The Liberty SiriusXM Group Forecasted to Earn Q1 2024 Earnings of $0.76 Per Share (NASDAQ:LSXMA)

The Liberty SiriusXM Group (NASDAQ:LSXMA) – Equities researchers at Seaport Res Ptn issued their Q1 2024 earnings per share (EPS) estimates for shares of The Liberty SiriusXM Group in a report issued on Monday, April 29th. Seaport Res Ptn analyst D. Joyce expects that the technology company will earn $0.76 per share for the quarter. Seaport Res Ptn currently has a “Buy” rating on the stock. The consensus estimate for The Liberty SiriusXM Group’s current full-year earnings is $2.12 per share. Seaport Res Ptn also issued estimates for The Liberty SiriusXM Group’s Q2 2024 earnings at $0.86 EPS, Q3 2024 earnings at $0.99 EPS, Q4 2024 earnings at $0.90 EPS and FY2024 earnings at $3.52 EPS.

Separately, Citigroup lowered The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $35.00 to $28.00 in a report on Wednesday, April 24th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.67.

The Liberty SiriusXM Group Stock Performance

Shares of The Liberty SiriusXM Group stock opened at $25.13 on Thursday. The Liberty SiriusXM Group has a 1 year low of $22.01 and a 1 year high of $31.69. The firm’s 50-day simple moving average is $27.58 and its 200-day simple moving average is $27.93.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last posted its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.53 EPS for the quarter. The company had revenue of $2.29 billion for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LSXMA. Central Pacific Bank Trust Division acquired a new position in The Liberty SiriusXM Group during the 1st quarter valued at about $29,000. TFO Wealth Partners LLC boosted its position in shares of The Liberty SiriusXM Group by 70,150.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,405 shares of the technology company’s stock worth $40,000 after buying an additional 1,403 shares during the period. Fidelis Capital Partners LLC bought a new position in The Liberty SiriusXM Group in the 1st quarter worth approximately $94,000. LWM Advisory Services LLC acquired a new stake in The Liberty SiriusXM Group in the 3rd quarter valued at approximately $134,000. Finally, Seizert Capital Partners LLC bought a new stake in The Liberty SiriusXM Group during the 4th quarter valued at $224,000. 28.72% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc bought 1,188,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of $29.39 per share, with a total value of $34,915,320.00. Following the completion of the acquisition, the insider now directly owns 50,682,902 shares of the company’s stock, valued at approximately $1,489,570,489.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have acquired 6,457,501 shares of company stock valued at $179,148,132. Company insiders own 12.47% 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.