Principal Financial Group Inc. Purchases 3,157 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMK)

Principal Financial Group Inc. lifted its position in The Liberty SiriusXM Group (NASDAQ:LSXMKFree Report) by 32.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,842 shares of the technology company’s stock after buying an additional 3,157 shares during the quarter. Principal Financial Group Inc.’s holdings in The Liberty SiriusXM Group were worth $382,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Northern Trust Corp boosted its position in The Liberty SiriusXM Group by 13.6% during 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 period. Graham Capital Management L.P. bought a new stake in The Liberty SiriusXM Group during the third quarter worth approximately $1,485,000. Beach Investment Counsel Inc. PA bought a new stake in The Liberty SiriusXM Group during the fourth quarter worth approximately $215,000. First Hawaiian Bank bought a new stake in The Liberty SiriusXM Group during the fourth quarter worth approximately $685,000. Finally, Banyan Capital Management Inc. boosted its position in The Liberty SiriusXM Group by 3.8% during the fourth quarter. Banyan Capital Management Inc. now owns 339,627 shares of the technology company’s stock worth $9,775,000 after purchasing an additional 12,454 shares during the period. Institutional investors own 56.58% of the company’s stock.

The Liberty SiriusXM Group Trading Up 1.6 %

LSXMK opened at $23.20 on Friday. The Liberty SiriusXM Group has a 1-year low of $20.05 and a 1-year high of $31.67. The stock has a market capitalization of $7.58 billion and a price-to-earnings ratio of 9.55. The business has a 50 day moving average of $22.78 and a 200-day moving average of $26.80.

The Liberty SiriusXM Group (NASDAQ:LSXMKGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.05). The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion.

Insider Activity at The Liberty SiriusXM Group

In other news, major shareholder Berkshire Hathaway Inc bought 219,303 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was acquired at an average cost of $24.46 per share, for a total transaction of $5,364,151.38. Following the completion of the purchase, the insider now owns 35,182,219 shares of the company’s stock, valued at approximately $860,557,076.74. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Berkshire Hathaway Inc bought 219,303 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was acquired at an average cost of $24.46 per share, for a total transaction of $5,364,151.38. Following the completion of the purchase, the insider now owns 35,182,219 shares of the company’s stock, valued at approximately $860,557,076.74. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman John C. Malone sold 139,065 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $68.98, for a total value of $9,592,703.70. Following the completion of the transaction, the chairman now owns 2,401,365 shares of the company’s stock, valued at $165,646,157.70. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 2,519,555 shares of company stock worth $65,635,332 and sold 282,072 shares worth $17,749,275.

Analyst Upgrades and Downgrades

Separately, Seaport Res Ptn raised The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, The Liberty SiriusXM Group has a consensus rating of “Moderate Buy” and a consensus target price of $36.00.

View Our Latest Stock Analysis on LSXMK

The Liberty SiriusXM Group 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.

Featured Stories

Want to see what other hedge funds are holding LSXMK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Liberty SiriusXM Group (NASDAQ:LSXMKFree Report).

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

Receive News & Ratings for The Liberty SiriusXM Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Liberty SiriusXM Group and related companies with MarketBeat.com's FREE daily email newsletter.