Liberty Sirius XM Group Series C (LSXMK) Shares Sold by Principal Financial Group Inc.

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Principal Financial Group Inc. lessened its stake in Liberty Sirius XM Group Series C (NASDAQ:LSXMK) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,325,001 shares of the technology company’s stock after selling 181,812 shares during the period. Principal Financial Group Inc. owned 2.01% of Liberty Sirius XM Group Series C worth $159,938,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Manikay Partners LLC raised its holdings in Liberty Sirius XM Group Series C by 53.8% in the 4th quarter. Manikay Partners LLC now owns 500,000 shares of the technology company’s stock valued at $18,490,000 after acquiring an additional 175,000 shares during the last quarter. Stone Ridge Asset Management LLC raised its holdings in Liberty Sirius XM Group Series C by 200.5% in the 4th quarter. Stone Ridge Asset Management LLC now owns 42,152 shares of the technology company’s stock valued at $1,558,000 after acquiring an additional 28,126 shares during the last quarter. Nomura Holdings Inc. raised its holdings in Liberty Sirius XM Group Series C by 169.0% in the 4th quarter. Nomura Holdings Inc. now owns 260,540 shares of the technology company’s stock valued at $9,628,000 after acquiring an additional 163,690 shares during the last quarter. RMB Capital Management LLC raised its holdings in Liberty Sirius XM Group Series C by 3,904.5% in the 4th quarter. RMB Capital Management LLC now owns 216,123 shares of the technology company’s stock valued at $7,993,000 after acquiring an additional 210,726 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Liberty Sirius XM Group Series C by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 1,950,482 shares of the technology company’s stock valued at $72,080,000 after acquiring an additional 102,171 shares during the last quarter. Hedge funds and other institutional investors own 80.21% of the company’s stock.

Several brokerages have weighed in on LSXMK. Zacks Investment Research downgraded Liberty Sirius XM Group Series C from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 30th. Morgan Stanley restated an “overweight” rating and set a $51.00 price objective on shares of Liberty Sirius XM Group Series C in a report on Friday.

LSXMK stock opened at $41.11 on Tuesday. The firm has a market cap of $8.82 billion, a PE ratio of 20.45 and a beta of 1.20. Liberty Sirius XM Group Series C has a 52 week low of $34.84 and a 52 week high of $48.56.

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Liberty Sirius XM Group Series C 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 Sirius XM on Demand over its Internet radio service through applications for mobile and home devices, and other consumer electronic equipment.

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Institutional Ownership by Quarter for Liberty Sirius XM Group Series C (NASDAQ:LSXMK)

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