The Liberty SiriusXM Group Forecasted to Earn Q1 2024 Earnings of $0.76 Per Share (NASDAQ:LSXMK)

The Liberty SiriusXM Group (NASDAQ:LSXMK) – Analysts at Seaport Res Ptn issued their Q1 2024 EPS estimates for The Liberty SiriusXM Group in a note issued to investors on Monday, April 29th. Seaport Res Ptn analyst D. Joyce anticipates that the technology company will post earnings per share of $0.76 for the quarter. Seaport Res Ptn currently has a “Buy” rating on the stock. The consensus estimate for The Liberty SiriusXM Group’s current full-year earnings is $3.52 per share. Seaport Res Ptn also issued estimates for The Liberty SiriusXM Group’s Q2 2024 earnings at $0.86 EPS, Q3 2024 earnings at $0.99 EPS, Q4 2024 earnings at $0.90 EPS and FY2024 earnings at $3.52 EPS.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last released its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The business had revenue of $2.29 billion during the quarter.

Separately, StockNews.com raised shares of The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.00.

The Liberty SiriusXM Group Stock Up 1.1 %

NASDAQ:LSXMK opened at $25.05 on Thursday. The stock has a 50 day moving average of $27.51 and a 200-day moving average of $27.89. The Liberty SiriusXM Group has a 52 week low of $22.24 and a 52 week high of $31.67.

Insider Activity

In related news, major shareholder Berkshire Hathaway Inc purchased 20,609 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was acquired at an average price 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 of the company’s stock, valued at approximately $771,672,212.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders purchased 6,457,501 shares of company stock worth $179,148,132. Insiders own 12.47% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Principal Securities Inc. acquired a new stake in shares of The Liberty SiriusXM Group during the 4th quarter valued at $66,000. TFO Wealth Partners LLC boosted its position in 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 valued at $75,000 after purchasing an additional 2,597 shares during the last quarter. Signaturefd LLC grew 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 position in The Liberty SiriusXM Group by 615.9% in the 4th 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 last quarter. Finally, Equitec Proprietary Markets LLC purchased a new stake in shares of The Liberty SiriusXM Group during the 1st quarter worth about $123,000. 56.58% of the stock is owned by institutional investors and hedge funds.

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.