Simplex Trading LLC Bolsters Its Position in The Liberty SiriusXM Group

In a significant move within the financial market, Simplex Trading LLC has reportedly augmented its holding in The Liberty SiriusXM Group (NASDAQ:LSXMK) by a substantial 102.8% in the third quarter. The latest data indicates that the trading firm now owns 27,926 shares in the technology company, following the acquisition of an additional 14,156 shares. This investment has brought the value of Simplex Trading LLC's stake in The Liberty SiriusXM Group to approximately $710,000, according to recent SEC filings.

Broader Investment Interest

The Liberty SiriusXM Group has experienced varying levels of interest from institutional investors and hedge funds. Recent investments into the company include Almanack Investment Partners LLC., which established a new position worth $29,000. Delta Asset Management LLC TN and UniSuper Management Pty Ltd invested about $38,000 and $39,000 respectively during the second quarter. First Horizon Advisors Inc. initiated a new position with an investment of around $42,000 in the same quarter. Additionally, EverSource Wealth Advisors LLC has increased their share by 287.3%, which now values at $42,000 after buying an extra 948 shares. Collectively, hedge funds, and other institutional investors hold about 0.27% of The Liberty SiriusXM Group's stock.

Wall Street's Outlook

Several analysts have shared their forecasts for The Liberty SiriusXM Group, with TheStreet upgrading the company from a "d+" to a "c-" rating. Additionally, StockNews.com has shifted its recommendation from a "sell" to a "hold" status.

Insider Transactions

In relation to insider activities, major shareholder Berkshire Hathaway Inc. significantly increased its ownership by procuring 543,977 shares at an average price of $30.43 per share, which cumulated to a massive transaction of more than $16.5 million. Consequently, the insider's total shares skyrocket after this purchase to over 22 million. Separately, Director Malcolm Ian Grant Gilchrist sold 3,258 shares at an average price of $65.07 per share, netting a total of approximately $212,000 which was disclosed through SEC filings.

Stock Performance Insights

The trading price for The Liberty SiriusXM Group's stock commenced at $31.14 on a recent Thursday. The company's shares have seen a low of $22.24 and a peak of $31.59 over the past 52 weeks. Additionally, the firm maintains a 50-day moving average price of $28.43 and a 200-day moving average of $26.91.

In more recent financial reports, The Liberty SiriusXM Group disclosed an earnings per share (EPS) of $0.89 for the quarter, with overall quarter revenue reaching approximately $2.27 billion.

Company Profile

The Liberty SiriusXM Group operates predominantly in the entertainment sector within North America, offering a diverse array of music, sports, comedy, talk, news, traffic, weather, and other content through satellite radio systems and various streaming platforms.

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