Liberty Sirius XM Group Series C (NASDAQ:LSXMK) Hits New 1-Year High at $49.07

Liberty Sirius XM Group Series C (NASDAQ:LSXMK)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $49.07 and last traded at $49.05, with a volume of 11640 shares trading hands. The stock had previously closed at $48.24.

A number of brokerages have recently commented on LSXMK. Zacks Investment Research raised shares of Liberty Sirius XM Group Series C from a “sell” rating to a “hold” rating in a report on Tuesday. Morgan Stanley reaffirmed a “buy” rating and issued a $61.00 target price on shares of Liberty Sirius XM Group Series C in a report on Wednesday, January 8th.

The stock has a market capitalization of $10.01 billion, a PE ratio of 32.16, a PEG ratio of 1.75 and a beta of 1.20. The firm’s fifty day moving average is $47.89 and its 200-day moving average is $43.64.

Liberty Sirius XM Group Series C (NASDAQ:LSXMK) last posted its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.10). The company had revenue of $2.01 billion for the quarter. On average, equities research analysts predict that Liberty Sirius XM Group Series C will post 1.77 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the business. First Hawaiian Bank grew its position in shares of Liberty Sirius XM Group Series C by 3.9% in the fourth quarter. First Hawaiian Bank now owns 35,264 shares of the technology company’s stock valued at $1,698,000 after purchasing an additional 1,336 shares during the last quarter. DNB Asset Management AS boosted its position in Liberty Sirius XM Group Series C by 12.4% during the fourth quarter. DNB Asset Management AS now owns 19,097 shares of the technology company’s stock worth $919,000 after acquiring an additional 2,100 shares during the last quarter. Allred Capital Management LLC acquired a new stake in Liberty Sirius XM Group Series C during the fourth quarter worth approximately $33,000. State of Alaska Department of Revenue acquired a new stake in Liberty Sirius XM Group Series C during the fourth quarter worth approximately $91,000. Finally, Evoke Wealth LLC acquired a new stake in Liberty Sirius XM Group Series C during the third quarter worth approximately $29,000. 80.47% of the stock is owned by institutional investors.

About Liberty Sirius XM Group Series C (NASDAQ:LSXMK)

The Liberty SiriusXM Group, through its subsidiary, Sirius XM Holdings Inc, transmits music, sports, entertainment, comedy, talk, news, traffic, and weather channels in the United States and Canada. The company also provides infotainment services; and streaming services through applications for mobile and home devices, and other consumer electronic equipment, as well as online.

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