The Liberty SiriusXM Group (NASDAQ:LSXMK) Given Average Rating of “Moderate Buy” by Brokerages

The Liberty SiriusXM Group (NASDAQ:LSXMK) has earned an average recommendation of “Moderate Buy” from the three research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $36.00.

A number of equities analysts have weighed in on the stock. StockNews.com raised shares of The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Seaport Res Ptn raised shares of The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th.

The Liberty SiriusXM Group Stock Up 3.3 %

LSXMK stock opened at $22.05 on Friday. The company has a market cap of $7.20 billion and a price-to-earnings ratio of 9.07. The business has a fifty day simple moving average of $23.35 and a 200-day simple moving average of $27.19. The Liberty SiriusXM Group has a 52 week low of $20.05 and a 52 week high of $31.67.

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

Insider Buying and Selling at The Liberty SiriusXM Group

In other news, major shareholder Berkshire Hathaway Inc purchased 189,759 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were bought at an average price of $29.25 per share, for a total transaction of $5,550,450.75. Following the completion of the purchase, the insider now owns 32,755,466 shares of the company’s stock, valued at $958,097,380.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder Berkshire Hathaway Inc purchased 189,759 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were bought at an average price of $29.25 per share, for a total transaction of $5,550,450.75. Following the completion of the purchase, the insider now owns 32,755,466 shares of the company’s stock, valued at $958,097,380.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman John C. Malone sold 89,951 shares of the firm’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 transaction, the chairman now owns 2,540,430 shares in the company, valued at approximately $179,176,527.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 4,158,978 shares of company stock worth $111,640,099 and have sold 282,072 shares worth $17,749,275. 12.47% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Motco raised its position in shares of The Liberty SiriusXM Group by 172,300.0% during the first quarter. Motco now owns 1,724 shares of the technology company’s stock worth $51,000 after purchasing an additional 1,723 shares during the period. Principal Securities Inc. acquired a new stake in shares of The Liberty SiriusXM Group during the fourth quarter worth $66,000. UniSuper Management Pty Ltd raised its position in shares of The Liberty SiriusXM Group by 91.7% during the first quarter. UniSuper Management Pty Ltd now owns 2,300 shares of the technology company’s stock worth $68,000 after purchasing an additional 1,100 shares during the period. TFO Wealth Partners LLC raised its position in shares of The Liberty SiriusXM Group by 43,283.3% during the fourth quarter. TFO Wealth Partners LLC now owns 2,603 shares of the technology company’s stock worth $75,000 after purchasing an additional 2,597 shares during the period. Finally, Headlands Technologies LLC raised its position in shares of The Liberty SiriusXM Group by 615.9% during the fourth quarter. Headlands Technologies LLC now owns 3,379 shares of the technology company’s stock worth $97,000 after purchasing an additional 2,907 shares during the period. 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.