Is Liberty Sirius XM Group (LSXMK) A Good Stock To Buy?

Consequently, key hedge funds have been driving this bullishness. Ascend Capital, led by Malcolm Fairbairn, assembled the most outsized position in Liberty Sirius XM Group (NASDAQ:LSXMK). Ascend Capital had $17 million invested in the company at the end of the quarter. Tim Mullen’s Swift Run Capital Management also made a $7 million investment in the stock during the quarter. The other funds with brand new LSXMK positions are Ian Cumming and Joseph Steinberg’s Leucadia National, Andrew Feldstein and Stephen Siderow’s Blue Mountain Capital, and John A. Levin’s Levin Capital Strategies.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Liberty Sirius XM Group (NASDAQ:LSXMK) but similarly valued. We will take a look at Liberty Sirius XM Group (NASDAQ:LSXMA), NASDAQ OMX Group, Inc. (NASDAQ:NDAQ), Cemex SAB de CV (ADR) (NYSE:CX), and Mettler-Toledo International Inc. (NYSE:MTD). All of these stocks’ market caps are similar to LSXMK’s market cap.

As you can see these stocks had an average of 26 hedge funds with bullish positions and the average amount invested in these stocks was $605 million. That figure was $2302 million in LSXMK’s case. Liberty Sirius XM Group (NASDAQ:LSXMA) is the most popular stock in this table. On the other hand Mettler-Toledo International Inc. (NYSE:MTD) is the least popular one with only 21 bullish hedge fund positions. Compared to these stocks Liberty Sirius XM Group (NASDAQ:LSXMK) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.