The Liberty SiriusXM Group (NASDAQ:LSXMA) Shares Down 3.8%

The Liberty SiriusXM Group (NASDAQ:LSXMAGet Free Report)’s share price was down 3.8% on Monday . The company traded as low as $22.34 and last traded at $22.34. Approximately 781,437 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 1,593,109 shares. The stock had previously closed at $23.22.

Analyst Ratings Changes

LSXMA has been the topic of a number of research reports. Evercore ISI reaffirmed an “in-line” rating and set a $27.00 target price (down from $36.00) on shares of The Liberty SiriusXM Group in a research report on Monday, June 24th. Citigroup lowered shares of The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $35.00 to $28.00 in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of The Liberty SiriusXM Group from $34.00 to $31.50 and set a “buy” rating on the stock in a research report on Monday, June 17th. Finally, Seaport Res Ptn raised shares of The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a report on Monday, April 29th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, The Liberty SiriusXM Group presently has a consensus rating of “Moderate Buy” and an average target price of $31.13.

Get Our Latest Stock Report on LSXMA

The Liberty SiriusXM Group Price Performance

The company’s fifty day moving average is $22.74 and its 200-day moving average is $26.77. The stock has a market cap of $7.41 billion and a PE ratio of 9.33.

The Liberty SiriusXM Group (NASDAQ:LSXMAGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.05). The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. Analysts expect that The Liberty SiriusXM Group will post 2.49 EPS for the current year.

Insider Buying and Selling at The Liberty SiriusXM Group

In related news, major shareholder Berkshire Hathaway Inc acquired 123,388 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The shares were purchased at an average cost of $25.22 per share, for a total transaction of $3,111,845.36. Following the acquisition, the insider now owns 34,805,607 shares in the company, valued at approximately $877,797,408.54. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Chairman John C. Malone sold 139,065 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $68.98, for a total transaction of $9,592,703.70. Following the sale, the chairman now directly owns 2,401,365 shares of the company’s stock, valued at approximately $165,646,157.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Berkshire Hathaway Inc bought 123,388 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The shares were acquired at an average cost of $25.22 per share, for a total transaction of $3,111,845.36. Following the completion of the purchase, the insider now owns 34,805,607 shares in the company, valued at $877,797,408.54. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 1,067,555 shares of company stock valued at $26,983,738 and sold 282,072 shares valued at $17,749,275. 0.09% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On The Liberty SiriusXM Group

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of The Liberty SiriusXM Group by 46.6% in the 3rd quarter. Vanguard Group Inc. now owns 10,744,552 shares of the technology company’s stock valued at $273,449,000 after purchasing an additional 3,416,321 shares during the last quarter. UBS Group AG increased its position in shares of The Liberty SiriusXM Group by 769.2% in the 4th quarter. UBS Group AG now owns 1,402,409 shares of the technology company’s stock valued at $40,305,000 after purchasing an additional 1,241,057 shares during the last quarter. Boussard & Gavaudan Investment Management LLP acquired a new position in shares of The Liberty SiriusXM Group in the 4th quarter valued at $22,217,000. Norges Bank acquired a new position in shares of The Liberty SiriusXM Group in the 4th quarter valued at $16,397,000. Finally, Cadian Capital Management LP boosted its holdings in shares of The Liberty SiriusXM Group by 35.2% in the 4th quarter. Cadian Capital Management LP now owns 1,474,376 shares of the technology company’s stock valued at $42,374,000 after buying an additional 384,000 shares in the last quarter. 28.72% of the stock is owned by hedge funds and other institutional investors.

About The Liberty SiriusXM Group

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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.

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