Liberty Sirius XM Group Series A (NASDAQ:LSXMA) Short Interest Down 6.0% in November

Liberty Sirius XM Group Series A (NASDAQ:LSXMA) saw a significant decline in short interest in November. As of November 15th, there was short interest totalling 5,180,000 shares, a decline of 6.0% from the October 31st total of 5,510,000 shares. Currently, 5.2% of the company’s stock are short sold. Based on an average daily volume of 429,100 shares, the days-to-cover ratio is currently 12.1 days.

LSXMA has been the topic of several recent analyst reports. Zacks Investment Research cut Liberty Sirius XM Group Series A from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 14th. Benchmark initiated coverage on Liberty Sirius XM Group Series A in a research note on Wednesday, October 9th. They set a “buy” rating and a $60.00 price objective on the stock. Credit Suisse Group initiated coverage on Liberty Sirius XM Group Series A in a research note on Wednesday, November 27th. They set an “outperform” rating and a $55.00 price objective on the stock. Pivotal Research restated a “buy” rating and set a $67.00 price objective on shares of Liberty Sirius XM Group Series A in a research note on Sunday, August 11th. Finally, Citigroup upped their price objective on Liberty Sirius XM Group Series A from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $57.67.

In related news, CEO Gregory B. Maffei sold 26,852 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $46.67, for a total value of $1,253,182.84. Also, CEO Gregory B. Maffei sold 18,704 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $48.70, for a total value of $910,884.80. In the last 90 days, insiders have sold 122,528 shares of company stock worth $5,715,819.

A number of hedge funds have recently modified their holdings of the stock. Voloridge Investment Management LLC lifted its position in Liberty Sirius XM Group Series A by 39.1% in the third quarter. Voloridge Investment Management LLC now owns 10,114 shares of the technology company’s stock worth $420,000 after purchasing an additional 2,843 shares during the period. Bluefin Trading LLC lifted its position in shares of Liberty Sirius XM Group Series A by 159.3% during the 3rd quarter. Bluefin Trading LLC now owns 44,705 shares of the technology company’s stock valued at $1,858,000 after acquiring an additional 27,465 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Liberty Sirius XM Group Series A by 1.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 27,242 shares of the technology company’s stock valued at $1,132,000 after acquiring an additional 307 shares during the last quarter. Cowen Investment Management LLC acquired a new stake in shares of Liberty Sirius XM Group Series A during the 3rd quarter valued at $7,437,000. Finally, California State Teachers Retirement System lifted its position in shares of Liberty Sirius XM Group Series A by 0.3% during the 3rd quarter. California State Teachers Retirement System now owns 139,130 shares of the technology company’s stock valued at $5,784,000 after acquiring an additional 458 shares during the last quarter. 27.59% of the stock is owned by institutional investors and hedge funds.

Shares of LSXMA stock opened at $48.70 on Monday. Liberty Sirius XM Group Series A has a 12-month low of $34.92 and a 12-month high of $48.96. The firm has a market capitalization of $15.42 billion, a price-to-earnings ratio of 24.23 and a beta of 1.20. The business has a 50 day simple moving average of $45.32 and a 200 day simple moving average of $40.88. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.50 and a quick ratio of 0.50.

Liberty Sirius XM Group Series A Company 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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