Nomura Asset Management Co. Ltd. lifted its position in shares of Liberty Sirius XM Group Series A (NASDAQ:LSXMA) by 28.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,801 shares of the technology company’s stock after purchasing an additional 3,471 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Liberty Sirius XM Group Series A were worth $581,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. TLP Group LLC purchased a new stake in Liberty Sirius XM Group Series A during the third quarter worth about $125,000. Oppenheimer Asset Management Inc. purchased a new stake in Liberty Sirius XM Group Series A during the fourth quarter worth about $112,000. Ancora Advisors LLC purchased a new stake in Liberty Sirius XM Group Series A during the third quarter worth about $140,000. Loeb Partners Corp purchased a new stake in Liberty Sirius XM Group Series A during the fourth quarter worth about $131,000. Finally, Bank of Montreal Can increased its holdings in Liberty Sirius XM Group Series A by 14.7% during the fourth quarter. Bank of Montreal Can now owns 4,052 shares of the technology company’s stock worth $149,000 after buying an additional 520 shares during the last quarter. 27.13% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research upgraded shares of Liberty Sirius XM Group Series A from a “sell” rating to a “hold” rating in a report on Saturday, December 1st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $59.13.
In other news, insider Richard N. Baer sold 19,988 shares of Liberty Sirius XM Group Series A stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $41.51, for a total value of $829,701.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
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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 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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