Liberty Sirius XM Group (LSXMA) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Liberty Sirius XM Group (NASDAQ:LSXMA) from a hold rating to a sell rating in a research report report published on Friday.

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. “

Several other research firms also recently commented on LSXMA. Bank of America boosted their price target on shares of Liberty Sirius XM Group from $46.00 to $54.00 and gave the stock a buy rating in a research note on Thursday, October 12th. Pivotal Research boosted their price target on shares of 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. Finally, B. Riley restated a buy rating on shares of Liberty Sirius XM Group in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Liberty Sirius XM Group has an average rating of Hold and a consensus price target of $50.80.

Liberty Sirius XM Group (NASDAQ LSXMA) traded down $0.08 during trading on Friday, reaching $39.86. 218,406 shares of the company traded hands, compared to its average volume of 444,480. Liberty Sirius XM Group has a 12-month low of $34.04 and a 12-month high of $46.43. The firm has a market cap of $22,180.00 and a P/E ratio of 28.88.

In other news, Chairman John C. Malone sold 18,000 shares of Liberty Sirius XM Group stock in a transaction on Monday, October 16th. The shares were sold at an average price of $43.28, for a total transaction of $779,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Malcolm Ian Grant Gilchrist sold 3,841 shares of Liberty Sirius XM Group stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $39.61, for a total transaction of $152,142.01. The disclosure for this sale can be found here.

Several institutional investors have recently added to or reduced their stakes in the company. Berkshire Hathaway Inc. lifted its position in Liberty Sirius XM Group by 45.0% in the second quarter. Berkshire Hathaway Inc. now owns 14,860,360 shares of the technology company’s stock valued at $623,838,000 after acquiring an additional 4,612,560 shares during the last quarter. Point72 Asset Management L.P. lifted its position in Liberty Sirius XM Group by 115.6% in the third quarter. Point72 Asset Management L.P. now owns 1,920,600 shares of the technology company’s stock valued at $80,473,000 after acquiring an additional 1,029,720 shares during the last quarter. Gruss Capital Management LP purchased a new stake in Liberty Sirius XM Group in the second quarter valued at $41,077,000. Numeric Investors LLC lifted its position in Liberty Sirius XM Group by 4,638.8% in the second quarter. Numeric Investors LLC now owns 781,895 shares of the technology company’s stock valued at $32,824,000 after acquiring an additional 765,395 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in Liberty Sirius XM Group by 2,532.0% in the second quarter. Janus Henderson Group PLC now owns 262,652 shares of the technology company’s stock valued at $11,026,000 after acquiring an additional 252,673 shares during the last quarter. 25.06% of the stock is owned by institutional investors and hedge funds.

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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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