Liberty Sirius XM Group (LSXMA) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Liberty Sirius XM Group (NASDAQ:LSXMA) from a buy rating to a hold rating in a research note 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. “

LSXMA has been the topic of a number of other research reports. B. Riley restated a buy rating on shares of Liberty Sirius XM Group in a research report on Wednesday, November 1st. Macquarie restated a buy rating and set a $52.00 price target on shares of Liberty Sirius XM Group in a research report on Sunday, February 4th. Citigroup upgraded 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 report on Monday, January 29th. Buckingham Research raised their price target on Liberty Sirius XM Group from $54.00 to $59.00 and gave the company a buy rating in a research report on Friday, February 2nd. Finally, 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 research report on Wednesday, October 25th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $53.80.

Shares of Liberty Sirius XM Group (NASDAQ LSXMA) traded down $0.45 during mid-day trading on Friday, hitting $40.90. The company had a trading volume of 680,962 shares, compared to its average volume of 586,263. Liberty Sirius XM Group has a one year low of $35.75 and a one year high of $46.43. The stock has a market capitalization of $13,894.01, a P/E ratio of 25.25, a PEG ratio of 0.79 and a beta of 2.41.

Liberty Sirius XM Group (NASDAQ:LSXMA) last issued its quarterly earnings data on Thursday, November 9th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.14. research analysts expect that Liberty Sirius XM Group will post 1.76 EPS for the current year.

In other 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 transaction of $152,142.01. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Several large investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its stake in shares of Liberty Sirius XM Group by 347.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 48,762 shares of the technology company’s stock valued at $1,934,000 after buying an additional 37,862 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of Liberty Sirius XM Group by 39.7% during the fourth quarter. Toronto Dominion Bank now owns 5,444 shares of the technology company’s stock valued at $216,000 after buying an additional 1,548 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Liberty Sirius XM Group by 9.2% during the fourth quarter. First Trust Advisors LP now owns 284,652 shares of the technology company’s stock valued at $11,289,000 after buying an additional 24,079 shares during the last quarter. Hosking Partners LLP grew its stake in shares of Liberty Sirius XM Group by 7.6% in the fourth quarter. Hosking Partners LLP now owns 256,502 shares of the technology company’s stock worth $10,173,000 after purchasing an additional 18,192 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in shares of Liberty Sirius XM Group by 294.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 35,673 shares of the technology company’s stock worth $1,415,000 after purchasing an additional 26,628 shares during the last quarter. 25.18% of the stock is currently owned by hedge funds and other 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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Analyst Recommendations for Liberty Sirius XM Group (NASDAQ:LSXMA)

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