The Liberty SiriusXM Group (NASDAQ:LSXMK) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in shares of The Liberty SiriusXM Group (NASDAQ:LSXMKFree Report) by 0.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 385,032 shares of the technology company’s stock after selling 2,133 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.12% of The Liberty SiriusXM Group worth $11,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of The Liberty SiriusXM Group by 9.6% in the 4th quarter. Vanguard Group Inc. now owns 13,850,967 shares of the technology company’s stock valued at $398,631,000 after purchasing an additional 1,208,124 shares during the period. Thompson Siegel & Walmsley LLC raised its position in shares of The Liberty SiriusXM Group by 4.4% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 3,205,655 shares of the technology company’s stock worth $92,259,000 after acquiring an additional 135,472 shares during the period. Norges Bank purchased a new stake in shares of The Liberty SiriusXM Group during the 4th quarter worth about $60,012,000. Cadian Capital Management LP grew its position in shares of The Liberty SiriusXM Group by 39.4% during the 4th quarter. Cadian Capital Management LP now owns 1,751,008 shares of the technology company’s stock valued at $50,394,000 after acquiring an additional 495,000 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of The Liberty SiriusXM Group by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,693,734 shares of the technology company’s stock valued at $48,746,000 after acquiring an additional 63,949 shares during the period. 56.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Read Our Latest Report on LSXMK

The Liberty SiriusXM Group Stock Up 1.2 %

LSXMK stock opened at $22.82 on Wednesday. The stock has a market capitalization of $7.46 billion and a P/E ratio of 9.39. The Liberty SiriusXM Group has a 52 week low of $20.05 and a 52 week high of $31.67. The firm has a 50-day simple moving average of $22.72 and a 200-day simple moving average of $26.75.

The Liberty SiriusXM Group (NASDAQ:LSXMKGet Free Report) last announced its earnings results on Wednesday, May 8th. The technology company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.05). The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion.

Insider Buying and Selling at The Liberty SiriusXM Group

In related news, Chairman John C. Malone sold 89,951 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $70.53, for a total transaction of $6,344,244.03. Following the completion of the sale, the chairman now owns 2,540,430 shares of the company’s stock, valued at approximately $179,176,527.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Berkshire Hathaway Inc acquired 123,388 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was purchased at an average price of $25.22 per share, with a total value of $3,111,845.36. Following the completion of the acquisition, the insider now owns 34,805,607 shares of the company’s stock, valued at approximately $877,797,408.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman John C. Malone sold 89,951 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $70.53, for a total transaction of $6,344,244.03. Following the sale, the chairman now owns 2,540,430 shares of the company’s stock, valued at $179,176,527.90. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 1,067,555 shares of company stock worth $26,983,738 and have sold 282,072 shares worth $17,749,275.

About The Liberty SiriusXM Group

(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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