Liberty Sirius XM Group Series C (NASDAQ:LSXMK) Sees Large Decrease in Short Interest

Liberty Sirius XM Group Series C (NASDAQ:LSXMK) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totalling 4,630,000 shares, a drop of 10.3% from the August 30th total of 5,160,000 shares. Approximately 2.5% of the shares of the stock are short sold. Based on an average daily volume of 526,000 shares, the short-interest ratio is currently 8.8 days.

Shares of Liberty Sirius XM Group Series C stock traded up $0.35 during trading on Monday, reaching $43.13. 355,929 shares of the company were exchanged, compared to its average volume of 675,470. Liberty Sirius XM Group Series C has a twelve month low of $34.84 and a twelve month high of $43.66. The business has a 50-day moving average price of $41.53 and a 200-day moving average price of $39.69. The firm has a market capitalization of $8.73 billion, a price-to-earnings ratio of 21.46, a P/E/G ratio of 1.92 and a beta of 1.19.

Liberty Sirius XM Group Series C (NASDAQ:LSXMK) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.17. The company had revenue of $1.98 billion for the quarter. On average, analysts expect that Liberty Sirius XM Group Series C will post 1.75 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its position in shares of Liberty Sirius XM Group Series C by 69.6% in the second quarter. JPMorgan Chase & Co. now owns 5,093,425 shares of the technology company’s stock valued at $191,105,000 after acquiring an additional 2,090,241 shares during the last quarter. First Manhattan Co. grew its position in shares of Liberty Sirius XM Group Series C by 150.9% in the second quarter. First Manhattan Co. now owns 2,728,108 shares of the technology company’s stock valued at $103,613,000 after purchasing an additional 1,640,820 shares during the last quarter. Weitz Investment Management Inc. grew its position in shares of Liberty Sirius XM Group Series C by 1.7% in the second quarter. Weitz Investment Management Inc. now owns 1,701,250 shares of the technology company’s stock valued at $64,613,000 after purchasing an additional 27,650 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Liberty Sirius XM Group Series C by 14.7% in the second quarter. California Public Employees Retirement System now owns 1,292,937 shares of the technology company’s stock valued at $49,106,000 after purchasing an additional 165,704 shares during the last quarter. Finally, Susquehanna International Group LLP grew its position in shares of Liberty Sirius XM Group Series C by 17.2% in the second quarter. Susquehanna International Group LLP now owns 1,116,664 shares of the technology company’s stock valued at $42,411,000 after purchasing an additional 163,922 shares during the last quarter. Hedge funds and other institutional investors own 80.91% of the company’s stock.

Separately, Zacks Investment Research raised Liberty Sirius XM Group Series C from a “hold” rating to a “strong-buy” rating and set a $49.00 price target for the company in a report on Saturday.

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.

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