Amundi Pioneer Asset Management Inc. Trims Position in Liberty Sirius XM Group Series C (LSXMK)

Amundi Pioneer Asset Management Inc. lowered its holdings in shares of Liberty Sirius XM Group Series C (NASDAQ:LSXMK) by 93.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 228,826 shares of the technology company’s stock after selling 3,174,850 shares during the quarter. Amundi Pioneer Asset Management Inc. owned 0.11% of Liberty Sirius XM Group Series C worth $8,462,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC increased its holdings in shares of Liberty Sirius XM Group Series C by 288.4% in the 3rd quarter. SG Americas Securities LLC now owns 21,678 shares of the technology company’s stock valued at $942,000 after purchasing an additional 16,097 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Liberty Sirius XM Group Series C by 16.5% during the 3rd quarter. Alliancebernstein L.P. now owns 188,976 shares of the technology company’s stock worth $8,211,000 after purchasing an additional 26,801 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Liberty Sirius XM Group Series C by 37.2% during the 3rd quarter. Janus Henderson Group PLC now owns 75,840 shares of the technology company’s stock worth $3,295,000 after purchasing an additional 20,577 shares during the last quarter. BlackRock Inc. boosted its position in shares of Liberty Sirius XM Group Series C by 2.4% in the third quarter. BlackRock Inc. now owns 11,245,338 shares of the technology company’s stock worth $488,607,000 after acquiring an additional 265,555 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of Liberty Sirius XM Group Series C by 8.6% in the third quarter. Great West Life Assurance Co. Can now owns 113,702 shares of the technology company’s stock worth $4,943,000 after acquiring an additional 8,986 shares during the last quarter. 81.49% of the stock is currently owned by institutional investors.

LSXMK has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Liberty Sirius XM Group Series C from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Friday, February 1st. Morgan Stanley reaffirmed an “overweight” rating and issued a $51.00 price objective on shares of Liberty Sirius XM Group Series C in a report on Friday, March 15th.

Liberty Sirius XM Group Series C stock traded down $0.71 during trading hours on Monday, reaching $39.75. 501,685 shares of the company were exchanged, compared to its average volume of 784,296. Liberty Sirius XM Group Series C has a 12 month low of $34.84 and a 12 month high of $48.56. The stock has a market capitalization of $8.53 billion, a P/E ratio of 19.78 and a beta of 1.17.

Liberty Sirius XM Group Series C (NASDAQ:LSXMK) last released its earnings results on Thursday, February 28th. The technology company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.08). The business had revenue of $1.50 billion during the quarter. Analysts expect that Liberty Sirius XM Group Series C will post 2.13 EPS for the current year.

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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 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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Institutional Ownership by Quarter for Liberty Sirius XM Group Series C (NASDAQ:LSXMK)

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