Zacks Investment Research upgraded shares of Liberty Sirius XM Group (NASDAQ:LSXMK) from a hold rating to a strong-buy rating in a research report report published on Thursday morning. Zacks Investment Research currently has $46.00 target price on the technology company’s stock.
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. “
Liberty Sirius XM Group (NASDAQ LSXMK) traded down $0.02 during mid-day trading on Thursday, hitting $40.96. 315,600 shares of the stock traded hands, compared to its average volume of 529,344. Liberty Sirius XM Group has a 1 year low of $34.10 and a 1 year high of $46.24. The stock has a market capitalization of $9,157.07, a price-to-earnings ratio of 25.28, a price-to-earnings-growth ratio of 0.80 and a beta of 2.05.
Liberty Sirius XM Group (NASDAQ:LSXMK) last released its earnings results on Thursday, November 9th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.08. equities research analysts anticipate that Liberty Sirius XM Group will post 1.67 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in LSXMK. WFG Advisors LP raised its holdings in Liberty Sirius XM Group by 42.7% in the 2nd quarter. WFG Advisors LP now owns 2,779 shares of the technology company’s stock worth $116,000 after acquiring an additional 832 shares during the last quarter. Korea Investment CORP purchased a new position in Liberty Sirius XM Group in the 3rd quarter worth approximately $201,000. Raymond James Financial Services Advisors Inc. purchased a new position in Liberty Sirius XM Group in the 3rd quarter worth approximately $222,000. Advisor Group Inc. raised its holdings in Liberty Sirius XM Group by 7.9% in the 2nd quarter. Advisor Group Inc. now owns 6,033 shares of the technology company’s stock worth $251,000 after acquiring an additional 441 shares during the last quarter. Finally, Prudential Financial Inc. purchased a new position in Liberty Sirius XM Group in the 3rd quarter worth approximately $300,000. Institutional investors own 77.33% of the company’s stock.
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Liberty Sirius XM Group Company Profile
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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