The Liberty SiriusXM Group (NASDAQ:LSXMA) to Post Q1 2024 Earnings of $0.76 Per Share, Seaport Res Ptn Forecasts

The Liberty SiriusXM Group (NASDAQ:LSXMA) – Equities researchers at Seaport Res Ptn issued their Q1 2024 earnings estimates for shares of The Liberty SiriusXM Group in a research report issued on Monday, April 29th. Seaport Res Ptn analyst D. Joyce forecasts that the technology company will earn $0.76 per share 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 $1.41 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:LSXMA) last released its earnings results on Wednesday, February 28th. The technology company reported $0.53 earnings per share for the quarter. The business had revenue of $2.29 billion for the quarter.

Separately, Citigroup lowered shares of The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $35.00 to $28.00 in a research report on Wednesday, April 24th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, The Liberty SiriusXM Group presently has an average rating of “Moderate Buy” and an average target price of $37.67.

The Liberty SiriusXM Group Stock Performance

LSXMA opened at $24.63 on Thursday. The company’s 50 day moving average is $27.79 and its 200-day moving average is $27.96. The Liberty SiriusXM Group has a 1-year low of $22.01 and a 1-year high of $31.69.

Hedge Funds 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 stock. Treasurer of the State of North Carolina lifted its holdings in The Liberty SiriusXM Group by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 32,939 shares of the technology company’s stock valued at $947,000 after buying an additional 330 shares during the period. Commonwealth Equity Services LLC raised its position in shares of The Liberty SiriusXM Group by 1.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 40,795 shares of the technology company’s stock worth $1,212,000 after acquiring an additional 651 shares in the last quarter. Equitable Trust Co. lifted its stake in shares of The Liberty SiriusXM Group by 7.2% in the 4th quarter. Equitable Trust Co. now owns 16,517 shares of the technology company’s stock valued at $475,000 after purchasing an additional 1,105 shares during the period. Jump Financial LLC grew its stake in The Liberty SiriusXM Group by 12.7% during the fourth quarter. Jump Financial LLC now owns 10,816 shares of the technology company’s stock worth $311,000 after purchasing an additional 1,216 shares during the period. Finally, TFO Wealth Partners LLC increased its holdings in The Liberty SiriusXM Group by 70,150.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,405 shares of the technology company’s stock worth $40,000 after purchasing an additional 1,403 shares in the last quarter. 28.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity at The Liberty SiriusXM Group

In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc purchased 234,194 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was purchased at an average cost of $28.77 per share, for a total transaction of $6,737,761.38. Following the transaction, the insider now owns 48,733,666 shares in the company, valued at approximately $1,402,067,570.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders acquired a total of 6,457,501 shares of company stock worth $179,148,132 in the last quarter. 12.47% of the stock is owned by insiders.

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.