Liberty Sirius XM Group (NASDAQ:LSXMA) – Investment analysts at FBR & Co decreased their FY2016 earnings per share (EPS) estimates for shares of Liberty Sirius XM Group in a report issued on Wednesday. FBR & Co analyst B. Crockett now expects that the brokerage will earn $1.20 per share for the year, down from their prior forecast of $1.31. FBR & Co also issued estimates for Liberty Sirius XM Group’s Q4 2016 earnings at $0.32 EPS, FY2017 earnings at $1.76 EPS, FY2019 earnings at $2.53 EPS and FY2020 earnings at $2.91 EPS.

A number of other research analysts have also weighed in on LSXMA. Zacks Investment Research lowered Liberty Sirius XM Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th. Citigroup Inc. boosted their target price on Liberty Sirius XM Group from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, August 24th. Finally, Pivotal Research boosted their target price on Liberty Sirius XM Group from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, September 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. Liberty Sirius XM Group has an average rating of “Buy” and a consensus price target of $40.68.

Shares of Liberty Sirius XM Group (NASDAQ:LSXMA) opened at 34.60 on Thursday. The firm’s market capitalization is $11.59 billion. The stock has a 50 day moving average price of $33.40 and a 200-day moving average price of $32.93. Liberty Sirius XM Group has a 52 week low of $28.00 and a 52 week high of $36.01.

Several hedge funds have recently added to or reduced their stakes in LSXMA. Vanguard Group Inc. bought a new stake in Liberty Sirius XM Group during the second quarter worth $199,617,000. EverPoint Asset Management LLC bought a new stake in Liberty Sirius XM Group during the second quarter worth $91,828,000. BlackRock Institutional Trust Company N.A. bought a new stake in Liberty Sirius XM Group during the second quarter worth $73,578,000. Principal Financial Group Inc. bought a new stake in Liberty Sirius XM Group during the second quarter worth $60,582,000. Finally, State Street Corp bought a new stake in Liberty Sirius XM Group during the second quarter worth $56,107,000.

About Liberty Sirius XM Group

Liberty Media Corporation (Liberty) owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. Through its subsidiaries and affiliates, the Company principally operates in North America. Its principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and the Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).

5 Day Chart for NASDAQ:LSXMA

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