Berkshire Hathaway Inc Purchases 123,388 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) Stock

The Liberty SiriusXM Group (NASDAQ:LSXMK) major shareholder Berkshire Hathaway Inc purchased 123,388 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was 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 $877,797,408.54. The transaction 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 shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, April 26th, Berkshire Hathaway Inc bought 219,303 shares of The Liberty SiriusXM Group stock. The shares were bought at an average cost of $24.46 per share, for a total transaction of $5,364,151.38.
• On Friday, April 12th, Berkshire Hathaway Inc bought 413,227 shares of The Liberty SiriusXM Group stock. The shares were bought at an average cost of $25.58 per share, for a total transaction of $10,570,346.66.
• On Wednesday, April 10th, Berkshire Hathaway Inc bought 513,104 shares of The Liberty SiriusXM Group stock. The shares were bought at an average cost of $25.96 per share, for a total transaction of $13,320,179.84.
• On Monday, April 8th, Berkshire Hathaway Inc bought 938,896 shares of The Liberty SiriusXM Group stock. The shares were bought at an average cost of $26.98 per share, for a total transaction of $25,331,414.08.
• On Thursday, April 4th, Berkshire Hathaway Inc purchased 1,250,000 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average cost of $27.76 per share, with a total value of $34,700,000.00.
• On Wednesday, March 27th, Berkshire Hathaway Inc purchased 189,759 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average cost of $29.25 per share, with a total value of $5,550,450.75.
• On Monday, March 25th, Berkshire Hathaway Inc purchased 199,664 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average cost of $28.82 per share, with a total value of $5,754,316.48.
• On Thursday, March 21st, Berkshire Hathaway Inc purchased 333,916 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average cost of $28.92 per share, with a total value of $9,656,850.72.
• On Monday, March 11th, Berkshire Hathaway Inc purchased 20,609 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average cost of $29.94 per share, with a total value of $617,033.46.
• On Friday, March 8th, Berkshire Hathaway Inc bought 521,804 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average cost of $29.86 per share, with a total value of $15,581,067.44.

The Liberty SiriusXM Group Stock Down 0.5 %

Shares of LSXMK traded down $0.13 during mid-day trading on Friday, hitting $24.27. 1,835,033 shares of the company traded hands, compared to its average volume of 2,275,968. The stock has a 50-day moving average price of $28.01 and a two-hundred day moving average price of $27.94. The Liberty SiriusXM Group has a 1 year low of $22.24 and a 1 year high of $31.67.

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Principal Securities Inc. bought a new stake in The Liberty SiriusXM Group during the fourth quarter valued at approximately $66,000. TFO Wealth Partners LLC grew 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 valued at $75,000 after buying an additional 2,597 shares during the period. Signaturefd LLC grew its position in The Liberty SiriusXM Group by 52.9% during the third quarter. Signaturefd LLC now owns 3,326 shares of the technology company’s stock valued at $85,000 after buying an additional 1,151 shares during the period. Headlands Technologies LLC grew its position in The Liberty SiriusXM Group by 615.9% during the fourth quarter. Headlands Technologies LLC now owns 3,379 shares of the technology company’s stock valued at $97,000 after buying an additional 2,907 shares during the period. Finally, Equitec Proprietary Markets LLC bought a new stake in The Liberty SiriusXM Group during the first quarter valued at approximately $123,000. 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.