The Liberty SiriusXM Group (NASDAQ:LSXMA) Receives Average Rating of “Moderate Buy” from Analysts

Shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) have received an average rating of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $31.13.

LSXMA has been the subject of several research analyst reports. Evercore ISI restated an “in-line” rating and issued a $27.00 price objective (down previously from $36.00) on shares of The Liberty SiriusXM Group in a research report on Monday, June 24th. Citigroup downgraded The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $35.00 to $28.00 in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft decreased their price target on The Liberty SiriusXM Group from $34.00 to $31.50 and set a “buy” rating on the stock in a report on Monday, June 17th. Finally, Seaport Res Ptn raised The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a report on Monday, April 29th.

The Liberty SiriusXM Group Stock Performance

Shares of LSXMA stock opened at $22.94 on Monday. The Liberty SiriusXM Group has a 52 week low of $20.13 and a 52 week high of $31.69. The stock has a market capitalization of $7.49 billion and a PE ratio of 9.44. The stock’s fifty day moving average is $22.66 and its 200-day moving average is $26.72.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last issued its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.05). The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.14 billion. As a group, analysts forecast that The Liberty SiriusXM Group will post 2.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc sold 52,911 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $34.06, for a total transaction of $1,802,148.66. Following the transaction, the insider now owns 4,999,007 shares in the company, valued at $170,266,178.42. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, Chairman John C. Malone sold 139,065 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $68.98, for a total value of $9,592,703.70. Following the completion of the sale, the chairman now owns 2,401,365 shares in the company, valued at approximately $165,646,157.70. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Berkshire Hathaway Inc sold 52,911 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $34.06, for a total value of $1,802,148.66. Following the sale, the insider now directly owns 4,999,007 shares in the company, valued at approximately $170,266,178.42. The disclosure for this sale can be found here. Over the last three months, insiders purchased 654,328 shares of company stock valued at $16,413,391 and sold 282,072 shares valued at $17,749,275. 0.09% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its position in shares of The Liberty SiriusXM Group by 904.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 14,881 shares of the technology company’s stock valued at $379,000 after purchasing an additional 13,400 shares during the period. Alpine Global Management LLC increased its position in shares of The Liberty SiriusXM Group by 10.7% during the third quarter. Alpine Global Management LLC now owns 235,065 shares of the technology company’s stock worth $5,982,000 after acquiring an additional 22,725 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of The Liberty SiriusXM Group by 55,885.2% during the third quarter. Lazard Asset Management LLC now owns 15,116 shares of the technology company’s stock worth $384,000 after acquiring an additional 15,089 shares during the period. Graham Capital Management L.P. lifted its position in The Liberty SiriusXM Group by 89.4% in the 3rd quarter. Graham Capital Management L.P. now owns 31,692 shares of the technology company’s stock valued at $807,000 after acquiring an additional 14,960 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in The Liberty SiriusXM Group by 46.6% in the 3rd quarter. Vanguard Group Inc. now owns 10,744,552 shares of the technology company’s stock valued at $273,449,000 after acquiring an additional 3,416,321 shares in the last quarter. 28.72% of the stock is owned by institutional investors and hedge funds.

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.