The Liberty SiriusXM Group (NASDAQ:LSXMK) Trading Up 4.5% on Insider Buying Activity

Shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) were up 4.5% during trading on Monday after an insider bought additional shares in the company. The stock traded as high as $25.40 and last traded at $25.36. Approximately 161,744 shares were traded during trading, a decline of 93% from the average daily volume of 2,248,918 shares. The stock had previously closed at $24.27.

Specifically, major shareholder Berkshire Hathaway Inc bought 175,827 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were purchased at an average price of $30.70 per share, for a total transaction of $5,397,888.90. Following the completion of the transaction, the insider now directly owns 48,499,472 shares of the company’s stock, valued at approximately $1,488,933,790.40. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have purchased 6,321,691 shares of company stock worth $176,608,626 over the last quarter.

Wall Street Analyst Weigh In

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

The Liberty SiriusXM Group Stock Performance

The company’s 50 day moving average price is $27.81 and its 200-day moving average price is $27.95.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last announced 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 firm had revenue of $2.29 billion for the quarter.

Hedge Funds Weigh In On The Liberty SiriusXM Group

A number of hedge funds have recently bought and sold shares of LSXMK. Principal Securities Inc. bought a new position in The Liberty SiriusXM Group during the fourth quarter worth $66,000. TFO Wealth Partners LLC increased its stake in The Liberty SiriusXM Group by 43,283.3% in the fourth quarter. TFO Wealth Partners LLC now owns 2,603 shares of the technology company’s stock valued at $75,000 after purchasing an additional 2,597 shares in the last quarter. Signaturefd LLC increased its stake in The Liberty SiriusXM Group by 52.9% in the third quarter. Signaturefd LLC now owns 3,326 shares of the technology company’s stock valued at $85,000 after purchasing an additional 1,151 shares in the last quarter. Headlands Technologies LLC increased its stake in The Liberty SiriusXM Group by 615.9% in the fourth quarter. Headlands Technologies LLC now owns 3,379 shares of the technology company’s stock valued at $97,000 after purchasing an additional 2,907 shares in the last quarter. Finally, Equitec Proprietary Markets LLC bought a new stake in The Liberty SiriusXM Group in the first quarter valued at $123,000. Institutional investors 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.