The Liberty SiriusXM Group (NASDAQ:LSXMK) Chairman John C. Malone Sells 285,320 Shares of Stock

The Liberty SiriusXM Group (NASDAQ:LSXMK – Get Rating) Chairman John C. Malone sold 285,320 shares of the stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $74.95, for a total value of $21,384,734.00. Following the sale, the chairman now owns 3,670,061 shares in the company, valued at $275,071,071.95. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

The Liberty SiriusXM Group Price Performance

LSXMK stock opened at $29.68 on Wednesday. The company has a market cap of $9.69 billion, a P/E ratio of 8.13, a price-to-earnings-growth ratio of 0.19 and a beta of 1.13. The Liberty SiriusXM Group has a 1 year low of $29.63 and a 1 year high of $47.01. The stock’s fifty day moving average price is $37.13 and its 200-day moving average price is $39.72.

The Liberty SiriusXM Group (NASDAQ:LSXMK – Get Rating) last released its quarterly earnings results on Wednesday, March 1st. The technology company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.19. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.31 billion. As a group, analysts expect that The Liberty SiriusXM Group will post 3.43 earnings per share for the current year.

Hedge Funds Weigh In On The Liberty SiriusXM Group

A number of institutional investors have recently bought and sold shares of LSXMK. Cambridge Investment Research Advisors Inc. bought a new position in The Liberty SiriusXM Group in the 1st quarter worth $207,000. Citigroup Inc. raised its holdings in The Liberty SiriusXM Group by 22.7% in the 1st quarter. Citigroup Inc. now owns 94,617 shares of the technology company’s stock worth $4,327,000 after purchasing an additional 17,515 shares during the period. MetLife Investment Management LLC bought a new position in The Liberty SiriusXM Group in the 1st quarter worth $146,000. BlackRock Inc. raised its holdings in The Liberty SiriusXM Group by 0.5% in the 1st quarter. BlackRock Inc. now owns 10,572,200 shares of the technology company’s stock worth $483,466,000 after purchasing an additional 49,981 shares during the period. Finally, Great West Life Assurance Co. Can raised its holdings in The Liberty SiriusXM Group by 0.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 131,039 shares of the technology company’s stock worth $6,355,000 after purchasing an additional 378 shares during the period. 55.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LSXMK has been the topic of several recent analyst reports. Pivotal Research cut their target price on The Liberty SiriusXM Group from $57.00 to $44.00 in a research note on Thursday, March 2nd. StockNews.com downgraded The Liberty SiriusXM Group from a “buy” rating to a “hold” rating in a research note on Monday.

The Liberty SiriusXM Group Company Profile

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Liberty Media Corp. engages in the operation of media, communications, and entertainment businesses. It operates through the following segments: Sirius XM Holdings, Formula 1. The Sirius XM Holdings segment refers to the complementary audio entertainment businesses, Sirius XM and Pandora. Sirius XM features music, sports, entertainment, comedy, talk, news, traffic, weather channels, and infotainment services.