Teacher Retirement System of Texas Grows Stake in The Liberty SiriusXM Group (NASDAQ:LSXMK)

Teacher Retirement System of Texas increased its stake in The Liberty SiriusXM Group (NASDAQ:LSXMK - Free Report) by 19.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 286,439 shares of the technology company's stock after purchasing an additional 47,032 shares during the period. Teacher Retirement System of Texas owned approximately 0.09% of The Liberty SiriusXM Group worth $8,244,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. VisionPoint Advisory Group LLC lifted its stake in The Liberty SiriusXM Group by 1.5% during the fourth quarter. VisionPoint Advisory Group LLC now owns 69,322 shares of the technology company's stock worth $1,995,000 after purchasing an additional 1,054 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in The Liberty SiriusXM Group by 4.4% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 3,205,655 shares of the technology company's stock valued at $92,259,000 after buying an additional 135,472 shares in the last quarter. Principal Securities Inc. bought a new position in The Liberty SiriusXM Group in the fourth quarter valued at about $66,000. Wealthspire Advisors LLC acquired a new position in The Liberty SiriusXM Group during the fourth quarter worth about $210,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of The Liberty SiriusXM Group by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,693,734 shares of the technology company's stock worth $48,746,000 after acquiring an additional 63,949 shares during the last quarter. Institutional investors and hedge funds own 56.58% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on LSXMK shares. 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 upgraded The Liberty SiriusXM Group from a "neutral" rating to a "buy" rating in a research note on Monday, April 29th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, The Liberty SiriusXM Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.00.

The Liberty SiriusXM Group Stock Performance

LSXMK traded up $0.57 during midday trading on Monday, reaching $25.26. 1,795,032 shares of the company were exchanged, compared to its average volume of 2,188,214. The Liberty SiriusXM Group has a one year low of $22.24 and a one year high of $31.67. The company's fifty day moving average price is $27.01 and its 200 day moving average price is $27.94. The company has a market cap of $8.25 billion and a price-to-earnings ratio of 10.40.

The Liberty SiriusXM Group (NASDAQ:LSXMK - Get Free Report) last posted its earnings results on Wednesday, February 28th. The technology company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.52 by $0.01. The firm had revenue of $2.29 billion for the quarter. As a group, sell-side analysts anticipate that The Liberty SiriusXM Group will post 3.52 earnings per share for the current fiscal year.

Insider Transactions at The Liberty SiriusXM Group

In other news, major shareholder Berkshire Hathaway Inc acquired 1,188,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average cost of $29.39 per share, for a total transaction of $34,915,320.00. Following the purchase, the insider now owns 50,682,902 shares of the company's stock, valued at approximately $1,489,570,489.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased a total of 6,457,501 shares of company stock worth $179,148,132 in the last quarter.

About The Liberty SiriusXM Group

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.