The Liberty SiriusXM Group (LSXMK) to Release Earnings on Thursday

The Liberty SiriusXM Group (NASDAQ:LSXMK) will post its quarterly earnings results before the market opens on Thursday, August 8th. Persons interested in registering for the company’s earnings conference call can do so using this link.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last posted its earnings results on Wednesday, May 8th. The technology company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.05). The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion.

The Liberty SiriusXM Group Stock Up 1.6 %

NASDAQ:LSXMK opened at $21.03 on Wednesday. The Liberty SiriusXM Group has a 52-week low of $20.05 and a 52-week high of $31.67. The stock has a fifty day simple moving average of $22.05 and a 200-day simple moving average of $25.74. The company has a market capitalization of $6.87 billion and a PE ratio of 8.65.

Insiders Place Their Bets

In related news, major shareholder Berkshire Hathaway Inc sold 52,911 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 4,999,007 shares in the company, valued at $170,266,178.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder Berkshire Hathaway Inc sold 52,911 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $34.06, for a total value of $1,802,148.66. Following the completion of 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 legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman John C. Malone sold 139,065 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $68.98, for a total value of $9,592,703.70. Following the transaction, the chairman now owns 2,401,365 shares in the company, valued at approximately $165,646,157.70. The disclosure for this sale can be found here. Insiders sold 282,072 shares of company stock worth $17,749,275 over the last three months. 12.47% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Seaport Res Ptn upgraded The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $36.00.

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.