Short Interest in The Liberty SiriusXM Group (NASDAQ:LSXMA) Declines By 11.6%

The Liberty SiriusXM Group (NASDAQ:LSXMA) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 3,440,000 shares, a decrease of 11.6% from the July 15th total of 3,890,000 shares. Based on an average daily volume of 1,360,000 shares, the short-interest ratio is presently 2.5 days. Approximately 3.6% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of analysts recently commented on LSXMA shares. Citigroup downgraded shares of The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $35.00 to $28.00 in a report on Wednesday, April 24th. Evercore ISI reiterated an “in-line” rating and set a $27.00 price objective (down previously from $36.00) on shares of The Liberty SiriusXM Group in a research report on Monday, June 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on The Liberty SiriusXM Group from $34.00 to $31.50 and set a “buy” rating for the company in a research note on Monday, June 17th. Benchmark reaffirmed a “buy” rating and set a $54.00 target price on shares of The Liberty SiriusXM Group in a research report on Monday, August 12th. Finally, Seaport Res Ptn upgraded The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, The Liberty SiriusXM Group currently has an average rating of “Moderate Buy” and a consensus price target of $35.13.

The Liberty SiriusXM Group Trading Up 0.3 %

Shares of NASDAQ LSXMA opened at $22.02 on Monday. The Liberty SiriusXM Group has a one year low of $20.13 and a one year high of $31.69. The business has a 50-day moving average price of $22.01 and a two-hundred day moving average price of $25.21. The firm has a market capitalization of $7.19 billion and a PE ratio of 9.06.

Insiders Place Their Bets

In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc sold 52,911 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $34.06, for a total value of $1,802,148.66. Following the completion of the sale, the insider now directly owns 4,999,007 shares in the company, valued at $170,266,178.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.09% of the stock is currently owned by insiders.

Institutional Trading of The Liberty SiriusXM Group

Institutional investors have recently made changes to their positions in the stock. Strs Ohio acquired a new position in The Liberty SiriusXM Group during the fourth quarter worth $1,484,000. abrdn plc raised its stake in shares of The Liberty SiriusXM Group by 112.7% in the 4th quarter. abrdn plc now owns 24,367 shares of the technology company’s stock valued at $680,000 after acquiring an additional 12,912 shares in the last quarter. Capital Management Corp VA acquired a new stake in The Liberty SiriusXM Group in the 4th quarter worth approximately $1,841,000. Illinois Municipal Retirement Fund boosted its position in The Liberty SiriusXM Group by 24.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 97,020 shares of the technology company’s stock worth $2,788,000 after purchasing an additional 19,018 shares during the period. Finally, Wilbanks Smith & Thomas Asset Management LLC acquired a new position in The Liberty SiriusXM Group during the fourth quarter valued at approximately $519,000. 28.72% of the stock is currently owned by institutional investors and hedge funds.

The Liberty SiriusXM Group Company Profile

The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States, the United Kingdom, and internationally. It features music, sports, entertainment, comedy, talk, news, traffic, weather channels, podcast, and infotainment services through proprietary satellite radio systems, as well as streamed through SXM App for mobile and home devices, and other consumer electronic equipment.