The Liberty SiriusXM Group (NASDAQ:LSXMK) Shares Sold by HBK Investments L P

HBK Investments L P reduced its position in shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) by 22.1% in the 4th quarter, HoldingsChannel reports. The firm owned 141,173 shares of the technology company’s stock after selling 40,000 shares during the period. HBK Investments L P’s holdings in The Liberty SiriusXM Group were worth $4,063,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in LSXMK. Norges Bank purchased a new position in The Liberty SiriusXM Group during the fourth quarter worth about $60,012,000. Cadian Capital Management LP purchased a new position in The Liberty SiriusXM Group in the third quarter valued at about $31,978,000. Boussard & Gavaudan Investment Management LLP purchased a new position in The Liberty SiriusXM Group in the fourth quarter valued at about $34,834,000. Vanguard Group Inc. increased its holdings in The Liberty SiriusXM Group by 9.6% in the fourth quarter. Vanguard Group Inc. now owns 13,850,967 shares of the technology company’s stock valued at $398,631,000 after buying an additional 1,208,124 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in The Liberty SiriusXM Group by 132.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,629,785 shares of the technology company’s stock valued at $41,494,000 after buying an additional 927,563 shares in the last quarter. 56.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Berkshire Hathaway Inc bought 333,916 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were purchased at an average price of $28.92 per share, for a total transaction of $9,656,850.72. Following the completion of the transaction, the insider now owns 56,944,193 shares in the company, valued at $1,646,826,061.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other The Liberty SiriusXM Group news, Chairman John C. Malone sold 139,065 shares of The Liberty SiriusXM Group stock in a transaction on Monday, May 13th. The shares were sold at an average price of $68.98, for a total value of $9,592,703.70. Following the transaction, the chairman now owns 2,401,365 shares in the company, valued at approximately $165,646,157.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Berkshire Hathaway Inc purchased 333,916 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was bought at an average price of $28.92 per share, for a total transaction of $9,656,850.72. Following the acquisition, the insider now owns 56,944,193 shares in the company, valued at $1,646,826,061.56. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 4,492,894 shares of company stock worth $121,296,950 and have sold 229,161 shares worth $15,947,127.

The Liberty SiriusXM Group Stock Down 0.7 %

Shares of LSXMK traded down $0.14 during mid-day trading on Monday, reaching $20.80. 3,028,806 shares of the company’s stock were exchanged, compared to its average volume of 2,292,815. The company has a 50-day simple moving average of $23.75 and a two-hundred day simple moving average of $27.35. The Liberty SiriusXM Group has a 52-week low of $20.05 and a 52-week high of $31.67. The company has a market cap of $6.80 billion and a price-to-earnings ratio of 8.62.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last announced its earnings results on Wednesday, May 8th. The technology company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.05). The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.14 billion.

Analysts Set New Price Targets

A number of research analysts have issued reports on LSXMK shares. 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 raised shares of The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a research note 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.00.

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.