Ropes Wealth Advisors LLC Has $72,000 Stake in Liberty Sirius XM Group Series C (NASDAQ:LSXMK)

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Ropes Wealth Advisors LLC decreased its holdings in shares of Liberty Sirius XM Group Series C (NASDAQ:LSXMK) by 21.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,888 shares of the technology company’s stock after selling 520 shares during the quarter. Ropes Wealth Advisors LLC’s holdings in Liberty Sirius XM Group Series C were worth $72,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in LSXMK. Massey Quick Simon & CO. LLC acquired a new stake in Liberty Sirius XM Group Series C in the first quarter valued at $25,000. Advisory Alpha LLC acquired a new stake in Liberty Sirius XM Group Series C in the first quarter valued at $31,000. Hexavest Inc. acquired a new stake in Liberty Sirius XM Group Series C in the second quarter valued at $37,000. Financial Gravity Wealth Inc. lifted its stake in Liberty Sirius XM Group Series C by 302.3% in the second quarter. Financial Gravity Wealth Inc. now owns 1,062 shares of the technology company’s stock valued at $40,000 after acquiring an additional 798 shares during the last quarter. Finally, Icon Wealth Partners LLC acquired a new stake in Liberty Sirius XM Group Series C in the first quarter valued at $78,000. Institutional investors and hedge funds own 77.92% of the company’s stock.

Separately, Zacks Investment Research cut shares of Liberty Sirius XM Group Series C from a “strong-buy” rating to a “hold” rating in a research note on Wednesday.

LSXMK stock traded down $0.50 during trading hours on Wednesday, reaching $40.03. The stock had a trading volume of 14,086 shares, compared to its average volume of 720,454. The company has a market capitalization of $8.69 billion, a PE ratio of 19.92 and a beta of 1.18. The company’s 50-day moving average is $39.96. Liberty Sirius XM Group Series C has a fifty-two week low of $34.84 and a fifty-two week high of $47.75.

About Liberty Sirius XM Group Series C

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 streaming services through applications for mobile and home devices, and other consumer electronic equipment, as well as online.

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

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