The Liberty SiriusXM Group (NASDAQ:LSXMK) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its position in The Liberty SiriusXM Group (NASDAQ:LSXMK) by 8.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 288,545 shares of the technology company’s stock after selling 25,407 shares during the quarter. California Public Employees Retirement System’s holdings in The Liberty SiriusXM Group were worth $8,304,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LSXMK. Signaturefd LLC lifted its position in The Liberty SiriusXM Group by 52.9% during the 3rd quarter. Signaturefd LLC now owns 3,326 shares of the technology company’s stock worth $85,000 after acquiring an additional 1,151 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of The Liberty SiriusXM Group during the third quarter worth $178,000. CI Investments Inc. boosted its stake in shares of The Liberty SiriusXM Group by 3,206.0% in the third quarter. CI Investments Inc. now owns 7,108 shares of the technology company’s stock valued at $181,000 after purchasing an additional 6,893 shares during the period. Beach Investment Counsel Inc. PA acquired a new stake in The Liberty SiriusXM Group during the 4th quarter valued at $215,000. Finally, Daiwa Securities Group Inc. increased its stake in The Liberty SiriusXM Group by 8.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 8,709 shares of the technology company’s stock worth $222,000 after buying an additional 700 shares during the period. Hedge funds and other institutional investors own 56.58% of the company’s stock.

Analyst Upgrades and Downgrades

LSXMK has been the subject of several recent analyst reports. StockNews.com upgraded The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Seaport Res Ptn upgraded The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $36.00.

Insider Transactions at The Liberty SiriusXM Group

In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc bought 219,303 shares of the stock in a transaction on Friday, April 26th. The stock was purchased at an average price of $24.46 per share, for a total transaction of $5,364,151.38. Following the completion of the purchase, the insider now directly owns 35,182,219 shares in the company, valued at $860,557,076.74. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders bought 6,457,501 shares of company stock worth $179,148,132. 12.47% of the stock is currently owned by corporate insiders.

The Liberty SiriusXM Group Price Performance

Shares of LSXMK stock opened at $25.05 on Friday. The firm has a fifty day moving average of $27.51 and a two-hundred day moving average of $27.89. The Liberty SiriusXM Group has a 1-year low of $22.24 and a 1-year high of $31.67.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last posted its quarterly 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 firm had revenue of $2.29 billion during the quarter. On average, research analysts forecast that The Liberty SiriusXM Group will post 3.52 EPS for the current fiscal year.

The Liberty SiriusXM Group Profile

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.