18,600 Shares in The Liberty SiriusXM Group (NASDAQ:LSXMA) Bought by Cannon Global Investment Management LLC

Cannon Global Investment Management LLC bought a new position in shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,600 shares of the technology company’s stock, valued at approximately $552,000. The Liberty SiriusXM Group comprises approximately 1.5% of Cannon Global Investment Management LLC’s investment portfolio, making the stock its 21st largest holding.

Several other institutional investors have also recently made changes to their positions in LSXMA. TFO Wealth Partners LLC increased its holdings in The Liberty SiriusXM Group by 70,150.0% in the fourth 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 in the last quarter. Seizert Capital Partners LLC purchased a new position in The Liberty SiriusXM Group in the fourth quarter valued at $224,000. Robeco Institutional Asset Management B.V. purchased a new position in The Liberty SiriusXM Group in the fourth quarter valued at $234,000. Jump Financial LLC increased its holdings in The Liberty SiriusXM Group by 12.7% in the fourth quarter. Jump Financial LLC now owns 10,816 shares of the technology company’s stock valued at $311,000 after buying an additional 1,216 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in The Liberty SiriusXM Group in the fourth quarter valued at $359,000. Hedge funds and other institutional investors own 28.72% of the company’s stock.

Insiders Place Their Bets

In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc sold 52,911 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $34.06, for a total transaction of $1,802,148.66. Following the sale, the insider now directly owns 4,999,007 shares in the company, valued at approximately $170,266,178.42. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, major shareholder Berkshire Hathaway Inc sold 52,911 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $34.06, for a total value of $1,802,148.66. Following the sale, the insider now directly owns 4,999,007 shares in the company, valued at approximately $170,266,178.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John C. Malone sold 139,065 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $68.98, for a total transaction of $9,592,703.70. Following the completion of the sale, the chairman now owns 2,401,365 shares in the company, valued at $165,646,157.70. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 3,769,555 shares of company stock worth $100,335,332 and have sold 282,072 shares worth $17,749,275. 0.09% of the stock is owned by company insiders.

The Liberty SiriusXM Group Price Performance

Shares of NASDAQ:LSXMA traded up $0.61 during mid-day trading on Friday, reaching $22.15. 2,032,987 shares of the company were exchanged, compared to its average volume of 1,778,656. The firm has a market cap of $7.24 billion and a price-to-earnings ratio of 9.12. The firm’s 50-day simple moving average is $23.04 and its 200 day simple moving average is $27.05. The Liberty SiriusXM Group has a 1 year low of $20.13 and a 1 year high of $31.69.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last posted its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.05). The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.14 billion. On average, research analysts forecast that The Liberty SiriusXM Group will post 2.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on LSXMA. Seaport Res Ptn raised shares of The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. Deutsche Bank Aktiengesellschaft cut their target price on shares of The Liberty SiriusXM Group from $34.00 to $31.50 and set a “buy” rating for the company in a research note on Monday, June 17th. Citigroup cut shares of The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and cut their target price for the stock from $35.00 to $28.00 in a research note on Wednesday, April 24th. Finally, Evercore ISI reissued an “in-line” rating and set a $27.00 target price (down previously from $36.00) on shares of The Liberty SiriusXM Group in a research note on Monday, June 24th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.13.

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.