The Liberty SiriusXM Group (NASDAQ:LSXMA) Downgraded by Citigroup to Neutral

Citigroup downgraded shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) from a buy rating to a neutral rating in a report published on Wednesday, Marketbeat Ratings reports. The firm currently has $28.00 price objective on the technology company’s stock, down from their prior price objective of $35.00.

The Liberty SiriusXM Group Stock Down 0.6 %

LSXMA opened at $25.23 on Wednesday. The Liberty SiriusXM Group has a twelve month low of $22.01 and a twelve month high of $31.69. The company has a 50-day simple moving average of $28.33 and a 200 day simple moving average of $28.00.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last posted its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.53 earnings per share for the quarter. The firm had revenue of $2.29 billion for the quarter. Sell-side analysts anticipate that The Liberty SiriusXM Group will post 1.41 EPS for the current year.

Insider Transactions at The Liberty SiriusXM Group

In related news, major shareholder Berkshire Hathaway Inc bought 175,827 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was purchased at an average price of $30.70 per share, with a total value of $5,397,888.90. Following the completion of the acquisition, the insider now owns 48,499,472 shares of the company’s stock, valued at $1,488,933,790.40. The purchase was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders purchased 6,474,739 shares of company stock valued at $183,064,288. 12.47% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. TFO Wealth Partners LLC raised its holdings in The Liberty SiriusXM Group by 70,150.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,405 shares of the technology company’s stock valued at $40,000 after buying an additional 1,403 shares during the last quarter. LWM Advisory Services LLC bought a new position in The Liberty SiriusXM Group in the 3rd quarter valued at approximately $134,000. Seizert Capital Partners LLC bought a new position in The Liberty SiriusXM Group in the 4th quarter valued at approximately $224,000. Robeco Institutional Asset Management B.V. bought a new position in The Liberty SiriusXM Group in the 4th quarter valued at approximately $234,000. Finally, Jump Financial LLC acquired a new stake in The Liberty SiriusXM Group during the 3rd quarter valued at approximately $244,000. Institutional investors own 28.72% of the company’s stock.

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.