Deutsche Bank Upgrades Liberty Sirius XM Group (LSXMA) to “Buy”

Deutsche Bank upgraded shares of Liberty Sirius XM Group (NASDAQ:LSXMA) from a hold rating to a buy rating in a research report released on Friday morning, MarketBeat.com reports. Deutsche Bank currently has $54.00 price target on the technology company’s stock, up from their prior price target of $46.00.

A number of other brokerages have also weighed in on LSXMA. Bank of America increased their target price on 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 increased their target price 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. Zacks Investment Research upgraded Liberty Sirius XM Group from a sell rating to a hold rating in a research note on Wednesday, January 17th. Finally, B. Riley reiterated a buy rating on shares of Liberty Sirius XM Group in a research note on Wednesday, November 1st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Liberty Sirius XM Group currently has an average rating of Buy and a consensus target price of $53.33.

Liberty Sirius XM Group (NASDAQ:LSXMA) traded up $0.88 on Friday, hitting $41.71. The stock had a trading volume of 1,235,300 shares, compared to its average volume of 552,238. Liberty Sirius XM Group has a 52 week low of $35.02 and a 52 week high of $46.43. The firm has a market capitalization of $14,014.98, a PE ratio of 25.75, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19.

Liberty Sirius XM Group (NASDAQ:LSXMA) last released its quarterly earnings data on Thursday, November 9th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.14. equities analysts forecast that Liberty Sirius XM Group will post 1.72 earnings per share for the current year.

In other Liberty Sirius XM Group news, Director Malcolm Ian Grant Gilchrist sold 3,841 shares of the firm’s 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Several institutional investors and hedge funds have recently modified their holdings of LSXMA. Berkshire Hathaway Inc. boosted its holdings in shares of Liberty Sirius XM Group by 45.0% during the 2nd 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 in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Liberty Sirius XM Group by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 9,003,872 shares of the technology company’s stock valued at $377,983,000 after acquiring an additional 69,846 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Liberty Sirius XM Group by 115.6% during the 3rd 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 in the last quarter. Gruss Capital Management LP boosted its holdings in shares of Liberty Sirius XM Group by 18.9% during the 3rd quarter. Gruss Capital Management LP now owns 1,163,500 shares of the technology company’s stock valued at $48,751,000 after acquiring an additional 185,000 shares in the last quarter. Finally, Numeric Investors LLC boosted its holdings in shares of Liberty Sirius XM Group by 4,638.8% during the 2nd 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 in the last quarter. Institutional investors own 25.06% 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).

Analyst Recommendations for Liberty Sirius XM Group (NASDAQ:LSXMA)

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