The Liberty SiriusXM Group (NASDAQ:LSXMK) Stock Holdings Lifted by Hi Line Capital Management LLC

Hi Line Capital Management LLC lifted its position in The Liberty SiriusXM Group (NASDAQ:LSXMKFree Report) by 61.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 662,276 shares of the technology company’s stock after buying an additional 250,949 shares during the quarter. The Liberty SiriusXM Group makes up about 7.0% of Hi Line Capital Management LLC’s holdings, making the stock its 3rd largest holding. Hi Line Capital Management LLC’s holdings in The Liberty SiriusXM Group were worth $19,676,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in LSXMK. Norges Bank purchased a new position in The Liberty SiriusXM Group during the fourth quarter valued at approximately $60,012,000. Boussard & Gavaudan Investment Management LLP purchased a new position in The Liberty SiriusXM Group during the fourth quarter valued at approximately $34,834,000. Vanguard Group Inc. grew its position in The Liberty SiriusXM Group by 9.6% during the fourth quarter. Vanguard Group Inc. now owns 13,850,967 shares of the technology company’s stock valued at $398,631,000 after purchasing an additional 1,208,124 shares in the last quarter. AQR Capital Management LLC grew its position in The Liberty SiriusXM Group by 147.2% during the third quarter. AQR Capital Management LLC now owns 1,049,851 shares of the technology company’s stock valued at $26,278,000 after purchasing an additional 625,239 shares in the last quarter. Finally, Laurion Capital Management LP purchased a new position in The Liberty SiriusXM Group during the third quarter valued at approximately $13,736,000. 56.58% of the stock is owned by hedge funds and other institutional investors.

The Liberty SiriusXM Group Trading Up 1.8 %

NASDAQ LSXMK traded up $0.39 during trading on Monday, reaching $22.55. The company’s stock had a trading volume of 1,897,680 shares, compared to its average volume of 2,341,717. The stock has a market capitalization of $7.37 billion and a PE ratio of 9.12. The business has a 50-day moving average price of $22.99 and a 200-day moving average price of $26.98. The Liberty SiriusXM Group has a 1-year low of $20.05 and a 1-year high of $31.67.

The Liberty SiriusXM Group (NASDAQ:LSXMKGet Free Report) last posted its earnings results on Wednesday, May 8th. The technology company reported $0.52 earnings per share (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 analysts’ expectations of $2.14 billion.

Insider Buying and Selling

In other news, major shareholder Berkshire Hathaway Inc acquired 1,250,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was acquired at an average cost of $27.76 per share, with a total value of $34,700,000.00. Following the acquisition, the insider now owns 66,736,288 shares in the company, valued at $1,852,599,354.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Berkshire Hathaway Inc acquired 1,250,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was acquired at an average cost of $27.76 per share, with a total value of $34,700,000.00. Following the acquisition, the insider now owns 66,736,288 shares in the company, valued at $1,852,599,354.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $9,592,703.70. Following the completion of the sale, the chairman now directly owns 2,401,365 shares of the company’s stock, valued at $165,646,157.70. The disclosure for this sale can be found here. In the last three months, insiders bought 3,769,555 shares of company stock valued at $100,335,332 and sold 282,072 shares valued at $17,749,275.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Seaport Res Ptn raised shares of The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th. StockNews.com raised shares of 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 assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.00.

Read Our Latest Stock Report on The Liberty SiriusXM Group

The Liberty SiriusXM Group Profile

(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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Want to see what other hedge funds are holding LSXMK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Liberty SiriusXM Group (NASDAQ:LSXMKFree Report).

Institutional Ownership by Quarter for The Liberty SiriusXM Group (NASDAQ:LSXMK)

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