The Liberty SiriusXM Group (NASDAQ:LSXMK) Major Shareholder Berkshire Hathaway Inc Acquires 413,227 Shares

The Liberty SiriusXM Group (NASDAQ:LSXMKGet Free Report) major shareholder Berkshire Hathaway Inc acquired 413,227 shares of the stock in a transaction dated Friday, April 12th. The stock was acquired at an average price of $25.58 per share, for a total transaction of $10,570,346.66. Following the purchase, the insider now directly owns 69,044,244 shares in the company, valued at $1,766,151,761.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Berkshire Hathaway Inc also recently made the following trade(s):

  • On Wednesday, April 10th, Berkshire Hathaway Inc bought 513,104 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average price of $25.96 per share, for a total transaction of $13,320,179.84.
  • On Monday, April 8th, Berkshire Hathaway Inc bought 938,896 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average price of $26.98 per share, for a total transaction of $25,331,414.08.
  • On Thursday, April 4th, Berkshire Hathaway Inc bought 1,250,000 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average price of $27.76 per share, for a total transaction of $34,700,000.00.
  • On Wednesday, March 27th, Berkshire Hathaway Inc bought 189,759 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average price of $29.25 per share, for a total transaction of $5,550,450.75.
  • On Monday, March 25th, Berkshire Hathaway Inc acquired 199,664 shares of The Liberty SiriusXM Group stock. The shares were bought at an average cost of $28.82 per share, with a total value of $5,754,316.48.
  • On Thursday, March 21st, Berkshire Hathaway Inc acquired 333,916 shares of The Liberty SiriusXM Group stock. The shares were bought at an average cost of $28.92 per share, with a total value of $9,656,850.72.
  • On Monday, March 11th, Berkshire Hathaway Inc acquired 20,609 shares of The Liberty SiriusXM Group stock. The shares were bought at an average cost of $29.94 per share, with a total value of $617,033.46.
  • On Friday, March 8th, Berkshire Hathaway Inc acquired 521,804 shares of The Liberty SiriusXM Group stock. The shares were bought at an average cost of $29.86 per share, with a total value of $15,581,067.44.
  • On Wednesday, March 6th, Berkshire Hathaway Inc acquired 1,188,000 shares of The Liberty SiriusXM Group stock. The shares were bought at an average cost of $29.39 per share, with a total value of $34,915,320.00.
  • On Monday, March 4th, Berkshire Hathaway Inc acquired 234,194 shares of The Liberty SiriusXM Group stock. The shares were bought at an average cost of $28.77 per share, with a total value of $6,737,761.38.

The Liberty SiriusXM Group Trading Down 2.7 %

Shares of LSXMK stock traded down $0.70 on Friday, reaching $25.42. The company’s stock had a trading volume of 2,451,094 shares, compared to its average volume of 2,289,537. The stock’s fifty day simple moving average is $29.25 and its 200-day simple moving average is $27.94. 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:LSXMKGet Free Report) last posted its earnings results on Wednesday, February 28th. The technology company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The business had revenue of $2.29 billion during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th.

Get Our Latest Report on LSXMK

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LSXMK. Almanack Investment Partners LLC. purchased a new position in The Liberty SiriusXM Group during the third quarter worth $29,000. UniSuper Management Pty Ltd purchased a new position in The Liberty SiriusXM Group during the second quarter worth $39,000. Ossiam boosted its stake in The Liberty SiriusXM Group by 51.7% during the first quarter. Ossiam now owns 1,978 shares of the technology company’s stock worth $55,000 after buying an additional 674 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in The Liberty SiriusXM Group by 312.3% during the third quarter. O Shaughnessy Asset Management LLC now owns 2,280 shares of the technology company’s stock worth $58,000 after buying an additional 1,727 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in The Liberty SiriusXM Group by 296.7% during the third quarter. Tower Research Capital LLC TRC now owns 2,404 shares of the technology company’s stock worth $61,000 after buying an additional 1,798 shares during the period. 56.58% of the stock is owned by hedge funds and other institutional investors.

The Liberty SiriusXM Group Company Profile

(Get 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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Insider Buying and Selling by Quarter for The Liberty SiriusXM Group (NASDAQ:LSXMK)

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