The Liberty SiriusXM Group (NASDAQ:LSXMA) Rating Reiterated by Evercore ISI

The Liberty SiriusXM Group (NASDAQ:LSXMA)‘s stock had its “in-line” rating reissued by research analysts at Evercore ISI in a report released on Monday, Marketbeat.com reports. They currently have a $27.00 price target on the technology company’s stock, down from their prior price target of $36.00. Evercore ISI’s price objective suggests a potential upside of 29.00% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Seaport Res Ptn upgraded shares of The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th. Citigroup downgraded shares of The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $35.00 to $28.00 in a research note on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of The Liberty SiriusXM Group from $34.00 to $31.50 and set a “buy” rating for the company in a research note on Monday, June 17th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $31.13.

The Liberty SiriusXM Group Stock Performance

Shares of LSXMA opened at $20.93 on Monday. The stock has a market capitalization of $6.84 billion and a PE ratio of 8.61. The Liberty SiriusXM Group has a 1 year low of $20.13 and a 1 year high of $31.69. The company’s 50-day simple moving average is $23.21 and its 200-day simple moving average is $27.16.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last issued its earnings results on Wednesday, May 8th. The technology company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.05). The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.14 billion. On average, sell-side analysts predict that The Liberty SiriusXM Group will post 2.49 earnings per share for the current year.

Insider Buying and Selling at The Liberty SiriusXM Group

In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc sold 52,911 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $34.06, for a total value of $1,802,148.66. Following the completion of the sale, the insider now owns 4,999,007 shares of the company’s stock, valued at $170,266,178.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Chairman John C. Malone sold 89,951 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $70.53, for a total transaction of $6,344,244.03. Following the completion of the transaction, the chairman now directly owns 2,540,430 shares in the company, valued at approximately $179,176,527.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Berkshire Hathaway Inc sold 52,911 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $34.06, for a total value of $1,802,148.66. Following the transaction, the insider now owns 4,999,007 shares of the company’s stock, valued at $170,266,178.42. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 3,769,555 shares of company stock valued at $100,335,332 and sold 282,072 shares valued at $17,749,275. 0.09% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On The Liberty SiriusXM Group

Large investors have recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina lifted its stake in The Liberty SiriusXM Group by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 32,939 shares of the technology company’s stock valued at $947,000 after buying an additional 330 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in The Liberty SiriusXM Group by 1.6% in the first quarter. Commonwealth Equity Services LLC now owns 40,795 shares of the technology company’s stock valued at $1,212,000 after buying an additional 651 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in The Liberty SiriusXM Group in the first quarter valued at $29,000. Equitable Trust Co. lifted its stake in The Liberty SiriusXM Group by 7.2% in the fourth quarter. Equitable Trust Co. now owns 16,517 shares of the technology company’s stock valued at $475,000 after buying an additional 1,105 shares during the last quarter. Finally, Jump Financial LLC lifted its stake in The Liberty SiriusXM Group by 12.7% in the fourth quarter. Jump Financial LLC now owns 10,816 shares of the technology company’s stock valued at $311,000 after buying an additional 1,216 shares during the last quarter. 28.72% of the stock is currently owned by institutional investors.

The Liberty SiriusXM Group Company Profile

The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States, the United Kingdom, and internationally. It features music, sports, entertainment, comedy, talk, news, traffic, weather channels, podcast, and infotainment services through proprietary satellite radio systems, as well as streamed through SXM App for mobile and home devices, and other consumer electronic equipment.