Liberty Sirius XM Group Series C (NASDAQ:LSXMK) Hits New 1-Year High at $47.51

Shares of Liberty Sirius XM Group Series C (NASDAQ:LSXMK) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $47.51 and last traded at $47.51, with a volume of 33649 shares changing hands. The stock had previously closed at $46.98.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Liberty Sirius XM Group Series C from a “buy” rating to a “hold” rating in a report on Thursday. Morgan Stanley set a $61.00 target price on shares of Liberty Sirius XM Group Series C and gave the company a “buy” rating in a report on Monday, November 4th.

The firm has a market cap of $9.65 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 2.11 and a beta of 1.20. The stock’s 50 day moving average is $43.85 and its 200 day moving average is $40.56.

A number of institutional investors and hedge funds have recently made changes to their positions in LSXMK. JPMorgan Chase & Co. grew its stake in Liberty Sirius XM Group Series C by 69.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,093,425 shares of the technology company’s stock valued at $191,105,000 after buying an additional 2,090,241 shares during the last quarter. First Manhattan Co. grew its stake in Liberty Sirius XM Group Series C by 150.9% in the 2nd quarter. First Manhattan Co. now owns 2,728,108 shares of the technology company’s stock valued at $103,613,000 after buying an additional 1,640,820 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in Liberty Sirius XM Group Series C in the 2nd quarter valued at about $25,050,000. Grantham Mayo Van Otterloo & Co. LLC acquired a new position in Liberty Sirius XM Group Series C in the 2nd quarter valued at about $15,403,000. Finally, Balyasny Asset Management LLC grew its stake in Liberty Sirius XM Group Series C by 620.8% in the 2nd quarter. Balyasny Asset Management LLC now owns 437,802 shares of the technology company’s stock valued at $16,628,000 after buying an additional 377,064 shares during the last quarter. Institutional investors and hedge funds own 80.98% of the company’s stock.

Liberty Sirius XM Group Series C Company Profile (NASDAQ:LSXMK)

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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