Investors Purchase High Volume of Put Options on The Liberty SiriusXM Group (NASDAQ:LSXMK)

The Liberty SiriusXM Group (NASDAQ:LSXMK) was the target of unusually large options trading activity on Tuesday. Investors bought 2,310 put options on the company. This is an increase of approximately 35% compared to the typical daily volume of 1,717 put options.

Insider Transactions at The Liberty SiriusXM Group

In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc purchased 20,609 shares of the business’s stock in a transaction on Monday, March 11th. The shares were purchased at an average cost of $29.94 per share, with a total value of $617,033.46. Following the transaction, the insider now directly owns 25,773,955 shares of the company’s stock, valued at approximately $771,672,212.70. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have acquired a total of 7,264,095 shares of company stock valued at $207,506,924 over the last 90 days.

Hedge Funds Weigh In On The Liberty SiriusXM Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D boosted its stake in shares of The Liberty SiriusXM Group by 22.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 105,107 shares of the technology company’s stock valued at $2,676,000 after purchasing an additional 19,419 shares in the last quarter. Hsbc Holdings PLC raised its holdings in The Liberty SiriusXM Group by 214.0% in the 3rd quarter. Hsbc Holdings PLC now owns 179,449 shares of the technology company’s stock valued at $4,569,000 after buying an additional 122,291 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in The Liberty SiriusXM Group by 1,181.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 158,935 shares of the technology company’s stock worth $4,046,000 after buying an additional 146,531 shares during the period. Northern Trust Corp grew its holdings in The Liberty SiriusXM Group by 13.6% during the 3rd quarter. Northern Trust Corp now owns 1,066,799 shares of the technology company’s stock worth $27,161,000 after acquiring an additional 128,077 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its position in The Liberty SiriusXM Group by 14.6% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,881,543 shares of the technology company’s stock valued at $47,904,000 after acquiring an additional 239,744 shares during the period. Institutional investors own 56.58% of the company’s stock.

Analyst Upgrades and Downgrades

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

The Liberty SiriusXM Group Trading Down 1.6 %

Shares of The Liberty SiriusXM Group stock opened at $24.46 on Wednesday. The firm’s 50-day moving average price is $28.91 and its two-hundred day moving average price is $28.00. The Liberty SiriusXM Group has a 12-month low of $22.24 and a 12-month high of $31.67.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last released its earnings results on Wednesday, February 28th. The technology company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. The business had revenue of $2.29 billion for the quarter.

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.