The Liberty SiriusXM Group (NASDAQ:LSXMK) Trading 3.1% Higher

The Liberty SiriusXM Group (NASDAQ:LSXMKGet Free Report)’s share price traded up 3.1% on Friday . The stock traded as high as $21.06 and last traded at $21.02. 2,275,385 shares traded hands during mid-day trading, an increase of 0% from the average session volume of 2,273,696 shares. The stock had previously closed at $20.38.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LSXMK shares. 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. StockNews.com upgraded The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.00.

View Our Latest Stock Report on LSXMK

The Liberty SiriusXM Group Trading Up 2.7 %

The company has a fifty day moving average price of $23.88 and a 200-day moving average price of $27.39. The firm has a market capitalization of $6.84 billion and a price-to-earnings ratio of 8.58.

The Liberty SiriusXM Group (NASDAQ:LSXMKGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.05). The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion.

Insider Buying and Selling at The Liberty SiriusXM Group

In related news, Chairman John C. Malone sold 89,951 shares of The Liberty SiriusXM Group stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $70.53, for a total value of $6,344,244.03. Following the sale, the chairman now owns 2,540,430 shares of the company’s stock, valued at approximately $179,176,527.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Chairman John C. Malone sold 139,065 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $68.98, for a total value of $9,592,703.70. Following the completion of the transaction, the chairman now directly owns 2,401,365 shares in the company, valued at approximately $165,646,157.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman John C. Malone sold 89,951 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $70.53, for a total transaction of $6,344,244.03. Following the completion of the transaction, the chairman now owns 2,540,430 shares of the company’s stock, valued at approximately $179,176,527.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 4,492,894 shares of company stock valued at $121,296,950 and have sold 229,161 shares valued at $15,947,127. Insiders own 12.47% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LSXMK. Vanguard Group Inc. raised its holdings in The Liberty SiriusXM Group by 11.2% during the first quarter. Vanguard Group Inc. now owns 15,405,871 shares of the technology company’s stock worth $457,708,000 after buying an additional 1,554,904 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in The Liberty SiriusXM Group by 4.4% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 3,205,655 shares of the technology company’s stock valued at $92,259,000 after purchasing an additional 135,472 shares during the period. Norges Bank bought a new position in The Liberty SiriusXM Group during the fourth quarter worth about $60,012,000. Adage Capital Partners GP L.L.C. grew its holdings in shares of The Liberty SiriusXM Group by 14.6% during the third quarter. Adage Capital Partners GP L.L.C. now owns 1,881,543 shares of the technology company’s stock worth $47,904,000 after purchasing an additional 239,744 shares in the last quarter. Finally, Cadian Capital Management LP increased its stake in The Liberty SiriusXM Group by 39.4% in the fourth quarter. Cadian Capital Management LP now owns 1,751,008 shares of the technology company’s stock valued at $50,394,000 after acquiring an additional 495,000 shares during the last quarter. Institutional investors and hedge funds own 56.58% of the company’s stock.

About The Liberty SiriusXM Group

(Get 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.

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