Brian J. Wendling Sells 1,370 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) Stock

The Liberty SiriusXM Group (NASDAQ:LSXMK – Get Rating) CAO Brian J. Wendling sold 1,370 shares of The Liberty SiriusXM Group stock in a transaction dated Wednesday, January 11th. The shares were sold at an average price of $35.00, for a total transaction of $47,950.00. Following the completion of the transaction, the chief accounting officer now directly owns 14,871 shares of the company’s stock, valued at approximately $520,485. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

The Liberty SiriusXM Group Stock Performance

NASDAQ LSXMK opened at $41.19 on Friday. The firm has a 50-day moving average of $41.38 and a 200-day moving average of $40.61. The stock has a market cap of $13.45 billion, a PE ratio of 15.37, a P/E/G ratio of 0.29 and a beta of 1.13. The Liberty SiriusXM Group has a 52-week low of $34.34 and a 52-week high of $52.43.

The Liberty SiriusXM Group (NASDAQ:LSXMK – Get Rating) last posted its earnings results on Friday, November 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.06). The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.28 billion. As a group, analysts predict that The Liberty SiriusXM Group will post 3.82 EPS for the current fiscal year.

Institutional Trading of The Liberty SiriusXM Group

A number of hedge funds have recently modified their holdings of the stock. Rehmann Capital Advisory Group acquired a new stake in The Liberty SiriusXM Group in the 2nd quarter worth about $208,000. Xponance Inc. acquired a new stake in The Liberty SiriusXM Group in the 2nd quarter worth about $268,000. Prudential PLC raised its stake in The Liberty SiriusXM Group by 43.3% in the 2nd quarter. Prudential PLC now owns 4,759 shares of the technology company’s stock worth $172,000 after purchasing an additional 1,438 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in The Liberty SiriusXM Group by 122.1% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 10,040 shares of the technology company’s stock worth $362,000 after purchasing an additional 5,520 shares in the last quarter. Finally, Norman Fields Gottscho Capital Management LLC raised its stake in The Liberty SiriusXM Group by 3.6% in the 3rd quarter. Norman Fields Gottscho Capital Management LLC now owns 96,161 shares of the technology company’s stock worth $3,626,000 after purchasing an additional 3,351 shares in the last quarter. Institutional investors and hedge funds own 55.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on LSXMK shares. StockNews.com started coverage on shares of The Liberty SiriusXM Group in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Rosenblatt Securities decreased their price objective on shares of The Liberty SiriusXM Group from $85.00 to $84.00 and set a “buy” rating for the company in a research report on Monday, November 7th. Finally, Morgan Stanley cut their target price on shares of The Liberty SiriusXM Group from $47.00 to $41.00 and set an “equal weight” rating for the company in a research note on Monday, November 7th.

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 and Canada. 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 applications for mobile and home devices, and other consumer electronic equipment.