Liberty Sirius XM Group (NASDAQ:LSXMA) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 902,935 shares, a drop of 26.8% from the October 14th total of 1,232,755 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average trading volume of 360,382 shares, the short-interest ratio is currently 2.5 days.

Liberty Sirius XM Group (NASDAQ:LSXMA) opened at 36.43 on Friday. Liberty Sirius XM Group has a 1-year low of $28.00 and a 1-year high of $36.55. The company’s 50 day moving average is $33.72 and its 200-day moving average is $33.04. The firm’s market cap is $12.20 billion.

LSXMA has been the topic of a number of recent research reports. Deutsche Bank AG cut shares of Liberty Sirius XM Group from a “buy” rating to a “hold” rating and raised their target price for the stock from $37.00 to $39.00 in a report on Wednesday. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Liberty Sirius XM Group from a “buy” rating to a “sell” rating in a research note on Tuesday, October 25th. Citigroup Inc. raised their price target on shares of Liberty Sirius XM Group from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, August 24th. Macquarie upgraded shares of Liberty Sirius XM Group from a “neutral” rating to an “outperform” rating and set a $41.00 price target on the stock in a research note on Monday, November 14th. Finally, Pivotal Research raised their price target on shares of Liberty Sirius XM Group from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, September 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. Liberty Sirius XM Group currently has a consensus rating of “Buy” and an average price target of $41.32.

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. acquired a new stake in shares of Liberty Sirius XM Group during the second quarter valued at $199,617,000. EverPoint Asset Management LLC acquired a new stake in shares of Liberty Sirius XM Group during the second quarter valued at $91,828,000. BlackRock Institutional Trust Company N.A. acquired a new stake in shares of Liberty Sirius XM Group during the second quarter valued at $73,578,000. Principal Financial Group Inc. acquired a new stake in shares of Liberty Sirius XM Group during the second quarter valued at $60,582,000. Finally, State Street Corp acquired a new stake in shares of Liberty Sirius XM Group during the second quarter valued at $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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