Liberty Sirius XM Group Series A (NASDAQ:LSXMA) Short Interest Update

Liberty Sirius XM Group Series A (NASDAQ:LSXMA) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 3,940,900 shares, a decline of 11.5% from the May 15th total of 4,453,400 shares. Based on an average daily trading volume, of 549,500 shares, the days-to-cover ratio is presently 7.2 days. Approximately 4.0% of the shares of the company are sold short.

Shares of NASDAQ:LSXMA traded up $0.43 during trading on Friday, reaching $37.81. 617,259 shares of the stock were exchanged, compared to its average volume of 596,007. Liberty Sirius XM Group Series A has a 12 month low of $34.92 and a 12 month high of $48.57. The company has a market cap of $12.23 billion, a price-to-earnings ratio of 18.81 and a beta of 1.22. The company’s 50-day moving average is $37.17.

Liberty Sirius XM Group Series A (NASDAQ:LSXMA) last issued its quarterly earnings data on Thursday, May 9th. The technology company reported $0.19 earnings per share (EPS) for the quarter. The firm had revenue of $1.74 billion for the quarter.

In other Liberty Sirius XM Group Series A news, Director Andrea L. Wong sold 1,741 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $26.51, for a total transaction of $46,153.91. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Several large investors have recently modified their holdings of the company. Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Liberty Sirius XM Group Series A by 3.0% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 8,651 shares of the technology company’s stock worth $330,000 after acquiring an additional 253 shares during the period. Bank of Montreal Can boosted its holdings in shares of Liberty Sirius XM Group Series A by 8.3% during the first quarter. Bank of Montreal Can now owns 4,387 shares of the technology company’s stock worth $167,000 after acquiring an additional 335 shares during the period. Cardan Capital Partners LLC boosted its holdings in shares of Liberty Sirius XM Group Series A by 2.4% during the first quarter. Cardan Capital Partners LLC now owns 29,972 shares of the technology company’s stock worth $1,144,000 after acquiring an additional 700 shares during the period. Seizert Capital Partners LLC boosted its holdings in shares of Liberty Sirius XM Group Series A by 5.3% during the first quarter. Seizert Capital Partners LLC now owns 20,094 shares of the technology company’s stock worth $767,000 after acquiring an additional 1,003 shares during the period. Finally, Icon Wealth Partners LLC bought a new stake in shares of Liberty Sirius XM Group Series A during the first quarter worth approximately $38,000. Institutional investors own 27.09% of the company’s stock.

A number of brokerages have weighed in on LSXMA. Zacks Investment Research downgraded Liberty Sirius XM Group Series A from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Pivotal Research reissued a “buy” rating and set a $60.00 price target on shares of Liberty Sirius XM Group Series A in a research report on Sunday, May 12th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $60.00.

About Liberty Sirius XM Group Series A

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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