Vanguard Group Inc. Has $321.89 Million Stock Position in The Liberty SiriusXM Group (NASDAQ:LSXMK)

Vanguard Group Inc. lowered its holdings in shares of The Liberty SiriusXM Group (NASDAQ:LSXMKFree Report) by 14.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 12,642,843 shares of the technology company’s stock after selling 2,099,036 shares during the period. Vanguard Group Inc.’s holdings in The Liberty SiriusXM Group were worth $321,887,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of LSXMK. Graham Capital Management L.P. bought a new position in The Liberty SiriusXM Group during the third quarter worth $1,485,000. Comerica Bank bought a new position in The Liberty SiriusXM Group during the third quarter worth $814,000. Wolverine Trading LLC bought a new position in The Liberty SiriusXM Group during the third quarter worth $790,000. Morgan Stanley raised its stake in The Liberty SiriusXM Group by 11.9% during the third quarter. Morgan Stanley now owns 1,285,404 shares of the technology company’s stock worth $32,726,000 after buying an additional 136,451 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in The Liberty SiriusXM Group during the third quarter worth $284,000. Institutional investors own 56.58% of the company’s stock.

Analysts Set New Price Targets

Separately, 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.

Check Out Our Latest Report on LSXMK

Insider Transactions at The Liberty SiriusXM Group

In other news, major shareholder Berkshire Hathaway Inc bought 234,194 shares of the stock in a transaction dated Monday, March 4th. The shares were bought at an average cost of $28.77 per share, with a total value of $6,737,761.38. Following the completion of the transaction, the insider now directly owns 48,733,666 shares of the company’s stock, valued at $1,402,067,570.82. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought 4,972,649 shares of company stock valued at $148,862,468 over the last ninety days.

The Liberty SiriusXM Group Price Performance

LSXMK stock opened at $29.52 on Thursday. The Liberty SiriusXM Group has a 1 year low of $22.24 and a 1 year high of $31.67. The company’s 50-day moving average is $29.94 and its 200-day moving average is $27.60.

The Liberty SiriusXM Group (NASDAQ:LSXMKGet Free Report) last issued its earnings results on Wednesday, February 28th. The technology company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $2.29 billion for the quarter.

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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Institutional Ownership by Quarter for The Liberty SiriusXM Group (NASDAQ:LSXMK)

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