The Liberty SiriusXM Group (NASDAQ:LSXMK) Trading Up 4.5% on Insider Buying Activity

The Liberty SiriusXM Group (NASDAQ:LSXMK)’s stock price was up 4.5% on Monday after an insider bought additional shares in the company. The stock traded as high as $25.40 and last traded at $25.36. Approximately 161,744 shares changed hands during trading, a decline of 93% from the average daily volume of 2,248,918 shares. The stock had previously closed at $24.27.

Specifically, major shareholder Berkshire Hathaway Inc bought 219,303 shares of the stock in a transaction on Friday, April 26th. The shares were bought at an average price of $24.46 per share, with a total value of $5,364,151.38. Following the completion of the acquisition, the insider now owns 35,182,219 shares of the company’s stock, valued at $860,557,076.74. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have bought 6,321,691 shares of company stock valued at $176,608,626.

Analyst Ratings Changes

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

The Liberty SiriusXM Group Stock Performance

The company has a 50-day moving average of $27.81 and a two-hundred day moving average of $27.95.

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

Institutional Investors Weigh In On The Liberty SiriusXM Group

Hedge funds have recently modified their holdings of the stock. Principal Securities Inc. purchased a new stake in shares of The Liberty SiriusXM Group during the 4th quarter valued at about $66,000. TFO Wealth Partners LLC grew its stake in The Liberty SiriusXM Group by 43,283.3% during the 4th quarter. TFO Wealth Partners LLC now owns 2,603 shares of the technology company’s stock valued at $75,000 after purchasing an additional 2,597 shares in the last quarter. Signaturefd LLC grew its stake in The Liberty SiriusXM Group by 52.9% during the 3rd quarter. Signaturefd LLC now owns 3,326 shares of the technology company’s stock valued at $85,000 after purchasing an additional 1,151 shares in the last quarter. Headlands Technologies LLC grew its stake in The Liberty SiriusXM Group by 615.9% during the 4th quarter. Headlands Technologies LLC now owns 3,379 shares of the technology company’s stock valued at $97,000 after purchasing an additional 2,907 shares in the last quarter. Finally, Equitec Proprietary Markets LLC acquired a new stake in The Liberty SiriusXM Group during the 1st quarter valued at approximately $123,000. 56.58% of the stock is currently 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.