The Liberty SiriusXM Group (NASDAQ:LSXMK) Chairman John C. Malone Sells 89,951 Shares of Stock

The Liberty SiriusXM Group (NASDAQ:LSXMKGet Free Report) Chairman John C. Malone sold 89,951 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $70.53, for a total transaction of $6,344,244.03. Following the sale, the chairman now owns 2,540,430 shares in the company, valued at approximately $179,176,527.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

The Liberty SiriusXM Group Stock Up 0.3 %

LSXMK stock opened at $25.34 on Wednesday. The company has a 50 day moving average of $26.93 and a two-hundred day moving average of $27.95. The Liberty SiriusXM Group has a 12-month low of $22.24 and a 12-month high of $31.67. The company has a market cap of $8.28 billion and a price-to-earnings ratio of 10.43.

The Liberty SiriusXM Group (NASDAQ:LSXMKGet Free Report) last released its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $2.29 billion for the quarter. On average, research analysts anticipate that The Liberty SiriusXM Group will post 3.52 EPS for the current year.

Wall Street Analyst Weigh In

LSXMK has been the topic of several recent analyst reports. 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. StockNews.com raised The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Two 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.00.

View Our Latest Research Report on The Liberty SiriusXM Group

Hedge Funds Weigh In On The Liberty SiriusXM Group

A number of hedge funds have recently added to or reduced their stakes in LSXMK. Norges Bank acquired a new stake in shares of The Liberty SiriusXM Group in the fourth quarter worth about $60,012,000. Vanguard Group Inc. boosted its position in The Liberty SiriusXM Group by 11.2% during the first quarter. Vanguard Group Inc. now owns 15,405,871 shares of the technology company’s stock worth $457,708,000 after purchasing an additional 1,554,904 shares during the period. Cadian Capital Management LP acquired a new position in The Liberty SiriusXM Group during the third quarter valued at approximately $31,978,000. Boussard & Gavaudan Investment Management LLP bought a new position in shares of The Liberty SiriusXM Group in the fourth quarter valued at approximately $34,834,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of 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 worth $41,494,000 after buying an additional 927,563 shares during the last quarter. Institutional investors and hedge funds own 56.58% of the company’s stock.

The Liberty SiriusXM Group Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for The Liberty SiriusXM Group (NASDAQ:LSXMK)

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