The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Rating) hit a new 52-week low on Tuesday following insider selling activity. The company traded as low as $30.78 and last traded at $30.78, with a volume of 47156 shares traded. The stock had previously closed at $31.44.
Specifically, Chairman John C. Malone sold 119,680 shares of The Liberty SiriusXM Group stock in a transaction on Monday, March 6th. The stock was sold at an average price of $74.59, for a total transaction of $8,926,931.20. Following the completion of the transaction, the chairman now owns 3,550,381 shares of the company’s stock, valued at approximately $264,822,918.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CAO Brian J. Wendling sold 1,370 shares of The Liberty SiriusXM Group stock in a transaction on Wednesday, January 11th. The stock was sold at an average price of $35.00, for a total transaction of $47,950.00. Following the completion of the transaction, the chief accounting officer now owns 14,871 shares of the company’s stock, valued at approximately $520,485. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman John C. Malone sold 119,680 shares of The Liberty SiriusXM Group stock in a transaction on Monday, March 6th. The stock was sold at an average price of $74.59, for a total value of $8,926,931.20. Following the transaction, the chairman now directly owns 3,550,381 shares of the company’s stock, valued at approximately $264,822,918.79. The disclosure for this sale can be found here. In the last 90 days, insiders bought 8,200 shares of company stock valued at $267,200 and sold 406,897 shares valued at $30,376,669. Corporate insiders own 4.02% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Citigroup dropped their price objective on The Liberty SiriusXM Group from $62.00 to $46.00 and set a “buy” rating for the company in a research report on Monday.
The Liberty SiriusXM Group Trading Down 5.5 %
The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Rating) last posted its quarterly earnings results on Wednesday, March 1st. The technology company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.55 by $0.22. The company had revenue of $2.28 billion during the quarter. The Liberty SiriusXM Group had a return on equity of 6.99% and a net margin of 14.35%.
Institutional Trading of The Liberty SiriusXM Group
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. grew its holdings in shares of The Liberty SiriusXM Group by 338.7% during the 3rd quarter. Bessemer Group Inc. now owns 658 shares of the technology company’s stock worth $25,000 after purchasing an additional 508 shares during the period. Coastal Investment Advisors Inc. grew its holdings in shares of The Liberty SiriusXM Group by 1,925.0% during the 4th quarter. Coastal Investment Advisors Inc. now owns 810 shares of the technology company’s stock worth $32,000 after purchasing an additional 770 shares during the period. Ellevest Inc. grew its holdings in shares of The Liberty SiriusXM Group by 199.7% during the 4th quarter. Ellevest Inc. now owns 890 shares of the technology company’s stock worth $35,000 after purchasing an additional 593 shares during the period. Pecaut & CO. purchased a new stake in shares of The Liberty SiriusXM Group during the 3rd quarter worth about $38,000. Finally, Wipfli Financial Advisors LLC purchased a new stake in shares of The Liberty SiriusXM Group during the 3rd quarter worth about $39,000. Hedge funds and other institutional investors own 29.67% of the company’s stock.
About The Liberty SiriusXM Group
Liberty Media Corp. engages in the operation of media, communications, and entertainment businesses. It operates through the following segments: Sirius XM Holdings, Formula 1. The Sirius XM Holdings segment refers to the complementary audio entertainment businesses, Sirius XM and Pandora. Sirius XM features music, sports, entertainment, comedy, talk, news, traffic, weather channels, and infotainment services.
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