Epoch Investment Partners Inc. Makes New Investment in The Liberty SiriusXM Group (NASDAQ:LSXMK)

Epoch Investment Partners Inc. bought a new position in shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 22,645 shares of the technology company’s stock, valued at approximately $673,000.

Other institutional investors also recently bought and sold shares of the company. Oak Thistle LLC purchased a new stake in shares of The Liberty SiriusXM Group in the 4th quarter valued at approximately $763,000. Krilogy Financial LLC purchased a new stake in The Liberty SiriusXM Group during the 4th quarter worth approximately $291,000. Strs Ohio purchased a new stake in The Liberty SiriusXM Group during the 4th quarter worth approximately $1,668,000. Kirr Marbach & Co. LLC IN increased its stake in The Liberty SiriusXM Group by 2.6% during the 4th quarter. Kirr Marbach & Co. LLC IN now owns 134,758 shares of the technology company’s stock worth $3,878,000 after buying an additional 3,398 shares during the period. Finally, Cannon Global Investment Management LLC purchased a new stake in The Liberty SiriusXM Group during the 4th quarter worth approximately $380,000. 56.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Liberty SiriusXM Group

In related news, major shareholder Berkshire Hathaway Inc sold 52,911 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $34.06, for a total value of $1,802,148.66. Following the transaction, the insider now directly owns 4,999,007 shares of the company’s stock, valued at approximately $170,266,178.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Chairman John C. Malone sold 139,065 shares of the 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 directly owns 2,401,365 shares of the company’s stock, valued at approximately $165,646,157.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Berkshire Hathaway Inc sold 52,911 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $34.06, for a total transaction of $1,802,148.66. Following the transaction, the insider now directly owns 4,999,007 shares in the company, valued at $170,266,178.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 282,072 shares of company stock valued at $17,749,275. Insiders own 12.47% of the company’s stock.

The Liberty SiriusXM Group Stock Performance

Shares of NASDAQ:LSXMK traded up $0.12 during trading hours on Friday, reaching $22.56. The stock had a trading volume of 1,251,074 shares, compared to its average volume of 1,936,733. The Liberty SiriusXM Group has a 1 year low of $20.05 and a 1 year high of $31.67. The firm’s 50 day moving average is $22.15 and its 200-day moving average is $26.13. The stock has a market capitalization of $7.37 billion and a price-to-earnings ratio of 9.28.

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

Analyst Ratings Changes

Separately, Seaport Res Ptn raised shares of The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $36.00.

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.