There was a discernible increase in the number of short positions taken on Liberty SiriusXM Group during February.
The number of shares used as collateral for loans increased by 6.6% from the day before, when there were 2,870,000 shares borrowed against them, to February 28, when there were 3,060,000 shares used as collateral for loans.
The days-to-cover ratio has been calculated using an average trading volume of 984,800 shares, reaching its current value of 3.1 days. 3.3% of the company’s shares are currently being sold on the short market.
Research on LSXMA has been published relatively recently by various brokerage companies.
Benchmark lowered their target price on shares of The Liberty SiriusXM Group from $72.00 to $60.00 and assigned the stock a “buy” rating in a research note published on Tuesday, March 7.
In addition to that, the note mentioned that they recommended “buying” the stock. Credit Suisse Group reaffirmed an “outperform” rating on shares of The Liberty SiriusXM Group and set a target price of $39.00 on the company’s stock in a research note published on Thursday, March 9.
The target price for the company’s stock was also set at that time.
A research report on The Liberty SiriusXM Group published on Monday, March 6, by Citigroup gave the company a “buy” rating. However, even though they lowered their target price on the stock from $62.00 to $46.00, they did not change their rating from “buy” to any other rating.
There have been five separate analyses that have concluded that investors should buy the stock.
According to data provided by Bloomberg, the average price target that analysts have assigned to the company is $61.57 per share, currently rated as a “buy” across the board.
LSXMA shares were first offered for trading on Thursday for $26.54.
The company’s moving average for the previous 200 days is $39.28, while the moving average for the previous 50 days is $35.84.
The company’s market capitalization is currently sitting at $8.67 billion, its P/E ratio is 7.27, and its beta is 1.12.
During the previous year, the price of a subscription to the Liberty SiriusXM Group ranged from $26.07 to $46.87 at its highest point.
A debt-to-equity ratio of 0.78, a current ratio of 0.71, and a quick ratio with the same value all describe the company’s financial situation.
On March 1 of this year, The Liberty SiriusXM Group (NASDAQ: LSXMA) released its most recent quarterly earnings report.
The report was for the previous quarter.
The information technology company announced earnings per share of $0.77 for the quarter, which was $0.22 higher than the average estimate that was compiled by industry analysts technology company announced earnings per share of $0.77 for the quarter, which was $0.22 higher than the average estimate that industry analysts compiled. $2.28 billion was recorded as the company’s total revenue during the period in question.
As evidenced by their 14.35% net margin and 6.99% return on equity, the Liberty SiriusXM Group had a successful performance.
On Friday, March 3, Chairman of Liberty SiriusXM Group John C.
Malone sold 285,320 shares of the company’s stock. Relatedly, this announcement was made.
It was determined that the shares were sold at an average price of $74.95, which resulted in a total revenue of $21,384,734.00 being collected. Following the completion of the acquisition, the chairman now has a total of 3,670,061 shares in the company, which are currently estimated to be worth approximately $275,071,071.95.
If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately.
In other news about the company, on Friday, December 23, Gamco Investors, INC, and others bought 800 shares of the company’s stock. Gamco Investors is the company’s largest shareholder.
The total amount spent on the shares was $26,064, which is based on the fact that each share was purchased for an average price of $32.58.
At present, the insider of the company holds 12,800 shares, valued at $417,024.
The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed by following the link in the previous sentence.
The documentation was provided to the SEC.
Additionally, on March 3, John C.
Malone, the chairman of the board, sold a total of 285,320 shares of company stock. On average, each share was sold for $74.95, and a total of $21,384,734.00 was realized from the sale of the shares.
As a direct result of the transaction, the board’s chairman now has 3,670,061 company shares in his possession, which have a combined value of approximately $275,071,071.95.
Disclosures related to the sale might be found in this website section.
Insiders of the company recently purchased 8,700 shares for a total value of $283,360 and sold 406,370 shares for a total value of $30,359,615; Insiders currently hold 4.02 percent of the total number of shares outstanding in the company.
Recently, several hedge funds and other types of institutional investors have either increased the amount of stock they own in the company or decreased the amount they own overall.
The Trust Financial Corporation increased its stake in The Liberty SiriusXM Group by 92.0% over the final three months of 2018.
The most recent fiscal quarter saw Trust Financial Corp.
Purchase an additional 10,429 technology company shares.
As a result, the company now directly owns 21,759 shares, which are valued at $855,000.
III Capital Management completed the fourth quarter by increasing the proportion of Liberty SiriusXM Group stock owned by 50.0%.
IV Capital Management now has 118,500 shares in the technology company after purchasing an additional 39,500 shares during the most recent quarter.
The value of these shares, taken as a whole, comes to a total of $4,658,000.
The Public Employees Retirement System of Ohio increased the amount of stock in The Liberty SiriusXM Group that is owned by 2.1% during the fourth quarter.
After making an additional investment of 806 shares during the most recent quarter, the Public Employees Retirement System of Ohio now holds a total of 38,471 shares of the technology company’s stock, bringing its total holdings to date.
The current market price of these shares comes to 1,512 thousand dollars.
During the fourth quarter of the fiscal year, Captrust Financial Advisers saw a 91.9% increase in the value of its holdings in The Liberty SiriusXM Group. Following the purchase of an additional 9,318 shares during the preceding quarter, Captrust Financial Advisors now owns 19,454 shares of the stock held by the technology company.
The current market price for each of these shares is $765,000.
And finally, during the fourth and final quarter of 2018, Susquehanna Fundamental Investments LLC opened a new position in The Liberty SiriusXM Group that was estimated to be worth approximately $415,000.
Institutional investors and hedge funds hold 29.67% of the company’s stock.