Hi Line Capital Management LLC Increases Position in Liberty Sirius XM Group Series C (NASDAQ:LSXMK)

Hi Line Capital Management LLC raised its position in Liberty Sirius XM Group Series C (NASDAQ:LSXMK) by 0.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 139,015 shares of the technology company’s stock after purchasing an additional 1,241 shares during the quarter. Liberty Sirius XM Group Series C accounts for approximately 2.4% of Hi Line Capital Management LLC’s portfolio, making the stock its 18th largest position. Hi Line Capital Management LLC owned about 0.07% of Liberty Sirius XM Group Series C worth $5,280,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in shares of Liberty Sirius XM Group Series C by 69.6% during the second quarter. JPMorgan Chase & Co. now owns 5,093,425 shares of the technology company’s stock worth $191,105,000 after acquiring an additional 2,090,241 shares during the period. Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in shares of Liberty Sirius XM Group Series C during the second quarter worth $15,403,000. Barr E S & Co. purchased a new stake in shares of Liberty Sirius XM Group Series C during the second quarter worth $9,171,000. Weitz Investment Management Inc. increased its position in shares of Liberty Sirius XM Group Series C by 15.4% during the first quarter. Weitz Investment Management Inc. now owns 1,673,600 shares of the technology company’s stock worth $63,998,000 after acquiring an additional 223,153 shares during the period. Finally, Marshall Wace North America L.P. grew its stake in shares of Liberty Sirius XM Group Series C by 37.0% during the first quarter. Marshall Wace North America L.P. now owns 816,251 shares of the technology company’s stock worth $31,213,000 after purchasing an additional 220,624 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

NASDAQ LSXMK opened at $42.46 on Friday. Liberty Sirius XM Group Series C has a 1 year low of $34.84 and a 1 year high of $47.73. The company has a market capitalization of $8.60 billion, a PE ratio of 21.12, a P/E/G ratio of 1.93 and a beta of 1.19. The company has a fifty day moving average of $40.96 and a two-hundred day moving average of $39.50.

Separately, Zacks Investment Research downgraded shares of Liberty Sirius XM Group Series C from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 14th.

Liberty Sirius XM Group Series C 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.

Read More: What is the definition of a trade war?

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

Institutional Ownership by Quarter for Liberty Sirius XM Group Series C (NASDAQ:LSXMK)

Receive News & Ratings for Liberty Sirius XM Group Series C Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Sirius XM Group Series C and related companies with MarketBeat.com's FREE daily email newsletter.