Illinois Municipal Retirement Fund Increases Position in The Liberty SiriusXM Group (NASDAQ:LSXMA)

Illinois Municipal Retirement Fund raised its holdings in shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) by 24.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 97,020 shares of the technology company’s stock after purchasing an additional 19,018 shares during the period. Illinois Municipal Retirement Fund’s holdings in The Liberty SiriusXM Group were worth $2,788,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Segantii Capital Management Ltd bought a new position in The Liberty SiriusXM Group during the 3rd quarter valued at approximately $19,088,000. Vanguard Group Inc. increased its holdings in shares of The Liberty SiriusXM Group by 46.6% during the third quarter. Vanguard Group Inc. now owns 10,744,552 shares of the technology company’s stock valued at $273,449,000 after acquiring an additional 3,416,321 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of The Liberty SiriusXM Group in the 3rd quarter worth about $4,925,000. Alpine Global Management LLC boosted its stake in The Liberty SiriusXM Group by 10.7% in the 3rd quarter. Alpine Global Management LLC now owns 235,065 shares of the technology company’s stock worth $5,982,000 after purchasing an additional 22,725 shares in the last quarter. Finally, Lazard Asset Management LLC grew its position in The Liberty SiriusXM Group by 55,885.2% during the 3rd quarter. Lazard Asset Management LLC now owns 15,116 shares of the technology company’s stock valued at $384,000 after purchasing an additional 15,089 shares during the last quarter. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at The Liberty SiriusXM Group

In related news, major shareholder Berkshire Hathaway Inc bought 175,827 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was acquired at an average cost of $30.70 per share, for a total transaction of $5,397,888.90. Following the purchase, the insider now owns 48,499,472 shares in the company, valued at $1,488,933,790.40. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders purchased 6,474,739 shares of company stock worth $183,064,288 over the last three months. 12.47% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Citigroup cut shares of The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $35.00 to $28.00 in a report on Wednesday.

The Liberty SiriusXM Group Price Performance

The Liberty SiriusXM Group stock opened at $25.23 on Thursday. The Liberty SiriusXM Group has a 12 month low of $22.01 and a 12 month high of $31.69. The stock has a fifty day simple moving average of $28.33 and a two-hundred day simple moving average of $28.00.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last released its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.53 EPS for the quarter. The business had revenue of $2.29 billion during the quarter. Analysts expect that The Liberty SiriusXM Group will post 1.41 earnings per share for the current fiscal year.

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.