The Liberty SiriusXM Group (NASDAQ:LSXMK) Major Shareholder Acquires $10,570,346.66 in Stock

The Liberty SiriusXM Group (NASDAQ:LSXMK) major shareholder Berkshire Hathaway Inc acquired 413,227 shares of the stock in a transaction on Friday, April 12th. The shares were bought at an average price of $25.58 per share, for a total transaction of $10,570,346.66. Following the purchase, the insider now owns 69,044,244 shares in the company, valued at $1,766,151,761.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, April 10th, Berkshire Hathaway Inc acquired 513,104 shares of The Liberty SiriusXM Group stock. The shares were 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 acquired 938,896 shares of The Liberty SiriusXM Group stock. The shares were 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 acquired 1,250,000 shares of The Liberty SiriusXM Group stock. The shares were 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 acquired 189,759 shares of The Liberty SiriusXM Group stock. The shares were 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 acquired 199,664 shares of The Liberty SiriusXM Group stock. The shares were bought 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 purchased 333,916 shares of The Liberty SiriusXM Group stock. The stock was 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 purchased 20,609 shares of The Liberty SiriusXM Group stock. The stock was 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 purchased 521,804 shares of The Liberty SiriusXM Group stock. The stock was acquired at an average price of $29.86 per share, for a total transaction of $15,581,067.44.
• On Wednesday, March 6th, Berkshire Hathaway Inc purchased 1,188,000 shares of The Liberty SiriusXM Group stock. The stock was acquired at an average price of $29.39 per share, for a total transaction of $34,915,320.00.
• On Monday, March 4th, Berkshire Hathaway Inc purchased 234,194 shares of The Liberty SiriusXM Group stock. The stock was acquired at an average price of $28.77 per share, for a total transaction of $6,737,761.38.

The Liberty SiriusXM Group Stock Down 2.7 %

Shares of The Liberty SiriusXM Group stock traded down $0.70 on Friday, hitting $25.42. 2,451,094 shares of the company’s stock traded hands, compared to its average volume of 2,289,537. The Liberty SiriusXM Group has a one year low of $22.24 and a one year high of $31.67. The company has a fifty day moving average of $29.25 and a two-hundred day moving average of $27.94.

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

Analysts Set New Price Targets

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

Institutional Trading of The Liberty SiriusXM Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Almanack Investment Partners LLC. purchased a new stake in shares of The Liberty SiriusXM Group in the third quarter worth approximately $29,000. UniSuper Management Pty Ltd purchased a new stake in shares of The Liberty SiriusXM Group in the second quarter worth approximately $39,000. Ossiam raised its stake in shares of The Liberty SiriusXM Group by 51.7% in the first quarter. Ossiam now owns 1,978 shares of the technology company’s stock worth $55,000 after purchasing an additional 674 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of The Liberty SiriusXM Group by 312.3% in the third quarter. O Shaughnessy Asset Management LLC now owns 2,280 shares of the technology company’s stock worth $58,000 after purchasing an additional 1,727 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of The Liberty SiriusXM Group by 296.7% in the third quarter. Tower Research Capital LLC TRC now owns 2,404 shares of the technology company’s stock valued at $61,000 after acquiring an additional 1,798 shares in the last quarter. 56.58% of the stock is owned by hedge funds and other institutional investors.

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.