Riverhead Capital Management LLC Purchases 64,960 Shares of Liberty Sirius XM Group Series A (NASDAQ:LSXMA)

Riverhead Capital Management LLC boosted its position in Liberty Sirius XM Group Series A (NASDAQ:LSXMA) by 147.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,000 shares of the technology company’s stock after purchasing an additional 64,960 shares during the period. Riverhead Capital Management LLC’s holdings in Liberty Sirius XM Group Series A were worth $4,162,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Nissay Asset Management Corp Japan ADV increased its holdings in Liberty Sirius XM Group Series A by 3.0% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 8,651 shares of the technology company’s stock worth $330,000 after purchasing an additional 253 shares in the last quarter. Bank of Montreal Can increased its holdings in Liberty Sirius XM Group Series A by 8.3% in the 1st quarter. Bank of Montreal Can now owns 4,387 shares of the technology company’s stock worth $167,000 after purchasing an additional 335 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Liberty Sirius XM Group Series A by 1.3% in the 1st quarter. Lazard Asset Management LLC now owns 38,963 shares of the technology company’s stock worth $1,487,000 after purchasing an additional 513 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Liberty Sirius XM Group Series A by 10.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 6,515 shares of the technology company’s stock worth $249,000 after purchasing an additional 608 shares in the last quarter. Finally, US Bancorp DE increased its holdings in Liberty Sirius XM Group Series A by 37.6% in the 1st quarter. US Bancorp DE now owns 2,296 shares of the technology company’s stock worth $88,000 after purchasing an additional 628 shares in the last quarter. 27.46% of the stock is owned by institutional investors and hedge funds.

In other Liberty Sirius XM Group Series A news, Director Andrea L. Wong sold 1,741 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $26.51, for a total value of $46,153.91. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

LSXMA has been the subject of a number of recent research reports. Pivotal Research reaffirmed a “buy” rating and issued a $60.00 target price on shares of Liberty Sirius XM Group Series A in a report on Sunday, May 12th. Zacks Investment Research raised Liberty Sirius XM Group Series A from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Wednesday, March 27th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $57.57.

LSXMA traded up $0.06 on Friday, reaching $36.89. The stock had a trading volume of 1,489 shares, compared to its average volume of 453,709. Liberty Sirius XM Group Series A has a fifty-two week low of $34.92 and a fifty-two week high of $48.57. The stock has a market cap of $11.73 billion, a PE ratio of 18.33 and a beta of 1.22.

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Liberty Sirius XM Group Series A Company Profile

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

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