The Liberty SiriusXM Group (NASDAQ:LSXMA) Share Price Passes Below 50-Day Moving Average of $28.64

Shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $28.64 and traded as low as $24.26. The Liberty SiriusXM Group shares last traded at $24.51, with a volume of 1,907,102 shares traded.

The Liberty SiriusXM Group Stock Performance

The company has a 50-day simple moving average of $28.64 and a 200-day simple moving average of $27.99.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last issued its earnings results on Wednesday, February 28th. The technology company reported $0.53 EPS for the quarter. The company had revenue of $2.29 billion for the quarter. Sell-side analysts forecast that The Liberty SiriusXM Group will post 1.41 earnings per share for the current fiscal year.

Insider Buying and Selling at The Liberty SiriusXM Group

In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc acquired 413,227 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were purchased at an average cost of $25.58 per share, with a total value of $10,570,346.66. Following the purchase, the insider now owns 69,044,244 shares in the company, valued at $1,766,151,761.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have bought 7,264,095 shares of company stock valued at $207,506,924. Insiders own 12.47% of the company’s stock.

Institutional Trading of The Liberty SiriusXM Group

A number of large investors have recently made changes to their positions in LSXMA. Vanguard Group Inc. boosted its position in The Liberty SiriusXM Group by 46.6% during the third quarter. Vanguard Group Inc. now owns 10,744,552 shares of the technology company’s stock worth $273,449,000 after acquiring an additional 3,416,321 shares during the last quarter. UBS Group AG grew its position in shares of The Liberty SiriusXM Group by 769.2% in the fourth quarter. UBS Group AG now owns 1,402,409 shares of the technology company’s stock valued at $40,305,000 after purchasing an additional 1,241,057 shares during the period. Cadian Capital Management LP acquired a new position in The Liberty SiriusXM Group in the third quarter valued at $27,750,000. Sculptor Capital LP lifted its position in The Liberty SiriusXM Group by 36.1% during the first quarter. Sculptor Capital LP now owns 3,230,683 shares of the technology company’s stock worth $90,750,000 after buying an additional 857,501 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in The Liberty SiriusXM Group by 178.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,223,493 shares of the technology company’s stock worth $34,368,000 after buying an additional 784,793 shares during the last quarter. Institutional investors and hedge funds own 28.72% 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.