Hi Line Capital Management LLC trimmed its stake in shares of The Liberty SiriusXM Group (NASDAQ:LSXMK - Free Report) by 8.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 411,327 shares of the technology company's stock after selling 35,587 shares during the quarter. The Liberty SiriusXM Group accounts for 4.6% of Hi Line Capital Management LLC's portfolio, making the stock its 8th largest holding. Hi Line Capital Management LLC owned approximately 0.13% of The Liberty SiriusXM Group worth $11,838,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of LSXMK. Signaturefd LLC raised its stake in shares of The Liberty SiriusXM Group by 52.9% in the 3rd quarter. Signaturefd LLC now owns 3,326 shares of the technology company's stock valued at $85,000 after purchasing an additional 1,151 shares during the period. Headlands Technologies LLC lifted its position 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 acquiring an additional 2,907 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of The Liberty SiriusXM Group in the third quarter valued at approximately $178,000. CI Investments Inc. increased its stake in The Liberty SiriusXM Group by 3,206.0% in the third quarter. CI Investments Inc. now owns 7,108 shares of the technology company's stock valued at $181,000 after acquiring an additional 6,893 shares during the last quarter. Finally, Beach Investment Counsel Inc. PA bought a new position in The Liberty SiriusXM Group in the fourth quarter valued at approximately $215,000. 56.58% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, major shareholder Berkshire Hathaway Inc bought 20,609 shares of the company's stock in a transaction dated Monday, March 11th. The shares were purchased at an average price of $29.94 per share, for a total transaction of $617,033.46. Following the completion of the purchase, the insider now owns 25,773,955 shares in the company, valued at approximately $771,672,212.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last quarter, insiders have acquired 6,457,501 shares of company stock worth $179,148,132.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. StockNews.com raised shares of The Liberty SiriusXM Group from a "sell" rating to a "hold" rating in a research note on Wednesday, March 6th. 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. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, The Liberty SiriusXM Group currently has an average rating of "Moderate Buy" and a consensus target price of $36.00.
Read Our Latest Analysis on The Liberty SiriusXM Group
The Liberty SiriusXM Group Stock Up 0.2 %
Shares of LSXMK stock traded up $0.05 during midday trading on Thursday, reaching $24.96. 873,940 shares of the stock were exchanged, compared to its average volume of 2,205,963. The company's 50 day moving average is $27.15 and its two-hundred day moving average is $27.88. The Liberty SiriusXM Group has a 1 year low of $22.24 and a 1 year high of $31.67.
The Liberty SiriusXM Group (NASDAQ:LSXMK - Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.01. The business had revenue of $2.29 billion during the quarter. As a group, analysts forecast that The Liberty SiriusXM Group will post 3.52 earnings per share for the current fiscal year.
The Liberty SiriusXM Group Company 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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