Berkshire Hathaway Inc Acquires 333,916 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) Stock

The Liberty SiriusXM Group (NASDAQ:LSXMK) major shareholder Berkshire Hathaway Inc purchased 333,916 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were purchased at an average cost of $28.92 per share, for a total transaction of $9,656,850.72. Following the transaction, the insider now directly owns 56,944,193 shares of the company’s stock, valued at approximately $1,646,826,061.56. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Berkshire Hathaway Inc also recently made the following trade(s):

• On Monday, March 25th, Berkshire Hathaway Inc purchased 199,664 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average cost of $28.82 per share, for a total transaction of $5,754,316.48.
• On Monday, March 11th, Berkshire Hathaway Inc purchased 20,609 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average cost of $29.94 per share, for a total transaction of $617,033.46.
• On Friday, March 8th, Berkshire Hathaway Inc purchased 521,804 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average cost of $29.86 per share, for a total transaction of $15,581,067.44.
• On Wednesday, March 6th, Berkshire Hathaway Inc purchased 1,188,000 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average cost of $29.39 per share, for a total transaction of $34,915,320.00.
• On Monday, March 4th, Berkshire Hathaway Inc acquired 234,194 shares of The Liberty SiriusXM Group stock. The shares were bought at an average price of $28.77 per share, for a total transaction of $6,737,761.38.
• On Thursday, February 1st, Berkshire Hathaway Inc acquired 175,827 shares of The Liberty SiriusXM Group stock. The shares were bought at an average price of $30.70 per share, for a total transaction of $5,397,888.90.
• On Tuesday, January 30th, Berkshire Hathaway Inc acquired 495,739 shares of The Liberty SiriusXM Group stock. The shares were bought at an average price of $30.12 per share, for a total transaction of $14,931,658.68.
• On Thursday, January 25th, Berkshire Hathaway Inc acquired 139,132 shares of The Liberty SiriusXM Group stock. The shares were bought at an average price of $30.99 per share, for a total transaction of $4,311,700.68.
• On Tuesday, January 23rd, Berkshire Hathaway Inc acquired 650,224 shares of The Liberty SiriusXM Group stock. The shares were bought at an average price of $30.96 per share, for a total transaction of $20,130,935.04.
• On Tuesday, January 16th, Berkshire Hathaway Inc acquired 543,977 shares of The Liberty SiriusXM Group stock. The shares were bought at an average price of $30.43 per share, for a total transaction of $16,553,220.11.

The Liberty SiriusXM Group Stock Performance

LSXMK opened at $29.52 on Thursday. The Liberty SiriusXM Group has a fifty-two week low of $22.24 and a fifty-two week high of $31.67. The company’s 50-day moving average is $29.94 and its 200 day moving average is $27.60.

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

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th.

Institutional Investors Weigh In On The Liberty SiriusXM Group

A number of institutional investors and hedge funds have recently made changes to their positions in LSXMK. Almanack Investment Partners LLC. purchased a new stake in The Liberty SiriusXM Group in the 3rd quarter valued at about $29,000. UniSuper Management Pty Ltd purchased a new stake in The Liberty SiriusXM Group in the 2nd quarter valued at about $39,000. Ossiam increased its stake in The Liberty SiriusXM Group by 51.7% in the 1st quarter. Ossiam now owns 1,978 shares of the technology company’s stock valued at $55,000 after buying an additional 674 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in The Liberty SiriusXM Group by 312.3% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 2,280 shares of the technology company’s stock valued at $58,000 after buying an additional 1,727 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in The Liberty SiriusXM Group by 296.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,404 shares of the technology company’s stock valued at $61,000 after buying an additional 1,798 shares during the last quarter. Institutional investors and hedge funds own 56.58% of the company’s stock.

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.