The Liberty SiriusXM Group (NASDAQ:LSXMK) Expected to Post Q1 2024 Earnings of $0.76 Per Share

The Liberty SiriusXM Group (NASDAQ:LSXMK) – Seaport Res Ptn issued their Q1 2024 earnings per share (EPS) estimates for shares of The Liberty SiriusXM Group in a report issued on Monday, April 29th. Seaport Res Ptn analyst D. Joyce expects that the technology company will post earnings per share of $0.76 for the quarter. Seaport Res Ptn has a “Buy” rating on the stock. The consensus estimate for The Liberty SiriusXM Group’s current full-year earnings is $3.52 per share. Seaport Res Ptn also issued estimates for The Liberty SiriusXM Group’s Q2 2024 earnings at $0.86 EPS, Q3 2024 earnings at $0.99 EPS, Q4 2024 earnings at $0.90 EPS and FY2024 earnings at $3.52 EPS.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last issued its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.52 by $0.01. The firm had revenue of $2.29 billion during the quarter.

Separately, StockNews.com upgraded The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Two 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, The Liberty SiriusXM Group currently has an average rating of “Moderate Buy” and a consensus price target of $36.00.

The Liberty SiriusXM Group Stock Up 1.1 %

NASDAQ LSXMK opened at $25.05 on Thursday. The Liberty SiriusXM Group has a 52 week low of $22.24 and a 52 week high of $31.67. The company has a 50-day moving average price of $27.51 and a 200-day moving average price of $27.89.

Institutional Investors Weigh In On The Liberty SiriusXM Group

Several large investors have recently bought and sold shares of the business. Principal Securities Inc. bought a new stake in shares of The Liberty SiriusXM Group in the 4th quarter valued at approximately $66,000. TFO Wealth Partners LLC raised its holdings in The Liberty SiriusXM Group by 43,283.3% during the 4th quarter. TFO Wealth Partners LLC now owns 2,603 shares of the technology company’s stock valued at $75,000 after buying an additional 2,597 shares during the period. Signaturefd LLC lifted its position in The Liberty SiriusXM Group by 52.9% in the third quarter. Signaturefd LLC now owns 3,326 shares of the technology company’s stock worth $85,000 after buying an additional 1,151 shares during the last quarter. Headlands Technologies LLC boosted its stake in The Liberty SiriusXM Group by 615.9% during the fourth quarter. Headlands Technologies LLC now owns 3,379 shares of the technology company’s stock worth $97,000 after buying an additional 2,907 shares during the period. Finally, Equitec Proprietary Markets LLC bought a new position in The Liberty SiriusXM Group during the first quarter valued at $123,000. Institutional investors own 56.58% of the company’s stock.

Insider Activity

In other news, major shareholder Berkshire Hathaway Inc bought 1,250,000 shares of The Liberty SiriusXM Group stock in a transaction dated Thursday, April 4th. The shares were purchased at an average cost of $27.76 per share, with a total value of $34,700,000.00. Following the completion of the acquisition, the insider now owns 66,736,288 shares of the company’s stock, valued at approximately $1,852,599,354.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 6,457,501 shares of company stock worth $179,148,132 over the last quarter. Insiders own 12.47% of the company’s stock.

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.