Liberty Sirius XM Group Series C (LSXMK) is GABELLI & Co INVESTMENT ADVISERS INC.’s 9th Largest Position

GABELLI & Co INVESTMENT ADVISERS INC. boosted its holdings in Liberty Sirius XM Group Series C (NASDAQ:LSXMK) by 1.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 619,000 shares of the technology company’s stock after acquiring an additional 10,600 shares during the period. Liberty Sirius XM Group Series C accounts for about 3.0% of GABELLI & Co INVESTMENT ADVISERS INC.’s portfolio, making the stock its 9th largest holding. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Liberty Sirius XM Group Series C were worth $23,671,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Gabelli Funds LLC boosted its stake in shares of Liberty Sirius XM Group Series C by 13.7% during the first quarter. Gabelli Funds LLC now owns 1,134,389 shares of the technology company’s stock worth $43,379,000 after buying an additional 136,889 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of Liberty Sirius XM Group Series C by 10.9% during the first quarter. Robeco Institutional Asset Management B.V. now owns 130,097 shares of the technology company’s stock worth $4,976,000 after buying an additional 12,838 shares during the period. Waldron Private Wealth LLC acquired a new stake in shares of Liberty Sirius XM Group Series C during the first quarter worth about $643,000. Schneider Downs Wealth Management Advisors LP acquired a new stake in shares of Liberty Sirius XM Group Series C during the first quarter worth about $352,000. Finally, Dupont Capital Management Corp boosted its stake in shares of Liberty Sirius XM Group Series C by 271.9% during the first quarter. Dupont Capital Management Corp now owns 76,615 shares of the technology company’s stock worth $2,930,000 after buying an additional 56,015 shares during the period. Hedge funds and other institutional investors own 81.41% of the company’s stock.

Shares of LSXMK opened at $38.85 on Wednesday. The firm has a market capitalization of $8.52 billion, a price-to-earnings ratio of 19.33 and a beta of 1.18. Liberty Sirius XM Group Series C has a fifty-two week low of $34.84 and a fifty-two week high of $48.56.

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

LSXMK has been the subject of several recent research reports. Morgan Stanley reiterated an “overweight” rating and set a $51.00 target price on shares of Liberty Sirius XM Group Series C in a research note on Friday, March 15th. Zacks Investment Research downgraded shares of Liberty Sirius XM Group Series C from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th.

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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 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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