Gamco Investors INC. ET AL Sells 6,697 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMK)

Gamco Investors INC. ET AL trimmed its holdings in shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) by 2.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 252,907 shares of the technology company’s stock after selling 6,697 shares during the period. Gamco Investors INC. ET AL’s holdings in The Liberty SiriusXM Group were worth $7,514,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Motco lifted its holdings in The Liberty SiriusXM Group by 172,300.0% during the 1st quarter. Motco now owns 1,724 shares of the technology company’s stock valued at $51,000 after purchasing an additional 1,723 shares during the last quarter. Principal Securities Inc. bought a new position in The Liberty SiriusXM Group during the 4th quarter valued at about $66,000. UniSuper Management Pty Ltd lifted its holdings in The Liberty SiriusXM Group by 91.7% during the 1st quarter. UniSuper Management Pty Ltd now owns 2,300 shares of the technology company’s stock valued at $68,000 after purchasing an additional 1,100 shares during the last quarter. TFO Wealth Partners LLC lifted its holdings 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 during the last quarter. Finally, Headlands Technologies LLC lifted its holdings 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 during the last quarter. 56.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, 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. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, The Liberty SiriusXM Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.00.

The Liberty SiriusXM Group Stock Performance

Shares of NASDAQ LSXMK traded up $0.12 during trading on Friday, reaching $22.56. The company had a trading volume of 1,251,074 shares, compared to its average volume of 1,936,733. The Liberty SiriusXM Group has a 52 week low of $20.05 and a 52 week high of $31.67. The stock has a market cap of $7.37 billion and a PE ratio of 9.28. The business’s 50 day moving average price is $22.15 and its 200-day moving average price is $26.13.

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

Insider Transactions at The Liberty SiriusXM Group

In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc purchased 311,637 shares of the stock in a transaction dated Monday, April 29th. The stock was bought at an average price of $25.47 per share, for a total transaction of $7,937,394.39. Following the transaction, the insider now directly owns 70,002,897 shares in the company, valued at $1,782,973,786.59. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman John C. Malone sold 89,951 shares of the business’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 in the company, valued at $179,176,527.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Berkshire Hathaway Inc acquired 311,637 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average price of $25.47 per share, with a total value of $7,937,394.39. Following the acquisition, the insider now owns 70,002,897 shares of the company’s stock, valued at approximately $1,782,973,786.59. The disclosure for this purchase can be found here. Insiders sold a total of 282,072 shares of company stock worth $17,749,275 in the last quarter. 12.47% of the stock is owned by company insiders.

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.