Stock Traders Buy High Volume of Put Options on The Liberty SiriusXM Group (NASDAQ:LSXMK)

The Liberty SiriusXM Group (NASDAQ:LSXMK) saw unusually large options trading activity on Tuesday. Stock traders bought 2,310 put options on the company. This is an increase of 35% compared to the average daily volume of 1,717 put options.

Insider Transactions at The Liberty SiriusXM Group

In other news, major shareholder Berkshire Hathaway Inc bought 139,132 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The stock was acquired at an average price of $30.99 per share, for a total transaction of $4,311,700.68. Following the transaction, the insider now directly owns 47,471,419 shares of the company’s stock, valued at approximately $1,471,139,274.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders acquired 7,264,095 shares of company stock valued at $207,506,924.

Hedge Funds Weigh In On The Liberty SiriusXM Group

A number of institutional investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can increased its holdings in shares of The Liberty SiriusXM Group by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 131,039 shares of the technology company’s stock valued at $6,355,000 after purchasing an additional 378 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of The Liberty SiriusXM Group by 0.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 46,320 shares of the technology company’s stock valued at $1,376,000 after purchasing an additional 421 shares during the last quarter. Atlas Capital Advisors LLC increased its holdings in shares of The Liberty SiriusXM Group by 5.2% in the first quarter. Atlas Capital Advisors LLC now owns 8,746 shares of the technology company’s stock valued at $260,000 after purchasing an additional 435 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of The Liberty SiriusXM Group by 1.8% in the third quarter. Captrust Financial Advisors now owns 25,553 shares of the technology company’s stock valued at $964,000 after purchasing an additional 449 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of The Liberty SiriusXM Group by 1.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 51,920 shares of the technology company’s stock valued at $1,872,000 after acquiring an additional 497 shares during the period. 56.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th.

The Liberty SiriusXM Group Price Performance

Shares of LSXMK stock opened at $24.20 on Thursday. The company’s fifty day simple moving average is $28.78 and its 200-day simple moving average is $27.97. The Liberty SiriusXM Group has a 12 month low of $22.24 and a 12 month high of $31.67.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last announced its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The business had revenue of $2.29 billion during the quarter.

About The Liberty SiriusXM Group

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.