21,863 Shares in The Liberty SiriusXM Group (NASDAQ:LSXMK) Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp bought a new stake in The Liberty SiriusXM Group (NASDAQ:LSXMK) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 21,863 shares of the technology company’s stock, valued at approximately $629,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. grew its position in The Liberty SiriusXM Group by 80.9% during the 4th quarter. Victory Capital Management Inc. now owns 39,135 shares of the technology company’s stock worth $1,126,000 after purchasing an additional 17,506 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of The Liberty SiriusXM Group by 22.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 105,107 shares of the technology company’s stock valued at $2,676,000 after purchasing an additional 19,419 shares during the period. Strs Ohio purchased a new stake in shares of The Liberty SiriusXM Group during the fourth quarter worth approximately $1,668,000. Hsbc Holdings PLC lifted its holdings in shares of The Liberty SiriusXM Group by 214.0% during the third quarter. Hsbc Holdings PLC now owns 179,449 shares of the technology company’s stock worth $4,569,000 after purchasing an additional 122,291 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in The Liberty SiriusXM Group by 1,181.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 158,935 shares of the technology company’s stock valued at $4,046,000 after buying an additional 146,531 shares during the last quarter. 56.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc purchased 1,250,000 shares of the stock in a transaction dated Thursday, April 4th. The shares were acquired at an average cost of $27.76 per share, for a total transaction of $34,700,000.00. Following the completion of the transaction, the insider now directly owns 66,736,288 shares of the company’s stock, valued at $1,852,599,354.88. The purchase was disclosed in a filing with the SEC, which is available at this link. In related news, major shareholder Berkshire Hathaway Inc acquired 1,250,000 shares of The Liberty SiriusXM Group stock in a transaction dated Thursday, April 4th. The shares were acquired at an average cost of $27.76 per share, for a total transaction of $34,700,000.00. Following the completion of the transaction, the insider now directly owns 66,736,288 shares of the company’s stock, valued at $1,852,599,354.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman John C. Malone sold 89,951 shares of The Liberty SiriusXM Group stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $70.53, for a total value of $6,344,244.03. Following the sale, the chairman now owns 2,540,430 shares of the company’s stock, valued at approximately $179,176,527.90. The disclosure for this sale can be found here. In the last three months, insiders have acquired 6,457,501 shares of company stock worth $179,148,132 and have sold 229,103 shares worth $15,940,449. Insiders own 12.47% of the company’s stock.

Analyst Ratings Changes

LSXMK has been the topic of several analyst reports. Seaport Res Ptn raised shares of The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a report on Monday, April 29th. StockNews.com upgraded The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $36.00.

The Liberty SiriusXM Group Stock Performance

LSXMK stock traded up $0.29 during trading on Friday, reaching $22.46. 1,818,972 shares of the company were exchanged, compared to its average volume of 1,694,989. The Liberty SiriusXM Group has a 52-week low of $21.97 and a 52-week high of $31.67. The company has a market cap of $7.34 billion and a P/E ratio of 9.24. The stock’s 50 day moving average price is $25.94 and its 200 day moving average price is $27.82.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last released its quarterly 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 during the quarter. As a group, equities research analysts forecast that The Liberty SiriusXM Group will post 3.52 EPS for the current year.

The Liberty SiriusXM Group 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.