Liberty Sirius XM Group (NASDAQ:LSXMA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday, February 14th. The firm presently has a $46.00 price objective on the technology company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 6.43% from the stock’s current price.
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. “
Other equities research analysts have also recently issued reports about the company. Pivotal Research raised their price target on Liberty Sirius XM Group from $54.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. B. Riley reissued a “buy” rating on shares of Liberty Sirius XM Group in a report on Wednesday, November 1st. Deutsche Bank raised Liberty Sirius XM Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $46.00 to $54.00 in a report on Friday, January 19th. Buckingham Research assumed coverage on Liberty Sirius XM Group in a report on Friday, January 19th. They issued a “buy” rating and a $54.00 target price on the stock. Finally, Citigroup raised Liberty Sirius XM Group from a “neutral” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Monday, January 29th. Eleven equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus target price of $53.60.
Shares of Liberty Sirius XM Group (NASDAQ LSXMA) traded down $0.50 on Wednesday, reaching $43.22. The company’s stock had a trading volume of 320,898 shares, compared to its average volume of 636,171. Liberty Sirius XM Group has a 1-year low of $36.33 and a 1-year high of $46.43. The stock has a market cap of $23,080.00 and a P/E ratio of 31.32.
In related news, Director Malcolm Ian Grant Gilchrist sold 3,841 shares of the business’s stock in a transaction that occurred on 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 Securities & Exchange Commission, which is available at this hyperlink.
Large investors have recently modified their holdings of the stock. Cornerstone Capital Management Holdings LLC. increased its position in shares of Liberty Sirius XM Group by 38.4% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 170,837 shares of the technology company’s stock valued at $7,157,000 after acquiring an additional 47,372 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Liberty Sirius XM Group by 13.0% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 56,644 shares of the technology company’s stock valued at $2,373,000 after purchasing an additional 6,514 shares during the last quarter. Sterling Capital Management LLC purchased a new stake in Liberty Sirius XM Group in the third quarter valued at $708,000. Swiss National Bank boosted its holdings in Liberty Sirius XM Group by 0.4% in the fourth quarter. Swiss National Bank now owns 338,452 shares of the technology company’s stock valued at $13,423,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Achmea Investment Management B.V. purchased a new stake in shares of Liberty Sirius XM Group during the 3rd quarter worth about $252,000. 26.48% of the stock is owned by institutional investors.
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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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