Liberty Sirius XM Group Series C (NASDAQ:LSXMK) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. decreased its position in Liberty Sirius XM Group Series C (NASDAQ:LSXMK) by 1.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,237 shares of the technology company’s stock after selling 432 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Liberty Sirius XM Group Series C were worth $1,042,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Massey Quick Simon & CO. LLC purchased a new position in shares of Liberty Sirius XM Group Series C in the 1st quarter worth approximately $25,000. Lindbrook Capital LLC purchased a new position in shares of Liberty Sirius XM Group Series C in the 4th quarter worth approximately $29,000. Icon Wealth Partners LLC purchased a new position in shares of Liberty Sirius XM Group Series C in the 1st quarter worth approximately $78,000. Princeton Global Asset Management LLC purchased a new position in shares of Liberty Sirius XM Group Series C in the 4th quarter worth approximately $114,000. Finally, National Pension Service boosted its holdings in shares of Liberty Sirius XM Group Series C by 223.9% in the 4th quarter. National Pension Service now owns 3,802 shares of the technology company’s stock worth $153,000 after purchasing an additional 2,628 shares during the period. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

LSXMK has been the subject of a number of recent analyst reports. Morgan Stanley restated an “overweight” rating and set a $51.00 price objective on shares of Liberty Sirius XM Group Series C in a report on Friday, March 15th. Zacks Investment Research cut Liberty Sirius XM Group Series C from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 12th.

LSXMK traded up $0.53 during trading hours on Monday, reaching $38.51. 511,710 shares of the company’s stock traded hands, compared to its average volume of 766,963. The company’s 50-day moving average price is $37.26. The firm has a market capitalization of $8.01 billion, a price-to-earnings ratio of 19.16 and a beta of 1.18. Liberty Sirius XM Group Series C has a 52-week low of $34.84 and a 52-week high of $48.56.

Liberty Sirius XM Group Series C (NASDAQ:LSXMK) last issued its earnings results on Thursday, May 9th. The technology company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.21). The business had revenue of $1.74 billion during the quarter. As a group, sell-side analysts expect that Liberty Sirius XM Group Series C will post 1.48 earnings per share for the current fiscal year.

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

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