The Liberty SiriusXM Group (NASDAQ:LSXMK) CAO Sells $34,485.00 in Stock

The Liberty SiriusXM Group (NASDAQ:LSXMKGet Rating) CAO Brian J. Wendling sold 1,045 shares of the business’s stock in a transaction on Friday, December 2nd. The shares were sold at an average price of $33.00, for a total transaction of $34,485.00. Following the sale, the chief accounting officer now directly owns 17,826 shares of the company’s stock, valued at $588,258. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

The Liberty SiriusXM Group Trading Up 0.4 %

NASDAQ:LSXMK opened at $41.69 on Friday. The firm has a market capitalization of $13.61 billion, a price-to-earnings ratio of 15.56, a PEG ratio of 0.28 and a beta of 1.12. The firm’s fifty day simple moving average is $41.80 and its 200 day simple moving average is $40.34. The Liberty SiriusXM Group has a twelve month low of $34.34 and a twelve month high of $52.43.

The Liberty SiriusXM Group (NASDAQ:LSXMKGet Rating) last posted its earnings results on Friday, November 4th. The technology company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.06). The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.28 billion. On average, analysts predict that The Liberty SiriusXM Group will post 3.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of The Liberty SiriusXM Group in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Morgan Stanley lowered their price objective on shares of The Liberty SiriusXM Group from $47.00 to $41.00 and set an “equal weight” rating for the company in a research note on Monday, November 7th. Finally, Rosenblatt Securities reduced their target price on shares of The Liberty SiriusXM Group from $85.00 to $84.00 and set a “buy” rating on the stock in a report on Monday, November 7th.

Hedge Funds Weigh In On The Liberty SiriusXM Group

A number of institutional investors have recently added to or reduced their stakes in LSXMK. Baupost Group LLC MA lifted its holdings in The Liberty SiriusXM Group by 18.7% in the 2nd quarter. Baupost Group LLC MA now owns 13,245,642 shares of the technology company’s stock worth $477,505,000 after buying an additional 2,084,053 shares in the last quarter. Deutsche Bank AG lifted its holdings in The Liberty SiriusXM Group by 252.6% in the 2nd quarter. Deutsche Bank AG now owns 2,535,260 shares of the technology company’s stock worth $91,395,000 after buying an additional 1,816,246 shares in the last quarter. Segantii Capital Management Ltd lifted its holdings in The Liberty SiriusXM Group by 218.2% in the 2nd quarter. Segantii Capital Management Ltd now owns 1,861,690 shares of the technology company’s stock worth $67,114,000 after buying an additional 1,276,690 shares in the last quarter. Fort Baker Capital Management LP acquired a new position in The Liberty SiriusXM Group in the 1st quarter worth $32,653,000. Finally, Bank of Nova Scotia lifted its holdings in The Liberty SiriusXM Group by 15,186.4% in the 1st quarter. Bank of Nova Scotia now owns 695,533 shares of the technology company’s stock worth $31,807,000 after buying an additional 690,983 shares in the last quarter. Institutional investors and hedge funds own 82.96% of the company’s stock.

The Liberty SiriusXM Group Company Profile

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The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States and Canada. 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 applications 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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