The Liberty SiriusXM Group (NASDAQ:LSXMK) Major Shareholder Berkshire Hathaway Inc Purchases 413,227 Shares

The Liberty SiriusXM Group (NASDAQ:LSXMK) major shareholder Berkshire Hathaway Inc acquired 413,227 shares of the stock in a transaction on Friday, April 12th. The shares were acquired at an average price of $25.58 per share, with a total value of $10,570,346.66. Following the transaction, the insider now directly owns 69,044,244 shares of the company’s stock, valued at $1,766,151,761.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 Wednesday, April 10th, Berkshire Hathaway Inc acquired 513,104 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average price of $25.96 per share, with a total value of $13,320,179.84.
• On Monday, April 8th, Berkshire Hathaway Inc acquired 938,896 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average price of $26.98 per share, with a total value of $25,331,414.08.
• On Thursday, April 4th, Berkshire Hathaway Inc acquired 1,250,000 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average price of $27.76 per share, with a total value of $34,700,000.00.
• On Wednesday, March 27th, Berkshire Hathaway Inc acquired 189,759 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average price of $29.25 per share, with a total value of $5,550,450.75.
• On Monday, March 25th, Berkshire Hathaway Inc bought 199,664 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average price of $28.82 per share, with a total value of $5,754,316.48.
• On Thursday, March 21st, Berkshire Hathaway Inc bought 333,916 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average price 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 stock was purchased at an average price of $29.94 per share, with a total value of $617,033.46.
• On Friday, March 8th, Berkshire Hathaway Inc bought 521,804 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average price of $29.86 per share, with a total value of $15,581,067.44.
• On Wednesday, March 6th, Berkshire Hathaway Inc bought 1,188,000 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average price of $29.39 per share, with a total value of $34,915,320.00.
• On Monday, March 4th, Berkshire Hathaway Inc bought 234,194 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average price of $28.77 per share, with a total value of $6,737,761.38.

The Liberty SiriusXM Group Stock Down 2.7 %

LSXMK stock opened at $25.42 on Friday. The Liberty SiriusXM Group has a 12 month low of $22.24 and a 12 month high of $31.67. The firm’s 50-day moving average is $29.25 and its 200 day moving average is $27.94.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last posted its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.53 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.

Wall Street Analyst Weigh In

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 Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LSXMK. Norges Bank purchased a new position in The Liberty SiriusXM Group during the 4th quarter valued at about $98,203,000. Cadian Capital Management LP purchased a new position in The Liberty SiriusXM Group during the 3rd quarter valued at about $31,978,000. Boussard & Gavaudan Investment Management LLP purchased a new position in The Liberty SiriusXM Group during the 4th quarter valued at about $34,834,000. Arrowstreet Capital Limited Partnership increased its position in The Liberty SiriusXM Group by 90.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,540,035 shares of the technology company’s stock valued at $71,096,000 after purchasing an additional 1,208,230 shares during the period. Finally, Vanguard Group Inc. increased its position in The Liberty SiriusXM Group by 9.6% during the 4th quarter. Vanguard Group Inc. now owns 13,850,967 shares of the technology company’s stock valued at $398,631,000 after purchasing an additional 1,208,124 shares during the period. Hedge funds and other institutional investors own 56.58% of the company’s stock.

About The Liberty SiriusXM Group

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.