The Liberty SiriusXM Group (NASDAQ:LSXMK) Trading 2.7% Higher

The Liberty SiriusXM Group (NASDAQ:LSXMK) traded up 2.7% during trading on Tuesday . The stock traded as high as $23.28 and last traded at $23.28. 631,122 shares were traded during mid-day trading, a decline of 71% from the average session volume of 2,187,225 shares. The stock had previously closed at $22.67.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LSXMK. Rosenblatt Securities decreased their price target on shares of The Liberty SiriusXM Group from $29.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. StockNews.com downgraded shares of The Liberty SiriusXM Group from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Finally, Seaport Res Ptn raised The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th.

The Liberty SiriusXM Group Price Performance

The stock has a market capitalization of $7.62 billion and a P/E ratio of 9.46. The company’s 50-day simple moving average is $22.02 and its 200-day simple moving average is $25.09.

Insider Activity

In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc sold 52,911 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $34.06, for a total value of $1,802,148.66. Following the sale, the insider now owns 4,999,007 shares in the company, valued at $170,266,178.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 12.47% of the stock is owned by insiders.

Institutional Trading of The Liberty SiriusXM Group

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in The Liberty SiriusXM Group by 11.2% in the 1st quarter. Vanguard Group Inc. now owns 15,405,871 shares of the technology company’s stock valued at $457,708,000 after buying an additional 1,554,904 shares in the last quarter. Millennium Management LLC raised its stake in The Liberty SiriusXM Group by 66.4% during the second quarter. Millennium Management LLC now owns 3,512,121 shares of the technology company’s stock worth $77,829,000 after acquiring an additional 1,401,170 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in The Liberty SiriusXM Group by 4.4% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 3,205,655 shares of the technology company’s stock valued at $92,259,000 after purchasing an additional 135,472 shares during the last quarter. Norges Bank bought a new stake in The Liberty SiriusXM Group during the 4th quarter worth $60,012,000. Finally, Cadian Capital Management LP raised its holdings in The Liberty SiriusXM Group by 39.4% in 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 buying an additional 495,000 shares during the last quarter. Institutional investors and hedge funds own 56.58% of the company’s stock.

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.