Short Interest in The Liberty SiriusXM Group (NASDAQ:LSXMA) Declines By 5.9%

The Liberty SiriusXM Group (NASDAQ:LSXMAGet Free Report) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 4,450,000 shares, a drop of 5.9% from the December 31st total of 4,730,000 shares. Based on an average daily volume of 1,080,000 shares, the short-interest ratio is presently 4.1 days. Currently, 4.7% of the company’s stock are short sold.

Insider Activity at The Liberty SiriusXM Group

In related news, Director Malcolm Ian Grant Gilchrist sold 3,258 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $65.07, for a total value of $211,998.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Malcolm Ian Grant Gilchrist sold 3,258 shares of The Liberty SiriusXM Group stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $65.07, for a total value of $211,998.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Berkshire Hathaway Inc acquired 469,563 shares of the firm’s stock in a transaction dated Friday, January 12th. The stock was purchased at an average cost of $30.40 per share, with a total value of $14,274,715.20. Following the transaction, the insider now owns 21,767,997 shares in the company, valued at $661,747,108.80. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 1,802,896 shares of company stock valued at $55,270,571.

Institutional Trading of The Liberty SiriusXM Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its holdings in shares of The Liberty SiriusXM Group by 0.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 37,665 shares of the technology company’s stock worth $1,434,000 after buying an additional 297 shares during the period. Captrust Financial Advisors raised its position in shares of The Liberty SiriusXM Group by 4.7% in the 2nd quarter. Captrust Financial Advisors now owns 9,775 shares of the technology company’s stock valued at $352,000 after buying an additional 439 shares in the last quarter. Franklin Resources Inc. raised its position in shares of The Liberty SiriusXM Group by 23.6% in the 4th quarter. Franklin Resources Inc. now owns 2,542 shares of the technology company’s stock valued at $100,000 after buying an additional 486 shares in the last quarter. Lindbrook Capital LLC raised its position in shares of The Liberty SiriusXM Group by 44.7% in the 2nd quarter. Lindbrook Capital LLC now owns 1,576 shares of the technology company’s stock valued at $52,000 after buying an additional 487 shares in the last quarter. Finally, Brown Advisory Inc. raised its position in shares of The Liberty SiriusXM Group by 1.9% in the 2nd quarter. Brown Advisory Inc. now owns 31,020 shares of the technology company’s stock valued at $1,018,000 after buying an additional 581 shares in the last quarter. Institutional investors own 0.40% of the company’s stock.

The Liberty SiriusXM Group Price Performance

Shares of LSXMA opened at $30.39 on Thursday. The firm has a 50-day moving average of $28.77 and a 200-day moving average of $26.70. The Liberty SiriusXM Group has a one year low of $22.01 and a one year high of $31.69.

The Liberty SiriusXM Group (NASDAQ:LSXMAGet Free Report) last announced its earnings results on Friday, November 3rd. The technology company reported $0.89 EPS for the quarter. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.28 billion. As a group, analysts expect that The Liberty SiriusXM Group will post 3.11 EPS for the current year.

About The Liberty SiriusXM Group

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The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States and Canada. 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 applications for mobile and home devices, and other consumer electronic equipment.

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