Liberty Sirius XM Group Series A (LSXMA) Insider Richard N. Baer Sells 19,988 Shares

Liberty Sirius XM Group Series A (NASDAQ:LSXMA) insider Richard N. Baer sold 19,988 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $41.51, for a total transaction of $829,701.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Liberty Sirius XM Group Series A stock traded up $0.38 during trading on Friday, reaching $41.55. The company had a trading volume of 1,273,304 shares, compared to its average volume of 651,684. Liberty Sirius XM Group Series A has a 1-year low of $34.92 and a 1-year high of $48.57. The stock has a market capitalization of $13.30 billion, a P/E ratio of 20.67 and a beta of 1.21.

A number of equities research analysts have recently commented on LSXMA shares. B. Riley reaffirmed a “buy” rating on shares of Liberty Sirius XM Group Series A in a research note on Thursday, November 15th. Zacks Investment Research raised shares of Liberty Sirius XM Group Series A from a “sell” rating to a “hold” rating in a research note on Saturday, December 1st. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $59.13.

A number of institutional investors have recently added to or reduced their stakes in the stock. MUFG Securities EMEA plc acquired a new stake in Liberty Sirius XM Group Series A in the 4th quarter valued at $5,703,000. Geode Capital Management LLC lifted its holdings in Liberty Sirius XM Group Series A by 8.5% in the 4th quarter. Geode Capital Management LLC now owns 1,075,050 shares of the technology company’s stock valued at $39,545,000 after purchasing an additional 84,271 shares in the last quarter. Norges Bank purchased a new position in Liberty Sirius XM Group Series A in the 4th quarter valued at $83,191,000. Teacher Retirement System of Texas lifted its holdings in Liberty Sirius XM Group Series A by 12.2% in the 4th quarter. Teacher Retirement System of Texas now owns 239,964 shares of the technology company’s stock valued at $8,831,000 after purchasing an additional 26,004 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Liberty Sirius XM Group Series A by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 627,265 shares of the technology company’s stock valued at $23,083,000 after purchasing an additional 8,196 shares in the last quarter. 26.86% of the stock is currently owned by hedge funds and other institutional investors.

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Liberty Sirius XM Group Series A 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 Sirius XM on Demand over its Internet radio service through applications for mobile and home devices, and other consumer electronic equipment.

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