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

The Liberty SiriusXM Group (NASDAQ:LSXMA) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $31.13.

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

The Liberty SiriusXM Group Trading Up 1.1 %

LSXMA opened at $21.24 on Friday. The Liberty SiriusXM Group has a 1-year low of $20.13 and a 1-year high of $31.69. The firm has a 50-day moving average price of $22.03 and a two-hundred day moving average price of $25.70. The stock has a market capitalization of $6.94 billion and a PE ratio of 8.74.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last posted its quarterly earnings data 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, research analysts predict that The Liberty SiriusXM Group will post 2.49 EPS for the current year.

Insider Activity 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 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 sale, the insider now directly owns 4,999,007 shares in the company, valued at $170,266,178.42. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Chairman John C. Malone sold 139,065 shares of The Liberty SiriusXM Group stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $68.98, for a total transaction of $9,592,703.70. Following the transaction, the chairman now owns 2,401,365 shares in the company, valued at approximately $165,646,157.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Berkshire Hathaway Inc sold 52,911 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $170,266,178.42. The disclosure for this sale can be found here. Insiders have sold 192,121 shares of company stock worth $11,405,031 in the last ninety days. Company insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LSXMA. Point72 Asset Management L.P. grew its holdings in shares of The Liberty SiriusXM Group by 7.8% during the fourth quarter. Point72 Asset Management L.P. now owns 2,620,134 shares of the technology company’s stock worth $75,303,000 after buying an additional 190,608 shares in the last quarter. UBS Group AG grew its stake in shares of The Liberty SiriusXM Group by 769.2% during the 4th quarter. UBS Group AG now owns 1,402,409 shares of the technology company’s stock worth $40,305,000 after acquiring an additional 1,241,057 shares in the last quarter. Virtu Financial LLC raised its holdings in shares of The Liberty SiriusXM Group by 82.5% in the fourth quarter. Virtu Financial LLC now owns 107,556 shares of the technology company’s stock valued at $3,091,000 after purchasing an additional 48,608 shares during the last quarter. Cadian Capital Management LP lifted its position in shares of The Liberty SiriusXM Group by 35.2% in the fourth quarter. Cadian Capital Management LP now owns 1,474,376 shares of the technology company’s stock worth $42,374,000 after purchasing an additional 384,000 shares in the last quarter. Finally, Norges Bank acquired a new position in The Liberty SiriusXM Group during the fourth quarter worth $16,397,000. Institutional investors and hedge funds own 28.72% of the company’s stock.

About The Liberty SiriusXM Group

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.