The Liberty SiriusXM Group (NASDAQ:LSXMK) Sets New 1-Year Low at $22.19

The Liberty SiriusXM Group (NASDAQ:LSXMK)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $22.19 and last traded at $22.26, with a volume of 1201029 shares traded. The stock had previously closed at $22.70.

Analyst Ratings Changes

Several research firms have issued reports on LSXMK. StockNews.com upgraded The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Seaport Res Ptn upgraded The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research note 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.00.

The Liberty SiriusXM Group Stock Performance

The business has a 50 day simple moving average of $25.94 and a 200-day simple moving average of $27.82. The firm has a market cap of $7.34 billion and a price-to-earnings ratio of 9.24.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last announced its earnings results on Wednesday, February 28th. The technology company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.01. The company had revenue of $2.29 billion during the quarter. As a group, research analysts anticipate that The Liberty SiriusXM Group will post 3.52 earnings per share for the current year.

Insider Activity

In related news, major shareholder Berkshire Hathaway Inc acquired 20,609 shares of the stock in a transaction on Monday, March 11th. The stock was bought at an average cost of $29.94 per share, with a total value of $617,033.46. Following the transaction, the insider now directly owns 25,773,955 shares in the company, valued at $771,672,212.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Chairman John C. Malone sold 89,951 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $70.53, for a total value of $6,344,244.03. Following the sale, the chairman now owns 2,540,430 shares in the company, valued at approximately $179,176,527.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Berkshire Hathaway Inc bought 20,609 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were acquired at an average cost of $29.94 per share, for a total transaction of $617,033.46. Following the transaction, the insider now directly owns 25,773,955 shares in the company, valued at approximately $771,672,212.70. The disclosure for this purchase can be found here. In the last three months, insiders have bought 6,457,501 shares of company stock worth $179,148,132 and have sold 229,103 shares worth $15,940,449. Insiders own 12.47% of the company’s stock.

Hedge Funds Weigh In On The Liberty SiriusXM Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of The Liberty SiriusXM Group during the 4th quarter worth about $60,012,000. Vanguard Group Inc. boosted its position in The Liberty SiriusXM Group by 11.2% during the 1st quarter. Vanguard Group Inc. now owns 15,405,871 shares of the technology company’s stock worth $457,708,000 after acquiring an additional 1,554,904 shares during the period. Cadian Capital Management LP purchased a new stake in shares of The Liberty SiriusXM Group during the 3rd quarter worth about $31,978,000. Boussard & Gavaudan Investment Management LLP bought a new position in shares of The Liberty SiriusXM Group in the 4th quarter valued at approximately $34,834,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in The Liberty SiriusXM Group by 132.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,629,785 shares of the technology company’s stock valued at $41,494,000 after buying an additional 927,563 shares during the last quarter. 56.58% of the stock is currently owned by hedge funds and other institutional investors.

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.