Prudential Financial Inc. Has $8.38 Million Position in Liberty Sirius XM Group Series C (LSXMK)

Prudential Financial Inc. cut its stake in Liberty Sirius XM Group Series C (NASDAQ:LSXMK) by 9.0% in the third quarter, Holdings Channel reports. The institutional investor owned 192,801 shares of the technology company’s stock after selling 18,977 shares during the period. Prudential Financial Inc.’s holdings in Liberty Sirius XM Group Series C were worth $8,377,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Signaturefd LLC lifted its position in Liberty Sirius XM Group Series C by 931.7% in the second quarter. Signaturefd LLC now owns 2,373 shares of the technology company’s stock worth $108,000 after buying an additional 2,143 shares during the last quarter. Fort L.P. purchased a new stake in Liberty Sirius XM Group Series C in the second quarter worth $120,000. Acadian Asset Management LLC purchased a new stake in Liberty Sirius XM Group Series C in the second quarter worth $188,000. Lee Danner & Bass Inc. purchased a new stake in Liberty Sirius XM Group Series C in the second quarter worth $202,000. Finally, Private Advisor Group LLC purchased a new stake in Liberty Sirius XM Group Series C in the second quarter worth $205,000. Institutional investors own 73.35% of the company’s stock.

Shares of Liberty Sirius XM Group Series C stock opened at $39.37 on Thursday. The firm has a market cap of $8.46 billion, a PE ratio of 11.89 and a beta of 1.44. Liberty Sirius XM Group Series C has a 12 month low of $36.89 and a 12 month high of $48.56.

A number of research firms have weighed in on LSXMK. Pivotal Research reduced their target price on Liberty Sirius XM Group Series C from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, November 12th. Zacks Investment Research lowered Liberty Sirius XM Group Series C from a “buy” rating to a “hold” rating in a research note on Thursday, September 13th.

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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 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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