Liberty Sirius XM Group (LSXMK) Price Target Raised to $45.00 at Morgan Stanley

Liberty Sirius XM Group (NASDAQ:LSXMK) had its target price upped by Morgan Stanley from $44.00 to $45.00 in a report released on Monday. The brokerage currently has an equal weight rating on the technology company’s stock.

Separately, Zacks Investment Research raised Liberty Sirius XM Group from a hold rating to a strong-buy rating and set a $46.00 target price for the company in a research note on Thursday, January 11th.

Liberty Sirius XM Group (NASDAQ:LSXMK) opened at $42.99 on Monday. Liberty Sirius XM Group has a 52 week low of $35.40 and a 52 week high of $46.24. The company has a market capitalization of $9,854.58, a price-to-earnings ratio of 27.21, a P/E/G ratio of 0.86 and a beta of 2.26.

Liberty Sirius XM Group (NASDAQ:LSXMK) last posted its quarterly earnings data on Thursday, November 9th. The technology company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.08. research analysts anticipate that Liberty Sirius XM Group will post 1.67 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WFG Advisors LP grew its holdings in shares of Liberty Sirius XM Group by 42.7% during the 2nd quarter. WFG Advisors LP now owns 2,779 shares of the technology company’s stock worth $116,000 after purchasing an additional 832 shares during the period. Korea Investment CORP purchased a new position in shares of Liberty Sirius XM Group during the 3rd quarter worth $201,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Liberty Sirius XM Group during the 3rd quarter worth $222,000. Advisor Group Inc. grew its holdings in shares of Liberty Sirius XM Group by 7.9% during the 2nd quarter. Advisor Group Inc. now owns 6,033 shares of the technology company’s stock worth $251,000 after purchasing an additional 441 shares during the period. Finally, Prudential Financial Inc. purchased a new position in shares of Liberty Sirius XM Group during the 3rd quarter worth $300,000. Institutional investors and hedge funds own 77.21% of the company’s stock.

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About Liberty Sirius XM Group

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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