Insider Buying: The Liberty SiriusXM Group (NASDAQ:LSXMK) Major Shareholder Buys 219,303 Shares of Stock

The Liberty SiriusXM Group (NASDAQ:LSXMK) major shareholder Berkshire Hathaway Inc purchased 219,303 shares of The Liberty SiriusXM Group stock in a transaction dated Friday, April 26th. The stock was bought at an average price of $24.46 per share, for a total transaction of $5,364,151.38. Following the completion of the transaction, the insider now directly owns 35,182,219 shares in the company, valued at $860,557,076.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Berkshire Hathaway Inc also recently made the following trade(s):

• On Wednesday, April 24th, Berkshire Hathaway Inc purchased 123,388 shares of The Liberty SiriusXM Group stock. The stock was bought at an average price of $25.22 per share, for a total transaction of $3,111,845.36.
• On Friday, April 12th, Berkshire Hathaway Inc purchased 413,227 shares of The Liberty SiriusXM Group stock. The stock was bought at an average price of $25.58 per share, for a total transaction of $10,570,346.66.
• On Wednesday, April 10th, Berkshire Hathaway Inc purchased 513,104 shares of The Liberty SiriusXM Group stock. The stock was bought at an average price of $25.96 per share, for a total transaction of $13,320,179.84.
• On Monday, April 8th, Berkshire Hathaway Inc purchased 938,896 shares of The Liberty SiriusXM Group stock. The stock was bought at an average price of $26.98 per share, for a total transaction of $25,331,414.08.
• On Thursday, April 4th, Berkshire Hathaway Inc purchased 1,250,000 shares of The Liberty SiriusXM Group stock. The stock was bought at an average price of $27.76 per share, for a total transaction of $34,700,000.00.
• On Wednesday, March 27th, Berkshire Hathaway Inc purchased 189,759 shares of The Liberty SiriusXM Group stock. The stock was bought at an average price of $29.25 per share, for a total transaction of $5,550,450.75.
• On Monday, March 25th, Berkshire Hathaway Inc bought 199,664 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average price of $28.82 per share, for a total transaction of $5,754,316.48.
• On Thursday, March 21st, Berkshire Hathaway Inc bought 333,916 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average price of $28.92 per share, for a total transaction of $9,656,850.72.
• On Monday, March 11th, Berkshire Hathaway Inc bought 20,609 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average price of $29.94 per share, for a total transaction of $617,033.46.
• On Friday, March 8th, Berkshire Hathaway Inc bought 521,804 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average price of $29.86 per share, for a total transaction of $15,581,067.44.

The Liberty SiriusXM Group Price Performance

LSXMK opened at $24.27 on Friday. The business’s 50-day moving average price is $28.01 and its two-hundred day moving average price is $27.94. The Liberty SiriusXM Group has a 1 year low of $22.24 and a 1 year high of $31.67.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last released its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. The firm had revenue of $2.29 billion during the quarter.

Analyst Ratings Changes

Separately, StockNews.com upgraded The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th.

Institutional Trading of The Liberty SiriusXM Group

Several hedge funds and other institutional investors have recently modified their holdings of LSXMK. Principal Securities Inc. acquired a new stake in shares of The Liberty SiriusXM Group in the 4th quarter valued at about $66,000. TFO Wealth Partners LLC raised its stake in shares of The Liberty SiriusXM Group by 43,283.3% in the 4th quarter. TFO Wealth Partners LLC now owns 2,603 shares of the technology company’s stock valued at $75,000 after purchasing an additional 2,597 shares during the period. Signaturefd LLC increased its position in shares of The Liberty SiriusXM Group by 52.9% in the third quarter. Signaturefd LLC now owns 3,326 shares of the technology company’s stock valued at $85,000 after acquiring an additional 1,151 shares during the last quarter. Headlands Technologies LLC increased its position in shares of The Liberty SiriusXM Group by 615.9% in the fourth quarter. Headlands Technologies LLC now owns 3,379 shares of the technology company’s stock valued at $97,000 after acquiring an additional 2,907 shares during the last quarter. Finally, Equitec Proprietary Markets LLC acquired a new stake in shares of The Liberty SiriusXM Group in the first quarter valued at about $123,000. Institutional investors and hedge funds own 56.58% of the company’s stock.

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.