The Liberty SiriusXM Group (NASDAQ:LSXMA) Share Price Crosses Below 50 Day Moving Average of $28.64

The Liberty SiriusXM Group (NASDAQ:LSXMA)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $28.64 and traded as low as $24.26. The Liberty SiriusXM Group shares last traded at $24.51, with a volume of 1,907,102 shares trading hands.

The Liberty SiriusXM Group Stock Up 0.7 %

The firm has a 50 day moving average price of $28.64 and a 200-day moving average price of $27.96.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last posted its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.53 earnings per share (EPS) for the quarter. The company had revenue of $2.29 billion during the quarter. On average, sell-side analysts predict that The Liberty SiriusXM Group will post 1.41 earnings per share for the current fiscal year.

Insider Transactions at The Liberty SiriusXM Group

In other news, major shareholder Berkshire Hathaway Inc acquired 139,132 shares of The Liberty SiriusXM Group stock in a transaction on Thursday, January 25th. The shares were bought at an average cost of $30.99 per share, for a total transaction of $4,311,700.68. Following the acquisition, the insider now directly owns 47,471,419 shares of the company’s stock, valued at approximately $1,471,139,274.81. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have acquired 7,264,095 shares of company stock worth $207,506,924. 12.47% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC increased its holdings in shares of The Liberty SiriusXM Group by 305.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,213 shares of the technology company’s stock valued at $34,000 after acquiring an additional 914 shares during the period. TFO Wealth Partners LLC increased its holdings in shares of The Liberty SiriusXM Group by 70,150.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,405 shares of the technology company’s stock valued at $40,000 after acquiring an additional 1,403 shares during the period. Atlas Capital Advisors LLC purchased a new position in shares of The Liberty SiriusXM Group in the 2nd quarter valued at $51,000. Ossiam increased its holdings in shares of The Liberty SiriusXM Group by 76.8% in the 1st quarter. Ossiam now owns 1,579 shares of the technology company’s stock valued at $44,000 after acquiring an additional 686 shares during the period. Finally, MetLife Investment Management LLC purchased a new position in shares of The Liberty SiriusXM Group in the 1st quarter valued at $85,000. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

About The Liberty SiriusXM Group

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.