The Liberty SiriusXM Group (NASDAQ:LSXMK) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) from a sell rating to a hold rating in a report issued on Monday morning.

Separately, Rosenblatt Securities cut their price target on The Liberty SiriusXM Group from $29.00 to $28.00 and set a buy rating on the stock in a report on Wednesday, August 14th.

The Liberty SiriusXM Group Stock Down 0.4 %

NASDAQ:LSXMK opened at $23.31 on Monday. The firm has a market capitalization of $7.62 billion and a P/E ratio of 9.58. The Liberty SiriusXM Group has a twelve month low of $20.05 and a twelve month high of $31.67. The company has a fifty day moving average of $22.50 and a 200-day moving average of $24.55.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.60 earnings per share for the quarter. The company had revenue of $2.18 billion for the quarter.

Insider Buying and Selling at The Liberty SiriusXM Group

In related news, major shareholder Berkshire Hathaway Inc sold 52,911 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $170,266,178.42. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 12.47% of the company’s stock.

Institutional Investors Weigh In On The Liberty SiriusXM Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its stake in shares of The Liberty SiriusXM Group by 0.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 46,320 shares of the technology company’s stock worth $1,376,000 after buying an additional 421 shares during the last quarter. Atlas Capital Advisors LLC boosted its position in The Liberty SiriusXM Group by 5.2% in the first quarter. Atlas Capital Advisors LLC now owns 8,746 shares of the technology company’s stock worth $260,000 after purchasing an additional 435 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in The Liberty SiriusXM Group by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 68,104 shares of the technology company’s stock valued at $1,960,000 after purchasing an additional 660 shares during the period. Mather Group LLC. increased its position in shares of The Liberty SiriusXM Group by 100.5% during the 2nd quarter. Mather Group LLC. now owns 1,674 shares of the technology company’s stock valued at $37,000 after purchasing an additional 839 shares during the last quarter. Finally, Rehmann Capital Advisory Group raised its stake in shares of The Liberty SiriusXM Group by 6.6% during the 1st quarter. Rehmann Capital Advisory Group now owns 15,887 shares of the technology company’s stock worth $472,000 after purchasing an additional 981 shares during the period. 56.58% of the stock is owned by hedge funds and other institutional investors.

The Liberty SiriusXM Group Company Profile

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.