Liberty Sirius XM Group (NASDAQ:LSXMK) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totalling 673,157 shares, a decrease of 41.9% from the June 15th total of 1,159,491 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 739,217 shares, the short-interest ratio is currently 0.9 days.
In related news, major shareholder Berkshire Hathaway Inc bought 644,172 shares of the stock in a transaction on Wednesday, May 31st. The stock was bought at an average price of $41.53 per share, for a total transaction of $26,752,463.16. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have acquired 3,858,865 shares of company stock valued at $147,199,486.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LSXMK. Jana Partners LLC purchased a new position in Liberty Sirius XM Group during the first quarter valued at $68,165,000. Norges Bank purchased a new position in Liberty Sirius XM Group during the fourth quarter valued at $41,636,000. Kensico Capital Management Corp increased its position in Liberty Sirius XM Group by 7.4% in the first quarter. Kensico Capital Management Corp now owns 8,780,000 shares of the technology company’s stock valued at $340,488,000 after buying an additional 605,000 shares during the period. Vanguard Group Inc. increased its position in Liberty Sirius XM Group by 4.2% in the first quarter. Vanguard Group Inc. now owns 14,407,400 shares of the technology company’s stock valued at $558,720,000 after buying an additional 582,991 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in Liberty Sirius XM Group by 305.9% in the second quarter. Canada Pension Plan Investment Board now owns 588,608 shares of the technology company’s stock valued at $24,545,000 after buying an additional 443,600 shares during the period. 77.94% of the stock is currently owned by institutional investors and hedge funds.
Shares of Liberty Sirius XM Group (NASDAQ LSXMK) traded up 0.11% during midday trading on Tuesday, reaching $43.84. The company’s stock had a trading volume of 827,705 shares. The stock has a market capitalization of $14.72 billion, a price-to-earnings ratio of 33.52 and a beta of 2.52. The company has a 50 day moving average of $41.95 and a 200-day moving average of $39.20. Liberty Sirius XM Group has a 52 week low of $31.34 and a 52 week high of $46.24.
Several equities analysts recently issued reports on LSXMK shares. Zacks Investment Research downgraded Liberty Sirius XM Group from a “hold” rating to a “sell” rating in a research report on Friday, April 21st. TheStreet raised Liberty Sirius XM Group from a “d” rating to a “c” rating in a research report on Friday, July 7th.
About Liberty Sirius XM Group
Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Company’s principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).
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