The Liberty SiriusXM Group (NASDAQ:LSXMK) Price Target Cut to $28.00 by Analysts at Rosenblatt Securities

The Liberty SiriusXM Group (NASDAQ:LSXMK) had its price target decreased by Rosenblatt Securities from $29.00 to $28.00 in a research report report published on Wednesday, Benzinga reports. Rosenblatt Securities currently has a buy rating on the technology company’s stock.

Several other research firms have also commented on LSXMK. StockNews.com lowered shares of The Liberty SiriusXM Group from a hold rating to a sell rating in a research note on Friday, August 9th. Seaport Res Ptn raised shares of The Liberty SiriusXM Group from a neutral rating to a buy rating in a research note on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, The Liberty SiriusXM Group currently has an average rating of Hold and a consensus target price of $31.00.

The Liberty SiriusXM Group Stock Performance

Shares of The Liberty SiriusXM Group stock traded up $0.94 on Wednesday, hitting $22.24. 737,014 shares of the company traded hands, compared to its average volume of 2,200,781. The stock has a market capitalization of $7.27 billion and a P/E ratio of 8.77. The Liberty SiriusXM Group has a 52 week low of $20.05 and a 52 week high of $31.67. The business has a 50-day simple moving average of $21.94 and a 200 day simple moving average of $25.30.

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 business’s stock in a transaction dated 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 directly owns 4,999,007 shares in the company, valued at approximately $170,266,178.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 12.47% of the stock is currently owned by insiders.

Institutional Investors Weigh In On The Liberty SiriusXM Group

Large investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of The Liberty SiriusXM Group in the 4th quarter valued at about $60,012,000. Vanguard Group Inc. increased its holdings in The Liberty SiriusXM Group by 11.2% during the 1st quarter. Vanguard Group Inc. now owns 15,405,871 shares of the technology company’s stock valued at $457,708,000 after acquiring an additional 1,554,904 shares in the last quarter. Boussard & Gavaudan Investment Management LLP purchased a new position in The Liberty SiriusXM Group during the 4th quarter valued at about $34,834,000. AQR Capital Management LLC increased its holdings in The Liberty SiriusXM Group by 104.3% during the 2nd quarter. AQR Capital Management LLC now owns 1,517,211 shares of the technology company’s stock valued at $33,318,000 after acquiring an additional 774,684 shares in the last quarter. Finally, Cadian Capital Management LP increased its holdings in The Liberty SiriusXM Group by 39.4% during the 4th quarter. Cadian Capital Management LP now owns 1,751,008 shares of the technology company’s stock valued at $50,394,000 after acquiring an additional 495,000 shares in the last quarter. 56.58% of the stock is owned by hedge funds and other 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.