M&R Capital Management Inc. Sells 340 Shares of Liberty Sirius XM Group Series A (NASDAQ:LSXMA)

M&R Capital Management Inc. cut its stake in Liberty Sirius XM Group Series A (NASDAQ:LSXMA) by 0.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 144,271 shares of the technology company’s stock after selling 340 shares during the quarter. Liberty Sirius XM Group Series A comprises about 1.2% of M&R Capital Management Inc.’s holdings, making the stock its 23rd biggest holding. M&R Capital Management Inc.’s holdings in Liberty Sirius XM Group Series A were worth $5,454,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of LSXMA. Icon Wealth Partners LLC purchased a new stake in shares of Liberty Sirius XM Group Series A in the 1st quarter worth about $38,000. Princeton Global Asset Management LLC purchased a new stake in Liberty Sirius XM Group Series A during the 1st quarter valued at about $54,000. Marshall Wace LLP grew its position in Liberty Sirius XM Group Series A by 58.8% during the 1st quarter. Marshall Wace LLP now owns 3,197 shares of the technology company’s stock valued at $122,000 after purchasing an additional 1,184 shares during the last quarter. Bank of Montreal Can grew its position in Liberty Sirius XM Group Series A by 8.3% during the 1st quarter. Bank of Montreal Can now owns 4,387 shares of the technology company’s stock valued at $167,000 after purchasing an additional 335 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in Liberty Sirius XM Group Series A by 53.5% during the 1st quarter. Daiwa Securities Group Inc. now owns 4,528 shares of the technology company’s stock valued at $173,000 after purchasing an additional 1,578 shares during the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

LSXMA stock traded up $0.02 during trading on Friday, hitting $41.78. 583,693 shares of the stock traded hands, compared to its average volume of 454,266. Liberty Sirius XM Group Series A has a 1 year low of $34.92 and a 1 year high of $47.54. The stock has a 50 day simple moving average of $38.91. The stock has a market capitalization of $13.51 billion, a PE ratio of 20.79 and a beta of 1.18.

Liberty Sirius XM Group Series A (NASDAQ:LSXMA) last announced its quarterly earnings data on Thursday, May 9th. The technology company reported $0.19 EPS for the quarter. The firm had revenue of $1.74 billion for the quarter.

Separately, Pivotal Research reissued a “buy” rating and set a $60.00 price objective on shares of Liberty Sirius XM Group Series A in a research report on Sunday, May 12th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Liberty Sirius XM Group Series A presently has a consensus rating of “Buy” and a consensus price target of $60.00.

In related news, Director Andrea L. Wong sold 1,741 shares of the stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $26.51, for a total transaction of $46,153.91. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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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