Vanguard Group Inc. Has $321.89 Million Position in The Liberty SiriusXM Group (NASDAQ:LSXMK)

Vanguard Group Inc. lowered its stake in The Liberty SiriusXM Group (NASDAQ:LSXMK) by 14.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,642,843 shares of the technology company’s stock after selling 2,099,036 shares during the period. Vanguard Group Inc. owned 3.87% of The Liberty SiriusXM Group worth $321,887,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Graham Capital Management L.P. acquired a new stake in The Liberty SiriusXM Group during the 3rd quarter worth $1,485,000. Comerica Bank acquired a new stake in The Liberty SiriusXM Group during the 3rd quarter worth $814,000. Wolverine Trading LLC acquired a new stake in The Liberty SiriusXM Group during the 3rd quarter worth $790,000. Morgan Stanley grew its holdings in The Liberty SiriusXM Group by 11.9% during the 3rd quarter. Morgan Stanley now owns 1,285,404 shares of the technology company’s stock worth $32,726,000 after acquiring an additional 136,451 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in The Liberty SiriusXM Group during the 3rd quarter worth $284,000. Institutional investors and hedge funds own 56.58% of the company’s stock.

Wall Street Analyst Weigh In

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.

The Liberty SiriusXM Group Price Performance

Shares of LSXMK stock opened at $29.52 on Thursday. The Liberty SiriusXM Group has a 12-month low of $22.24 and a 12-month high of $31.67. The firm has a fifty day moving average of $29.94 and a 200-day moving average of $27.60.

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

Insider Activity

In related news, major shareholder Berkshire Hathaway Inc bought 469,563 shares of The Liberty SiriusXM Group stock in a transaction that occurred on Friday, January 12th. The stock was purchased at an average cost of $30.40 per share, with a total value of $14,274,715.20. Following the purchase, the insider now owns 21,767,997 shares in the company, valued at $661,747,108.80. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders bought 4,972,649 shares of company stock valued at $148,862,468 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.