The Liberty SiriusXM Group (NASDAQ:LSXMK) Holdings Cut by Gabelli Funds LLC

Gabelli Funds LLC lowered its stake in shares of The Liberty SiriusXM Group (NASDAQ:LSXMKFree Report) by 16.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 781,352 shares of the technology company’s stock after selling 151,000 shares during the quarter. Gabelli Funds LLC owned about 0.24% of The Liberty SiriusXM Group worth $22,487,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Principal Securities Inc. bought a new stake in shares of The Liberty SiriusXM Group during the fourth quarter worth approximately $66,000. TFO Wealth Partners LLC boosted its position in The Liberty SiriusXM Group by 43,283.3% during the fourth quarter. TFO Wealth Partners LLC now owns 2,603 shares of the technology company’s stock worth $75,000 after purchasing an additional 2,597 shares during the period. Headlands Technologies LLC boosted its stake in The Liberty SiriusXM Group by 615.9% in the 4th quarter. Headlands Technologies LLC now owns 3,379 shares of the technology company’s stock valued at $97,000 after purchasing an additional 2,907 shares during the period. Sequoia Financial Advisors LLC bought a new stake in The Liberty SiriusXM Group in the 3rd quarter valued at about $178,000. Finally, CI Investments Inc. increased its position in shares of The Liberty SiriusXM Group by 3,206.0% in the third quarter. CI Investments Inc. now owns 7,108 shares of the technology company’s stock worth $181,000 after purchasing an additional 6,893 shares during the period. 56.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LSXMK. Seaport Res Ptn raised The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. StockNews.com raised The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, The Liberty SiriusXM Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.00.

View Our Latest Report on The Liberty SiriusXM Group

The Liberty SiriusXM Group Stock Performance

LSXMK traded down $0.14 on Wednesday, reaching $20.89. The company had a trading volume of 2,204,447 shares, compared to its average volume of 2,285,454. The business has a 50 day simple moving average of $24.82 and a 200 day simple moving average of $27.64. The Liberty SiriusXM Group has a 52-week low of $20.78 and a 52-week high of $31.67. The company has a market cap of $6.82 billion and a price-to-earnings ratio of 8.60.

The Liberty SiriusXM Group (NASDAQ:LSXMKGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.05). The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. As a group, equities research analysts predict that The Liberty SiriusXM Group will post 3.52 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Berkshire Hathaway Inc bought 521,804 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was acquired at an average cost of $29.86 per share, for a total transaction of $15,581,067.44. Following the purchase, the insider now owns 25,753,346 shares in the company, valued at $768,994,911.56. The acquisition was disclosed in a filing with the SEC, which is available through this link. In related news, Chairman John C. Malone sold 89,951 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $70.53, for a total transaction of $6,344,244.03. Following the completion of the sale, the chairman now owns 2,540,430 shares in the company, valued at $179,176,527.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Berkshire Hathaway Inc bought 521,804 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were bought at an average cost of $29.86 per share, with a total value of $15,581,067.44. Following the completion of the purchase, the insider now directly owns 25,753,346 shares of the company’s stock, valued at approximately $768,994,911.56. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 5,035,307 shares of company stock worth $137,495,051 and sold 229,103 shares worth $15,940,449.

The Liberty SiriusXM Group Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for The Liberty SiriusXM Group (NASDAQ:LSXMK)

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