The Liberty SiriusXM Group (NASDAQ:LSXMA) Short Interest Update

The Liberty SiriusXM Group (NASDAQ:LSXMA - Get Free Report) was the target of a large growth in short interest in April. As of April 30th, there was short interest totalling 2,990,000 shares, a growth of 12.4% from the April 15th total of 2,660,000 shares. Based on an average daily volume of 1,630,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately 3.2% of the company's stock are short sold.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LSXMA. 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. Citigroup cut The Liberty SiriusXM Group from a "buy" rating to a "neutral" rating and reduced their target price for the company from $35.00 to $28.00 in a research note on Wednesday, April 24th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, The Liberty SiriusXM Group currently has an average rating of "Moderate Buy" and an average target price of $37.67.

The Liberty SiriusXM Group Trading Down 3.1 %

LSXMA stock traded down $0.79 during midday trading on Wednesday, hitting $24.58. The company's stock had a trading volume of 1,530,034 shares, compared to its average volume of 1,581,167. The Liberty SiriusXM Group has a 12 month low of $22.01 and a 12 month high of $31.69. The company has a market cap of $8.03 billion and a PE ratio of 10.12. The firm's 50-day moving average is $26.99 and its 200-day moving average is $27.99.

The Liberty SiriusXM Group (NASDAQ:LSXMA - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.53 earnings per share (EPS) for the quarter. The firm had revenue of $2.29 billion during the quarter. Analysts expect that The Liberty SiriusXM Group will post 3.02 earnings per share for the current year.

Insider Buying and Selling at The Liberty SiriusXM Group

In related news, major shareholder Berkshire Hathaway Inc bought 234,194 shares of the business's stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average price of $28.77 per share, with a total value of $6,737,761.38. Following the completion of the transaction, the insider now directly owns 48,733,666 shares in the company, valued at $1,402,067,570.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other The Liberty SiriusXM Group news, Chairman John C. Malone sold 89,951 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $70.53, for a total transaction of $6,344,244.03. Following the completion of the transaction, the chairman now directly owns 2,540,430 shares of the company's stock, valued at $179,176,527.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Berkshire Hathaway Inc acquired 234,194 shares of the company's stock in a transaction on Monday, March 4th. The shares were acquired at an average cost of $28.77 per share, for a total transaction of $6,737,761.38. Following the completion of the acquisition, the insider now owns 48,733,666 shares of the company's stock, valued at $1,402,067,570.82. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 6,457,501 shares of company stock worth $179,148,132 and sold 229,103 shares worth $15,940,449.

Institutional Investors Weigh In On The Liberty SiriusXM Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LSXMA. Treasurer of the State of North Carolina increased its holdings in shares of The Liberty SiriusXM Group by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 32,939 shares of the technology company's stock worth $947,000 after purchasing an additional 330 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in The Liberty SiriusXM Group by 1.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 40,795 shares of the technology company's stock worth $1,212,000 after acquiring an additional 651 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of The Liberty SiriusXM Group during the 1st quarter worth approximately $29,000. Equitable Trust Co. boosted its position in shares of The Liberty SiriusXM Group by 7.2% during the 4th quarter. Equitable Trust Co. now owns 16,517 shares of the technology company's stock valued at $475,000 after acquiring an additional 1,105 shares during the last quarter. Finally, Jump Financial LLC grew its holdings in shares of The Liberty SiriusXM Group by 12.7% in the fourth quarter. Jump Financial LLC now owns 10,816 shares of the technology company's stock valued at $311,000 after purchasing an additional 1,216 shares in the last quarter. 28.72% of the stock is owned by hedge funds and other institutional investors.

The Liberty SiriusXM Group Company Profile

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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