Zacks Investment Research Lowers Liberty Sirius XM Group Series C (NASDAQ:LSXMK) to Sell

Zacks Investment Research lowered shares of Liberty Sirius XM Group Series C (NASDAQ:LSXMK) from a hold rating to a sell rating in a research report released on Tuesday, Zacks.com reports.

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. “

A number of other analysts have also recently commented on LSXMK. Pivotal Research reaffirmed a buy rating and set a $63.00 target price on shares of Liberty Sirius XM Group Series C in a report on Tuesday, March 31st. Morgan Stanley reduced their target price on shares of Liberty Sirius XM Group Series C from $40.00 to $39.30 and set an overweight rating for the company in a report on Wednesday, May 20th.

Shares of Liberty Sirius XM Group Series C stock opened at $35.90 on Tuesday. The company has a market cap of $7.33 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 1.36 and a beta of 1.30. The company’s 50 day moving average is $32.15 and its 200 day moving average is $41.70. Liberty Sirius XM Group Series C has a twelve month low of $23.01 and a twelve month high of $51.36.

Liberty Sirius XM Group Series C (NASDAQ:LSXMK) last issued its quarterly earnings data on Wednesday, February 26th. The technology company reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.14). The company had revenue of $2.06 billion for the quarter. As a group, equities research analysts predict that Liberty Sirius XM Group Series C will post 1.96 earnings per share for the current fiscal year.

In other news, major shareholder Berkshire Hathaway Inc acquired 2,016,950 shares of Liberty Sirius XM Group Series C stock in a transaction dated Tuesday, May 26th. The stock was purchased at an average cost of $33.80 per share, with a total value of $68,172,910.00.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Strs Ohio lifted its position in Liberty Sirius XM Group Series C by 94.4% during the fourth quarter. Strs Ohio now owns 27,653 shares of the technology company’s stock valued at $1,331,000 after purchasing an additional 13,425 shares during the last quarter. Norges Bank bought a new position in Liberty Sirius XM Group Series C during the fourth quarter valued at $71,581,000. MUFG Securities EMEA plc bought a new position in Liberty Sirius XM Group Series C during the fourth quarter valued at $5,411,000. Amia Capital LLP bought a new stake in shares of Liberty Sirius XM Group Series C in the 4th quarter worth about $46,315,000. Finally, Rhumbline Advisers lifted its holdings in shares of Liberty Sirius XM Group Series C by 9.3% in the 1st quarter. Rhumbline Advisers now owns 147,183 shares of the technology company’s stock worth $4,654,000 after acquiring an additional 12,551 shares during the last quarter. 79.36% of the stock is owned by institutional investors.

Liberty Sirius XM Group Series C Company Profile

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.

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