Berkshire Hathaway Inc Buys 513,104 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) Stock

The Liberty SiriusXM Group (NASDAQ:LSXMK) major shareholder Berkshire Hathaway Inc acquired 513,104 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The shares were acquired at an average cost of $25.96 per share, for a total transaction of $13,320,179.84. Following the acquisition, the insider now directly owns 68,423,017 shares of the company’s stock, valued at $1,776,261,521.32. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own more than 10% 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 Friday, April 12th, Berkshire Hathaway Inc bought 413,227 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average cost of $25.58 per share, for a total transaction of $10,570,346.66.
• On Monday, April 8th, Berkshire Hathaway Inc bought 938,896 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average cost 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 stock was purchased at an average cost 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 stock was purchased at an average cost of $29.25 per share, for a total transaction of $5,550,450.75.
• On Monday, March 25th, Berkshire Hathaway Inc bought 199,664 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average cost of $28.82 per share, for a total transaction of $5,754,316.48.
• On Thursday, March 21st, Berkshire Hathaway Inc bought 333,916 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average cost of $28.92 per share, for a total transaction of $9,656,850.72.
• On Monday, March 11th, Berkshire Hathaway Inc bought 20,609 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average cost of $29.94 per share, for a total transaction of $617,033.46.
• On Friday, March 8th, Berkshire Hathaway Inc bought 521,804 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average cost of $29.86 per share, for a total transaction of $15,581,067.44.
• On Wednesday, March 6th, Berkshire Hathaway Inc acquired 1,188,000 shares of The Liberty SiriusXM Group stock. The stock was bought at an average price of $29.39 per share, for a total transaction of $34,915,320.00.
• On Monday, March 4th, Berkshire Hathaway Inc acquired 234,194 shares of The Liberty SiriusXM Group stock. The stock was bought at an average price of $28.77 per share, for a total transaction of $6,737,761.38.

The Liberty SiriusXM Group Stock Down 2.7 %

Shares of NASDAQ:LSXMK traded down $0.70 on Friday, hitting $25.42. The company had a trading volume of 2,451,094 shares, compared to its average volume of 2,289,537. The Liberty SiriusXM Group has a 52-week low of $22.24 and a 52-week high of $31.67. The business has a 50 day moving average of $29.25 and a 200 day moving average of $27.94.

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 (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. The company had revenue of $2.29 billion during the quarter.

Hedge Funds Weigh In On The Liberty SiriusXM Group

Several large investors have recently added to or reduced their stakes in LSXMK. Vanguard Group Inc. raised its holdings 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 worth $398,631,000 after purchasing an additional 1,208,124 shares during the period. Royal London Asset Management Ltd. grew its stake in shares of The Liberty SiriusXM Group by 30.8% in the fourth quarter. Royal London Asset Management Ltd. now owns 71,900 shares of the technology company’s stock valued at $2,069,000 after buying an additional 16,927 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of The Liberty SiriusXM Group by 14.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 631,413 shares of the technology company’s stock valued at $18,172,000 after buying an additional 79,508 shares in the last quarter. Readystate Asset Management LP acquired a new stake in shares of The Liberty SiriusXM Group in the fourth quarter valued at about $1,848,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of The Liberty SiriusXM Group by 5.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 75,541 shares of the technology company’s stock valued at $2,175,000 after buying an additional 3,723 shares in the last quarter. 56.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

The Liberty SiriusXM Group Company Profile

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.