Readystate Asset Management LP Makes New Investment in The Liberty SiriusXM Group (NASDAQ:LSXMK)

Readystate Asset Management LP bought a new position in The Liberty SiriusXM Group (NASDAQ:LSXMK) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 64,208 shares of the technology company’s stock, valued at approximately $1,848,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LSXMK. Great West Life Assurance Co. Can grew its stake in shares of The Liberty SiriusXM Group by 0.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 131,039 shares of the technology company’s stock valued at $6,355,000 after buying an additional 378 shares during the period. Captrust Financial Advisors grew its stake in shares of The Liberty SiriusXM Group by 1.8% during the 3rd quarter. Captrust Financial Advisors now owns 25,553 shares of the technology company’s stock valued at $964,000 after buying an additional 449 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of The Liberty SiriusXM Group by 1.0% during the 2nd 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 in the last quarter. US Bancorp DE lifted its holdings in shares of The Liberty SiriusXM Group by 6.4% during the 4th quarter. US Bancorp DE now owns 9,419 shares of the technology company’s stock valued at $271,000 after acquiring an additional 563 shares in the last quarter. Finally, Weik Capital Management lifted its holdings in shares of The Liberty SiriusXM Group by 1.2% during the 1st quarter. Weik Capital Management now owns 48,561 shares of the technology company’s stock valued at $2,221,000 after acquiring an additional 595 shares in the last quarter. 56.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

The Liberty SiriusXM Group Stock Performance

Shares of NASDAQ:LSXMK traded down $0.26 during midday trading on Wednesday, hitting $24.20. 1,773,556 shares of the company’s stock traded hands, compared to its average volume of 2,279,075. The Liberty SiriusXM Group has a twelve month low of $22.24 and a twelve month high of $31.67. The firm’s fifty day moving average price is $28.78 and its two-hundred day moving average price is $27.97.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last issued 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 firm had revenue of $2.29 billion during the quarter.

Insiders Place Their Bets

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