M&R Capital Management Inc. Has $5.83 Million Stake in The Liberty SiriusXM Group (NASDAQ:LSXMA)

M&R Capital Management Inc. decreased its holdings in shares of The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Rating) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 148,324 shares of the technology company’s stock after selling 2,414 shares during the quarter. The Liberty SiriusXM Group accounts for approximately 1.6% of M&R Capital Management Inc.’s investment portfolio, making the stock its 17th largest position. M&R Capital Management Inc.’s holdings in The Liberty SiriusXM Group were worth $5,831,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Royal London Asset Management Ltd. grew its holdings in shares of The Liberty SiriusXM Group by 0.7% during the third quarter. Royal London Asset Management Ltd. now owns 38,217 shares of the technology company’s stock worth $1,455,000 after purchasing an additional 277 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of The Liberty SiriusXM Group by 0.8% during the third quarter. Public Employees Retirement System of Ohio now owns 37,665 shares of the technology company’s stock worth $1,434,000 after purchasing an additional 297 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of The Liberty SiriusXM Group by 1.3% during the third quarter. Treasurer of the State of North Carolina now owns 32,159 shares of the technology company’s stock worth $1,224,000 after purchasing an additional 410 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of The Liberty SiriusXM Group by 4.7% during the second quarter. Captrust Financial Advisors now owns 9,775 shares of the technology company’s stock worth $352,000 after purchasing an additional 439 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of The Liberty SiriusXM Group by 13.8% during the third quarter. Signaturefd LLC now owns 3,645 shares of the technology company’s stock worth $139,000 after purchasing an additional 442 shares during the last quarter. Institutional investors and hedge funds own 29.67% of the company’s stock.

Analyst Upgrades and Downgrades

LSXMA has been the topic of several analyst reports. Benchmark reduced their target price on The Liberty SiriusXM Group from $72.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, March 7th. Deutsche Bank Aktiengesellschaft reduced their target price on The Liberty SiriusXM Group from $67.00 to $58.00 in a report on Thursday. Credit Suisse Group reiterated an “outperform” rating and issued a $39.00 target price on shares of The Liberty SiriusXM Group in a report on Thursday, March 9th. Finally, Citigroup reduced their target price on The Liberty SiriusXM Group from $62.00 to $46.00 and set a “buy” rating on the stock in a report on Monday, March 6th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $59.00.

Insider Transactions at The Liberty SiriusXM Group

In other news, major shareholder Gamco Investors, Inc. Et Al bought 7,200 shares of the stock in a transaction dated Wednesday, December 28th. The shares were bought at an average cost of $32.58 per share, with a total value of $234,576.00. Following the completion of the transaction, the insider now directly owns 20,000 shares of the company’s stock, valued at $651,600. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Gamco Investors, Inc. Et Al bought 7,200 shares of the stock in a transaction dated Wednesday, December 28th. The shares were bought at an average cost of $32.58 per share, with a total value of $234,576.00. Following the completion of the transaction, the insider now directly owns 20,000 shares of the company’s stock, valued at $651,600. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman John C. Malone sold 285,320 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $74.95, for a total value of $21,384,734.00. Following the transaction, the chairman now directly owns 3,670,061 shares in the company, valued at $275,071,071.95. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 8,700 shares of company stock valued at $283,360 and have sold 412,954 shares valued at $30,817,335. 4.02% of the stock is owned by insiders.

The Liberty SiriusXM Group Trading Down 1.8 %

LSXMA traded down $0.49 during trading on Friday, hitting $26.24. The company’s stock had a trading volume of 1,864,453 shares, compared to its average volume of 1,215,684. The Liberty SiriusXM Group has a twelve month low of $26.05 and a twelve month high of $46.87. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.78. The stock’s fifty day moving average price is $35.27 and its 200-day moving average price is $39.08. The firm has a market capitalization of $8.57 billion, a P/E ratio of 7.19 and a beta of 1.12.

The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Rating) last issued its quarterly earnings results on Wednesday, March 1st. The technology company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.22. The Liberty SiriusXM Group had a return on equity of 6.99% and a net margin of 14.35%. The firm had revenue of $2.28 billion for the quarter.

About The Liberty SiriusXM Group

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Liberty Media Corp. engages in the operation of media, communications, and entertainment businesses. It operates through the following segments: Sirius XM Holdings, Formula 1. The Sirius XM Holdings segment refers to the complementary audio entertainment businesses, Sirius XM and Pandora. Sirius XM features music, sports, entertainment, comedy, talk, news, traffic, weather channels, and infotainment services.