The Liberty SiriusXM Group (NASDAQ:LSXMA) CEO Gregory B. Maffei Sells 6,584 Shares

The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Rating) CEO Gregory B. Maffei sold 6,584 shares of the stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $69.52, for a total value of $457,719.68. Following the completion of the transaction, the chief executive officer now owns 945,653 shares in the company, valued at approximately $65,741,796.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

The Liberty SiriusXM Group Stock Performance

NASDAQ LSXMA opened at $26.24 on Friday. The Liberty SiriusXM Group has a 1 year low of $26.05 and a 1 year high of $46.87. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market cap of $8.57 billion, a price-to-earnings ratio of 7.19 and a beta of 1.12. The company has a fifty day moving average price of $35.27 and a 200-day moving average price of $39.06.

The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Rating) last posted its earnings results on Wednesday, March 1st. The technology company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.22. The Liberty SiriusXM Group had a net margin of 14.35% and a return on equity of 6.99%. The firm had revenue of $2.28 billion during the quarter.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Credit Suisse Group reiterated an “outperform” rating and issued a $39.00 price target on shares of The Liberty SiriusXM Group in a report on Thursday, March 9th. Citigroup cut their price target on The Liberty SiriusXM Group from $62.00 to $46.00 and set a “buy” rating on the stock in a report on Monday, March 6th. Benchmark cut their price target on The Liberty SiriusXM Group from $72.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, March 7th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on The Liberty SiriusXM Group from $67.00 to $58.00 in a report on Thursday. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, The Liberty SiriusXM Group currently has an average rating of “Buy” and a consensus target price of $59.00.

Institutional Trading of The Liberty SiriusXM Group

Several institutional investors have recently made changes to their positions in LSXMA. Bank of New York Mellon Corp boosted its holdings in shares of The Liberty SiriusXM Group by 71.5% in the 1st quarter. Bank of New York Mellon Corp now owns 434,172 shares of the technology company’s stock worth $19,846,000 after buying an additional 181,038 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of The Liberty SiriusXM Group by 11.2% in the 1st quarter. Citigroup Inc. now owns 50,221 shares of the technology company’s stock worth $2,295,000 after buying an additional 5,068 shares during the last quarter. MetLife Investment Management LLC purchased a new position in shares of The Liberty SiriusXM Group in the 1st quarter worth about $85,000. BlackRock Inc. boosted its holdings in shares of The Liberty SiriusXM Group by 3.6% in the 1st quarter. BlackRock Inc. now owns 6,170,942 shares of the technology company’s stock worth $282,074,000 after buying an additional 213,037 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of The Liberty SiriusXM Group by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 815,602 shares of the technology company’s stock worth $37,285,000 after buying an additional 2,176 shares during the last quarter. Institutional investors own 29.67% of the company’s stock.

About The Liberty SiriusXM Group

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Liberty Media Corp. engages in the operation of media, communications, and entertainment businesses. It operates through the following segments: Sirius XM Holdings, Formula 1. The Sirius XM Holdings segment refers to the complementary audio entertainment businesses, Sirius XM and Pandora. Sirius XM features music, sports, entertainment, comedy, talk, news, traffic, weather channels, and infotainment services.