Traders Buy High Volume of The Liberty SiriusXM Group Put Options (NASDAQ:LSXMK)

The Liberty SiriusXM Group (NASDAQ:LSXMK) was the recipient of some unusual options trading on Tuesday. Investors acquired 2,310 put options on the stock. This represents an increase of approximately 35% compared to the average daily volume of 1,717 put options.

Insider Buying and Selling at The Liberty SiriusXM Group

In other news, major shareholder Berkshire Hathaway Inc purchased 20,609 shares of The Liberty SiriusXM Group stock in a transaction that occurred on Monday, March 11th. The shares were bought at an average cost of $29.94 per share, with a total value of $617,033.46. Following the completion of the purchase, the insider now directly owns 25,773,955 shares in the company, valued at $771,672,212.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders purchased 7,264,095 shares of company stock worth $207,506,924.

Institutional Investors Weigh In On The Liberty SiriusXM Group

Several large investors have recently bought and sold shares of the business. State of New Jersey Common Pension Fund D lifted its stake in The Liberty SiriusXM Group by 22.7% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 105,107 shares of the technology company’s stock valued at $2,676,000 after acquiring an additional 19,419 shares during the period. Hsbc Holdings PLC raised its holdings in shares of The Liberty SiriusXM Group by 214.0% during the third quarter. Hsbc Holdings PLC now owns 179,449 shares of the technology company’s stock valued at $4,569,000 after purchasing an additional 122,291 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in The Liberty SiriusXM Group by 1,181.3% during the third quarter. Qube Research & Technologies Ltd now owns 158,935 shares of the technology company’s stock valued at $4,046,000 after purchasing an additional 146,531 shares during the period. Northern Trust Corp boosted its holdings in The Liberty SiriusXM Group by 13.6% in the third quarter. Northern Trust Corp now owns 1,066,799 shares of the technology company’s stock worth $27,161,000 after purchasing an additional 128,077 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its position in The Liberty SiriusXM Group by 14.6% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,881,543 shares of the technology company’s stock worth $47,904,000 after purchasing an additional 239,744 shares during the period. 56.58% of the stock is currently owned by institutional investors.

The Liberty SiriusXM Group Trading Down 1.6 %

NASDAQ:LSXMK opened at $24.46 on Wednesday. The company’s 50 day moving average price is $28.91 and its 200-day moving average price is $28.00. The Liberty SiriusXM Group has a 52 week low of $22.24 and a 52 week high of $31.67.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last posted its earnings results on Wednesday, February 28th. The technology company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The business had revenue of $2.29 billion during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com raised The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th.

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.