Brown Advisory Inc. Boosts Stake in Liberty Sirius XM Group Series A (LSXMA)

Brown Advisory Inc. increased its holdings in Liberty Sirius XM Group Series A (NASDAQ:LSXMA) by 12.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 82,918 shares of the technology company’s stock after buying an additional 9,150 shares during the period. Brown Advisory Inc.’s holdings in Liberty Sirius XM Group Series A were worth $3,602,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of LSXMA. Quantbot Technologies LP acquired a new position in Liberty Sirius XM Group Series A during the 3rd quarter valued at about $253,000. Shell Asset Management Co. boosted its stake in Liberty Sirius XM Group Series A by 759.2% during the 3rd quarter. Shell Asset Management Co. now owns 8,343 shares of the technology company’s stock valued at $362,000 after purchasing an additional 7,372 shares during the period. Canada Pension Plan Investment Board boosted its stake in Liberty Sirius XM Group Series A by 79.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 88,054 shares of the technology company’s stock valued at $3,825,000 after purchasing an additional 39,000 shares during the period. Blue Sky Asset Management LLC acquired a new position in Liberty Sirius XM Group Series A during the 3rd quarter valued at about $403,000. Finally, BlackRock Inc. boosted its stake in Liberty Sirius XM Group Series A by 5.7% during the 3rd quarter. BlackRock Inc. now owns 6,567,311 shares of the technology company’s stock valued at $285,283,000 after purchasing an additional 357,002 shares during the period. 37.41% of the stock is owned by institutional investors and hedge funds.

LSXMA stock opened at $39.08 on Friday. Liberty Sirius XM Group Series A has a 52 week low of $37.00 and a 52 week high of $48.57. The stock has a market cap of $12.82 billion, a price-to-earnings ratio of 11.81 and a beta of 1.48.

In related news, CEO Gregory B. Maffei purchased 10,000 shares of the company’s stock in a transaction on Tuesday, December 4th. The shares were bought at an average cost of $30.12 per share, for a total transaction of $301,200.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

A number of research firms have issued reports on LSXMA. B. Riley boosted their target price on shares of Liberty Sirius XM Group Series A to $75.00 and gave the company a “buy” rating in a research note on Tuesday, September 4th. Deutsche Bank boosted their price target on shares of Liberty Sirius XM Group Series A from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, August 14th. Zacks Investment Research upgraded shares of Liberty Sirius XM Group Series A from a “sell” rating to a “hold” rating in a research report on Thursday, August 16th. Macquarie dropped their price target on shares of Liberty Sirius XM Group Series A from $61.00 to $58.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 28th. Finally, Pivotal Research dropped their price target on shares of Liberty Sirius XM Group Series A from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, September 27th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $59.13.

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About Liberty Sirius XM Group Series A

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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Want to see what other hedge funds are holding LSXMA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Sirius XM Group Series A (NASDAQ:LSXMA).

Institutional Ownership by Quarter for Liberty Sirius XM Group Series A (NASDAQ:LSXMA)

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