Zacks Investment Research upgraded shares of Liberty Sirius XM Group (NASDAQ:LSXMA) from a hold rating to a buy rating in a report released on Wednesday morning. Zacks Investment Research currently has $46.00 price objective 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. “
LSXMA has been the topic of a number of other reports. Pivotal Research raised their price target on Liberty Sirius XM Group from $54.00 to $58.00 and gave the stock a buy rating in a research note on Wednesday, October 25th. Citigroup raised Liberty Sirius XM Group from a neutral rating to a buy rating and set a $54.00 price target on the stock in a research note on Monday, January 29th. Buckingham Research started coverage on Liberty Sirius XM Group in a research note on Friday, January 19th. They issued a buy rating and a $54.00 price target on the stock. Barclays raised their price target on Liberty Sirius XM Group from $42.00 to $48.00 and gave the stock an overweight rating in a research note on Thursday, February 1st. Finally, Macquarie reissued a buy rating and issued a $52.00 price target on shares of Liberty Sirius XM Group in a research note on Sunday, February 4th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $53.40.
Shares of Liberty Sirius XM Group (LSXMA) opened at $42.03 on Wednesday. The company has a market capitalization of $14,172.90, a price-to-earnings ratio of 25.94, a P/E/G ratio of 0.81 and a beta of 2.41. Liberty Sirius XM Group has a 52 week low of $36.33 and a 52 week high of $46.43.
In other Liberty Sirius XM Group news, Director Malcolm Ian Grant Gilchrist sold 3,841 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $39.61, for a total value of $152,142.01. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Institutional investors have recently added to or reduced their stakes in the company. Partners Capital Investment Group LLP purchased a new position in shares of Liberty Sirius XM Group in the 4th quarter worth about $129,000. Toronto Dominion Bank raised its holdings 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 worth $163,000 after purchasing an additional 2,763 shares during the period. M&R Capital Management Inc. raised its holdings 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 worth $200,000 after purchasing an additional 4,100 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Liberty Sirius XM Group in the 4th quarter worth about $208,000. Finally, Oak Grove Capital LLC purchased a new position in shares of Liberty Sirius XM Group in the 4th quarter worth about $238,000. Institutional investors own 25.24% 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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