings in The Liberty SiriusXM Group were worth $2,142,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Mather Group LLC. increased its stake in The Liberty SiriusXM Group by 100.5% in the 2nd quarter. Mather Group LLC. now owns 1,674 shares of the technology company’s stock valued at $37,000 after buying an additional 839 shares during the period. Motco increased its stake in shares of The Liberty SiriusXM Group by 172,300.0% during the first quarter. Motco now owns 1,724 shares of the technology company’s stock worth $51,000 after acquiring an additional 1,723 shares during the period. Quest Partners LLC acquired a new stake in The Liberty SiriusXM Group in the second quarter valued at about $42,000. Principal Securities Inc. purchased a new stake in The Liberty SiriusXM Group in the 4th quarter valued at approximately $66,000. Finally, UniSuper Management Pty Ltd raised its stake in shares of The Liberty SiriusXM Group by 91.7% during the 1st quarter. UniSuper Management Pty Ltd now owns 2,300 shares of the technology company’s stock worth $68,000 after buying an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 56.58% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Berkshire Hathaway Inc sold 52,911 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $34.06, for a total value of $1,802,148.66. Following the completion of the sale, the insider now directly owns 4,999,007 shares in the company, valued at $170,266,178.42. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 12.47% of the stock is currently owned by company insiders.

The Liberty SiriusXM Group Trading Down 0.0 %

Shares of NASDAQ:LSXMK traded down $0.01 during midday trading on Monday, hitting $22.54. 184,713 shares of the stock were exchanged, compared to its average volume of 2,141,683. The company has a 50 day moving average price of $22.58 and a 200-day moving average price of $24.44. The Liberty SiriusXM Group has a twelve month low of $20.05 and a twelve month high of $31.67. The stock has a market cap of $7.36 billion and a P/E ratio of 9.28.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.60 EPS for the quarter. The business had revenue of $2.18 billion during the quarter.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Rosenblatt Securities cut their price objective on The Liberty SiriusXM Group from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. StockNews.com upgraded shares of The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a research report on Monday, September 2nd.

About The Liberty SiriusXM Group

The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States, the United Kingdom, and internationally. 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 SXM App for mobile and home devices, and other consumer electronic equipment.