The Liberty SiriusXM Group (NASDAQ:LSXMA) Downgraded by Citigroup to Neutral

Citigroup downgraded shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) from a buy rating to a neutral rating in a research note released on Wednesday morning, MarketBeat.com reports. The firm currently has $28.00 target price on the technology company’s stock, down from their prior target price of $35.00.

The Liberty SiriusXM Group Trading Down 0.6 %

Shares of LSXMA opened at $25.23 on Wednesday. The business’s 50-day moving average price is $28.33 and its 200-day moving average price is $28.00. The Liberty SiriusXM Group has a twelve month low of $22.01 and a twelve month high of $31.69.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last posted its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.53 earnings per share for the quarter. The company had revenue of $2.29 billion during the quarter. As a group, equities research analysts forecast that The Liberty SiriusXM Group will post 1.41 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Berkshire Hathaway Inc acquired 175,827 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average cost of $30.70 per share, for a total transaction of $5,397,888.90. Following the completion of the transaction, the insider now owns 48,499,472 shares in the company, valued at $1,488,933,790.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have purchased 6,474,739 shares of company stock worth $183,064,288. Insiders own 12.47% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. TFO Wealth Partners LLC grew its position in The Liberty SiriusXM Group by 70,150.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,405 shares of the technology company’s stock valued at $40,000 after acquiring an additional 1,403 shares during the last quarter. LWM Advisory Services LLC bought a new position in The Liberty SiriusXM Group during the third quarter valued at approximately $134,000. Seizert Capital Partners LLC bought a new position in The Liberty SiriusXM Group during the fourth quarter valued at approximately $224,000. Robeco Institutional Asset Management B.V. purchased a new stake in shares of The Liberty SiriusXM Group during the fourth quarter valued at approximately $234,000. Finally, Jump Financial LLC purchased a new stake in shares of The Liberty SiriusXM Group during the third quarter valued at approximately $244,000. 28.72% of the stock is currently owned by institutional investors.

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.