Liberty Sirius XM Group Series C (NASDAQ:LSXMK) Stake Boosted by Wetherby Asset Management Inc.

Wetherby Asset Management Inc. increased its stake in Liberty Sirius XM Group Series C (NASDAQ:LSXMK) by 252.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,080 shares of the technology company’s stock after purchasing an additional 95,354 shares during the quarter. Liberty Sirius XM Group Series C makes up 0.6% of Wetherby Asset Management Inc.’s investment portfolio, making the stock its 28th largest holding. Wetherby Asset Management Inc. owned about 0.06% of Liberty Sirius XM Group Series C worth $5,054,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cerebellum GP LLC bought a new position in Liberty Sirius XM Group Series C in the 2nd quarter worth approximately $339,000. Cardan Capital Partners LLC increased its position in Liberty Sirius XM Group Series C by 9.2% in the 2nd quarter. Cardan Capital Partners LLC now owns 62,198 shares of the technology company’s stock worth $2,362,000 after buying an additional 5,245 shares during the period. Oregon Public Employees Retirement Fund increased its position in Liberty Sirius XM Group Series C by 20.9% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 41,711 shares of the technology company’s stock worth $1,584,000 after buying an additional 7,200 shares during the period. Raymond James Trust N.A. increased its position in Liberty Sirius XM Group Series C by 4.5% in the 2nd quarter. Raymond James Trust N.A. now owns 12,192 shares of the technology company’s stock worth $463,000 after buying an additional 523 shares during the period. Finally, First Hawaiian Bank increased its position in Liberty Sirius XM Group Series C by 10.9% in the 2nd quarter. First Hawaiian Bank now owns 42,695 shares of the technology company’s stock worth $1,622,000 after buying an additional 4,197 shares during the period. 78.31% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research downgraded Liberty Sirius XM Group Series C from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 12th.

NASDAQ LSXMK traded down $1.75 during trading on Monday, hitting $40.30. The company’s stock had a trading volume of 47,417 shares, compared to its average volume of 556,545. The business’s 50 day moving average is $39.10. The firm has a market cap of $8.87 billion, a price-to-earnings ratio of 20.32 and a beta of 1.18. Liberty Sirius XM Group Series C has a 52 week low of $34.84 and a 52 week high of $47.75.

Liberty Sirius XM Group Series C (NASDAQ:LSXMK) last issued its quarterly earnings results on Thursday, May 9th. The technology company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.21). The business had revenue of $1.74 billion during the quarter. Sell-side analysts forecast that Liberty Sirius XM Group Series C will post 1.62 EPS for the current year.

About Liberty Sirius XM Group Series C

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.

Further Reading: Preferred Stock

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

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