64,208 Shares in The Liberty SiriusXM Group (NASDAQ:LSXMK) Bought by Readystate Asset Management LP

Readystate Asset Management LP bought a new position in shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 64,208 shares of the technology company’s stock, valued at approximately $1,848,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LSXMK. Almanack Investment Partners LLC. purchased a new stake in The Liberty SiriusXM Group during the 3rd quarter valued at about $29,000. UniSuper Management Pty Ltd purchased a new stake in The Liberty SiriusXM Group during the 2nd quarter valued at about $39,000. Ossiam grew its stake in The Liberty SiriusXM Group by 51.7% during the 1st quarter. Ossiam now owns 1,978 shares of the technology company’s stock valued at $55,000 after purchasing an additional 674 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in The Liberty SiriusXM Group by 312.3% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 2,280 shares of the technology company’s stock valued at $58,000 after purchasing an additional 1,727 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in The Liberty SiriusXM Group by 296.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,404 shares of the technology company’s stock valued at $61,000 after purchasing an additional 1,798 shares during the last quarter. 56.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Berkshire Hathaway Inc purchased 139,132 shares of the stock in a transaction dated Thursday, January 25th. The stock was acquired at an average cost of $30.99 per share, for a total transaction of $4,311,700.68. Following the completion of the transaction, the insider now directly owns 47,471,419 shares in the company, valued at approximately $1,471,139,274.81. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last three months, insiders acquired 7,264,095 shares of company stock worth $207,506,924.

Analyst Ratings Changes

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

The Liberty SiriusXM Group Price Performance

Shares of LSXMK stock traded down $0.26 during trading hours on Wednesday, reaching $24.20. The company had a trading volume of 1,773,556 shares, compared to its average volume of 2,279,075. The stock has a fifty day moving average of $28.78 and a 200-day moving average of $27.97. The Liberty SiriusXM Group has a 12-month low of $22.24 and a 12-month high of $31.67.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last issued its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. The business had revenue of $2.29 billion during the quarter.

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.