Liberty Sirius XM Group Series A (NASDAQ:LSXMA) Shares Sold by Redmond Asset Management LLC

Redmond Asset Management LLC decreased its position in Liberty Sirius XM Group Series A (NASDAQ:LSXMA) by 0.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 96,607 shares of the technology company’s stock after selling 494 shares during the quarter. Liberty Sirius XM Group Series A accounts for approximately 1.6% of Redmond Asset Management LLC’s holdings, making the stock its 10th biggest holding. Redmond Asset Management LLC’s holdings in Liberty Sirius XM Group Series A were worth $3,653,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Stanley Laman Group Ltd. acquired a new stake in Liberty Sirius XM Group Series A during the 2nd quarter worth approximately $248,000. TD Asset Management Inc. raised its holdings in shares of Liberty Sirius XM Group Series A by 5.8% in the second quarter. TD Asset Management Inc. now owns 108,198 shares of the technology company’s stock valued at $4,091,000 after purchasing an additional 5,887 shares during the last quarter. CWM LLC raised its holdings in shares of Liberty Sirius XM Group Series A by 226.3% in the second quarter. CWM LLC now owns 757 shares of the technology company’s stock valued at $29,000 after purchasing an additional 525 shares during the last quarter. KBC Group NV raised its holdings in shares of Liberty Sirius XM Group Series A by 3.1% in the second quarter. KBC Group NV now owns 15,522 shares of the technology company’s stock valued at $587,000 after purchasing an additional 462 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Liberty Sirius XM Group Series A by 0.7% in the second quarter. BNP Paribas Arbitrage SA now owns 553,959 shares of the technology company’s stock valued at $20,945,000 after purchasing an additional 4,067 shares during the last quarter. 27.16% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Andrea L. Wong sold 1,741 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $26.51, for a total value of $46,153.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of NASDAQ LSXMA traded up $0.26 during midday trading on Thursday, reaching $39.71. The company’s stock had a trading volume of 5,290 shares, compared to its average volume of 514,866. Liberty Sirius XM Group Series A has a fifty-two week low of $34.92 and a fifty-two week high of $47.54. The company has a market cap of $12.94 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 1.75 and a beta of 1.19. The stock has a 50 day simple moving average of $39.78.

A number of analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Liberty Sirius XM Group Series A from a “hold” rating to a “strong sell” rating in a report on Wednesday. Pivotal Research reiterated a “buy” rating and issued a $67.00 price objective on shares of Liberty Sirius XM Group Series A in a report on Sunday. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Liberty Sirius XM Group Series A presently has a consensus rating of “Buy” and an average target price of $60.40.

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 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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