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

The Liberty SiriusXM Group (NASDAQ:LSXMA) was the recipient of a large decrease in short interest during 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. Currently, 3.6% of the shares of the stock are sold short. Based on an average daily volume of 1,360,000 shares, the short-interest ratio is currently 2.5 days.

The Liberty SiriusXM Group Stock Performance

NASDAQ:LSXMA opened at $22.02 on Monday. The stock has a market capitalization of $7.19 billion and a P/E ratio of 9.06. The company has a 50 day moving average price of $22.01 and a 200 day moving average price of $25.21. The Liberty SiriusXM Group has a fifty-two week low of $20.13 and a fifty-two week high of $31.69.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc sold 52,911 shares of the stock in a transaction dated Thursday, June 13th. The shares were 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 owns 4,999,007 shares in the company, valued at approximately $170,266,178.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On The Liberty SiriusXM Group

Hedge funds have recently made changes to their positions in the stock. Central Pacific Bank Trust Division purchased a new position in shares of The Liberty SiriusXM Group during the 1st quarter worth approximately $29,000. Beach Investment Counsel Inc. PA purchased a new position in The Liberty SiriusXM Group in the 2nd quarter valued at approximately $30,000. Daiwa Securities Group Inc. purchased a new position in The Liberty SiriusXM Group in the 2nd quarter valued at approximately $35,000. TFO Wealth Partners LLC boosted its position in The Liberty SiriusXM Group by 70,150.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,405 shares of the technology company’s stock valued at $40,000 after buying an additional 1,403 shares during the period. Finally, Fidelis Capital Partners LLC purchased a new position in The Liberty SiriusXM Group in the 1st quarter valued at approximately $94,000. Hedge funds and other institutional investors own 28.72% of the company’s stock.

About The Liberty SiriusXM Group

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.