The Liberty SiriusXM Group (NASDAQ:LSXMK) Shares Sold by Mad River Investors

Mad River Investors decreased its stake in The Liberty SiriusXM Group (NASDAQ:LSXMK) by 12.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,127 shares of the technology company’s stock after selling 571 shares during the period. The Liberty SiriusXM Group makes up 0.1% of Mad River Investors’ investment portfolio, making the stock its 26th largest holding. Mad River Investors’ holdings in The Liberty SiriusXM Group were worth $123,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Check Capital Management Inc. CA purchased a new position in The Liberty SiriusXM Group during the 1st quarter valued at about $5,967,000. Hi Line Capital Management LLC increased its holdings in The Liberty SiriusXM Group by 61.0% during the 1st quarter. Hi Line Capital Management LLC now owns 662,276 shares of the technology company’s stock valued at $19,676,000 after acquiring an additional 250,949 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in The Liberty SiriusXM Group by 0.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 46,320 shares of the technology company’s stock valued at $1,376,000 after acquiring an additional 421 shares in the last quarter. Atlas Capital Advisors LLC increased its holdings in The Liberty SiriusXM Group by 5.2% during the 1st quarter. Atlas Capital Advisors LLC now owns 8,746 shares of the technology company’s stock valued at $260,000 after acquiring an additional 435 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in The Liberty SiriusXM Group by 9.6% during the 4th quarter. Vanguard Group Inc. now owns 13,850,967 shares of the technology company’s stock valued at $398,631,000 after acquiring an additional 1,208,124 shares in the last quarter. Institutional investors and hedge funds own 56.58% of the company’s stock.

Insider Buying and Selling at The Liberty SiriusXM Group

In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc purchased 938,896 shares of The Liberty SiriusXM Group stock in a transaction on Monday, April 8th. The shares were purchased at an average cost of $26.98 per share, with a total value of $25,331,414.08. Following the completion of the transaction, the insider now directly owns 67,909,913 shares in the company, valued at approximately $1,832,209,452.74. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman John C. Malone sold 139,065 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $68.98, for a total transaction of $9,592,703.70. Following the transaction, the chairman now directly owns 2,401,365 shares of the company’s stock, valued at $165,646,157.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Berkshire Hathaway Inc bought 938,896 shares of The Liberty SiriusXM Group stock in a transaction dated Monday, April 8th. The shares were purchased at an average cost of $26.98 per share, for a total transaction of $25,331,414.08. Following the completion of the transaction, the insider now owns 67,909,913 shares of the company’s stock, valued at approximately $1,832,209,452.74. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 2,519,555 shares of company stock valued at $65,635,332 and have sold 282,072 shares valued at $17,749,275.

The Liberty SiriusXM Group Stock Performance

The Liberty SiriusXM Group stock traded up $0.31 during trading on Thursday, reaching $22.84. The company had a trading volume of 3,310,433 shares, compared to its average volume of 2,591,098. The Liberty SiriusXM Group has a 12-month low of $20.05 and a 12-month high of $31.67. The stock’s 50 day moving average price is $22.84 and its two-hundred day moving average price is $26.87. The firm has a market capitalization of $7.46 billion and a price-to-earnings ratio of 9.40.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last released its earnings results on Wednesday, May 8th. The technology company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.05). The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.14 billion.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LSXMK. Seaport Res Ptn upgraded shares of The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a report on Monday, April 29th. StockNews.com upgraded shares of The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $36.00.

The Liberty SiriusXM Group Company Profile

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.