The Liberty SiriusXM Group (NASDAQ:LSXMK - Get Free Report) saw unusually large options trading on Tuesday. Stock investors purchased 2,310 put options on the company. This represents an increase of 35% compared to the average daily volume of 1,717 put options.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded The Liberty SiriusXM Group from a "sell" rating to a "hold" rating in a research note on Wednesday, March 6th.
Check Out Our Latest Stock Report on LSXMK
Insider Buying and Selling
In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc bought 139,132 shares of The Liberty SiriusXM Group stock in a transaction on Thursday, January 25th. The shares were acquired at an average price of $30.99 per share, for a total transaction of $4,311,700.68. Following the completion of the purchase, the insider now directly owns 47,471,419 shares in the company, valued at approximately $1,471,139,274.81. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders purchased a total of 7,264,095 shares of company stock worth $207,506,924 over the last three months.
Hedge Funds Weigh In On The Liberty SiriusXM Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Almanack Investment Partners LLC. purchased a new position in The Liberty SiriusXM Group in the third quarter valued at about $29,000. UniSuper Management Pty Ltd purchased a new position in The Liberty SiriusXM Group in the second quarter valued at about $39,000. Ossiam boosted its holdings in The Liberty SiriusXM Group by 51.7% in the first quarter. Ossiam now owns 1,978 shares of the technology company's stock worth $55,000 after acquiring an additional 674 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of The Liberty SiriusXM Group during the fourth quarter worth about $66,000. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of The Liberty SiriusXM Group by 312.3% during the third quarter. O Shaughnessy Asset Management LLC now owns 2,280 shares of the technology company's stock worth $58,000 after acquiring an additional 1,727 shares during the last quarter. Hedge funds and other institutional investors own 56.58% of the company's stock.
The Liberty SiriusXM Group Stock Performance
Shares of The Liberty SiriusXM Group stock traded down $0.40 during trading on Tuesday, hitting $24.46. 1,793,124 shares of the stock traded hands, compared to its average volume of 2,285,999. The Liberty SiriusXM Group has a 52-week low of $22.24 and a 52-week high of $31.67. The stock's fifty day simple moving average is $29.03 and its 200 day simple moving average is $28.01.
The Liberty SiriusXM Group (NASDAQ:LSXMK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.52 by $0.01. The firm had revenue of $2.29 billion for the quarter.
The Liberty SiriusXM Group Company Profile
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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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