Liberty Sirius XM Group (NASDAQ:LSXMA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday, February 16th.
According to Zacks, “The Liberty SiriusXM Group provides satellite radio services consists of commercial-free music, sports, news, talk, entertainment, traffic and weather. The Liberty SiriusXM Group is based in United States. “
Several other equities research analysts have also recently weighed in on the company. B. Riley reissued a “buy” rating and set a $56.00 price objective on shares of Liberty Sirius XM Group in a research note on Friday, January 26th. Macquarie reaffirmed a “buy” rating and set a $52.00 target price on shares of Liberty Sirius XM Group in a research note on Sunday, February 4th. Buckingham Research began coverage on Liberty Sirius XM Group in a research note on Friday, January 19th. They set a “buy” rating and a $54.00 target price on the stock. Barclays upped their target price on Liberty Sirius XM Group from $42.00 to $48.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Finally, Deutsche Bank upgraded Liberty Sirius XM Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $46.00 to $54.00 in a report on Friday, January 19th. Eleven equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of $53.60.
Shares of Liberty Sirius XM Group (NASDAQ LSXMA) traded down $0.50 during midday trading on Friday, reaching $43.22. The company’s stock had a trading volume of 320,898 shares, compared to its average volume of 594,606. Liberty Sirius XM Group has a 52 week low of $36.33 and a 52 week high of $46.43. The company has a market capitalization of $14,696.48, a PE ratio of 13.06, a P/E/G ratio of 0.85 and a beta of 2.14.
In other Liberty Sirius XM Group news, Director Malcolm Ian Grant Gilchrist sold 3,841 shares of the company’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $39.61, for a total transaction of $152,142.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Several institutional investors and hedge funds have recently modified their holdings of the company. Partners Capital Investment Group LLP acquired a new position in shares of Liberty Sirius XM Group in the 4th quarter valued at $129,000. Toronto Dominion Bank increased its position in shares of Liberty Sirius XM Group by 243.9% in the 3rd quarter. Toronto Dominion Bank now owns 3,896 shares of the technology company’s stock valued at $163,000 after acquiring an additional 2,763 shares during the period. M&R Capital Management Inc. increased its position in shares of Liberty Sirius XM Group by 429.8% in the 4th quarter. M&R Capital Management Inc. now owns 5,054 shares of the technology company’s stock valued at $200,000 after acquiring an additional 4,100 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Liberty Sirius XM Group in the 4th quarter valued at $208,000. Finally, CMT Trading LLC acquired a new position in shares of Liberty Sirius XM Group in the 4th quarter valued at $217,000. Hedge funds and other institutional investors own 26.48% of the company’s stock.
About Liberty Sirius XM Group
Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Company’s principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).
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