Liberty Sirius XM Group Series A (NASDAQ:LSXMA) Receives $60.60 Consensus Price Target from Brokerages

Liberty Sirius XM Group Series A (NASDAQ:LSXMA) has been assigned a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $60.60.

A number of research analysts recently commented on LSXMA shares. Pivotal Research reiterated a “buy” rating and issued a $67.00 price objective on shares of Liberty Sirius XM Group Series A in a report on Sunday, August 11th. Credit Suisse Group started coverage on Liberty Sirius XM Group Series A in a research report on Wednesday, November 27th. They issued an “outperform” rating and a $55.00 target price on the stock. ValuEngine downgraded Liberty Sirius XM Group Series A from a “hold” rating to a “sell” rating in a research report on Tuesday. Citigroup upped their price target on Liberty Sirius XM Group Series A from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Finally, Zacks Investment Research cut Liberty Sirius XM Group Series A from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 14th.

LSXMA stock traded up $0.30 during trading on Thursday, reaching $48.08. 425,950 shares of the stock were exchanged, compared to its average volume of 552,004. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $15.11 billion, a price-to-earnings ratio of 23.92 and a beta of 1.23. The business has a 50 day moving average price of $46.00 and a 200-day moving average price of $41.16. Liberty Sirius XM Group Series A has a 1 year low of $34.92 and a 1 year high of $48.96.

In related news, CEO Gregory B. Maffei sold 26,852 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $46.67, for a total value of $1,253,182.84. Also, CEO Gregory B. Maffei sold 25,205 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $47.84, for a total value of $1,205,807.20. Insiders sold a total of 684,370 shares of company stock worth $32,676,508 over the last three months.

Several hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp increased its stake in shares of Liberty Sirius XM Group Series A by 0.8% during the third quarter. Stifel Financial Corp now owns 28,911 shares of the technology company’s stock worth $1,123,000 after buying an additional 224 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Liberty Sirius XM Group Series A by 1.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 23,672 shares of the technology company’s stock valued at $895,000 after purchasing an additional 243 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Liberty Sirius XM Group Series A by 1.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 27,242 shares of the technology company’s stock valued at $1,132,000 after purchasing an additional 307 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Liberty Sirius XM Group Series A by 36.9% in the 2nd quarter. Captrust Financial Advisors now owns 1,348 shares of the technology company’s stock valued at $51,000 after purchasing an additional 363 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of Liberty Sirius XM Group Series A by 2.5% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 16,378 shares of the technology company’s stock valued at $619,000 after purchasing an additional 393 shares in the last quarter. Hedge funds and other institutional investors own 27.59% of the company’s stock.

About Liberty Sirius XM Group Series A

The Liberty SiriusXM Group, through its subsidiary, Sirius XM Holdings Inc, transmits music, sports, entertainment, comedy, talk, news, traffic, and weather channels in the United States and Canada. The company also provides infotainment services; and streaming services through applications for mobile and home devices, and other consumer electronic equipment, as well as online.

Further Reading: Momentum Indicators

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

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