The Liberty SiriusXM Group (NASDAQ:LSXMK) Major Shareholder Purchases $34,700,000.00 in Stock

The Liberty SiriusXM Group (NASDAQ:LSXMK) major shareholder Berkshire Hathaway Inc bought 1,250,000 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was bought at an average price of $27.76 per share, for a total transaction of $34,700,000.00. Following the purchase, the insider now directly owns 66,736,288 shares of the company’s stock, valued at $1,852,599,354.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, April 8th, Berkshire Hathaway Inc acquired 938,896 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average cost of $26.98 per share, for a total transaction of $25,331,414.08.
• On Wednesday, March 27th, Berkshire Hathaway Inc bought 189,759 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average cost of $29.25 per share, with a total value of $5,550,450.75.
• On Monday, March 25th, Berkshire Hathaway Inc purchased 199,664 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average cost of $28.82 per share, for a total transaction of $5,754,316.48.
• On Thursday, March 21st, Berkshire Hathaway Inc acquired 333,916 shares of The Liberty SiriusXM Group stock. The stock was acquired at an average cost of $28.92 per share, with a total value of $9,656,850.72.
• On Monday, March 11th, Berkshire Hathaway Inc bought 20,609 shares of The Liberty SiriusXM Group stock. The shares were acquired 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 stock was acquired at an average cost of $29.86 per share, with a total value of $15,581,067.44.
• On Wednesday, March 6th, Berkshire Hathaway Inc acquired 1,188,000 shares of The Liberty SiriusXM Group stock. The shares were bought at an average price of $29.39 per share, for a total transaction of $34,915,320.00.
• On Monday, March 4th, Berkshire Hathaway Inc bought 234,194 shares of The Liberty SiriusXM Group stock. The shares were bought at an average cost of $28.77 per share, for a total transaction of $6,737,761.38.
• On Thursday, February 1st, Berkshire Hathaway Inc purchased 175,827 shares of The Liberty SiriusXM Group stock. The stock was bought at an average cost of $30.70 per share, with a total value of $5,397,888.90.
• On Tuesday, January 30th, Berkshire Hathaway Inc bought 495,739 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average cost of $30.12 per share, for a total transaction of $14,931,658.68.

The Liberty SiriusXM Group Stock Performance

NASDAQ LSXMK opened at $26.03 on Thursday. The Liberty SiriusXM Group has a 1 year low of $22.24 and a 1 year high of $31.67. The company has a fifty day moving average of $29.44 and a 200 day moving average of $27.96.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last issued its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. The company had revenue of $2.29 billion during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com raised 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 hedge funds and other institutional investors have recently made changes to their positions in the company. Great West Life Assurance Co. Can grew its position in shares of The Liberty SiriusXM Group by 0.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 131,039 shares of the technology company’s stock valued at $6,355,000 after acquiring an additional 378 shares during the period. Captrust Financial Advisors raised its stake in shares of The Liberty SiriusXM Group by 1.8% during the 3rd quarter. Captrust Financial Advisors now owns 25,553 shares of the technology company’s stock worth $964,000 after buying an additional 449 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of The Liberty SiriusXM Group by 1.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 51,920 shares of the technology company’s stock valued at $1,872,000 after buying an additional 497 shares in the last quarter. US Bancorp DE grew its stake in The Liberty SiriusXM Group by 6.4% in the 4th quarter. US Bancorp DE now owns 9,419 shares of the technology company’s stock valued at $271,000 after acquiring an additional 563 shares during the period. Finally, Weik Capital Management increased its holdings in The Liberty SiriusXM Group by 1.2% in the 1st quarter. Weik Capital Management now owns 48,561 shares of the technology company’s stock worth $2,221,000 after acquiring an additional 595 shares in 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.