Zacks: Liberty Sirius XM Group (LSXMK) Receives Average Recommendation of “Buy” from Brokerages
Shares of Liberty Sirius XM Group (NASDAQ:LSXMK) have been assigned an average broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokers have set a 1-year consensus price objective of $42.50 for the company and are forecasting that the company will post $0.33 EPS for the current quarter, according to Zacks. Zacks has also given Liberty Sirius XM Group an industry rank of 193 out of 265 based on the ratings given to its competitors.
LSXMK has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Liberty Sirius XM Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 28th. Morgan Stanley cut shares of Liberty Sirius XM Group from an “overweight” rating to an “equal weight” rating and set a $39.00 price target on the stock. in a research note on Monday, January 23rd.
Institutional investors have recently bought and sold shares of the company. State Street Corp boosted its position in Liberty Sirius XM Group by 0.5% in the fourth quarter. State Street Corp now owns 3,670,524 shares of the technology company’s stock worth $124,500,000 after buying an additional 17,766 shares during the period. Thompson Siegel & Walmsley LLC boosted its position in Liberty Sirius XM Group by 28.2% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,083,289 shares of the technology company’s stock worth $70,666,000 after buying an additional 458,024 shares during the period. Ashe Capital Management LP boosted its position in Liberty Sirius XM Group by 11.9% in the fourth quarter. Ashe Capital Management LP now owns 1,566,441 shares of the technology company’s stock worth $53,134,000 after buying an additional 166,444 shares during the period. Norges Bank bought a new position in Liberty Sirius XM Group during the fourth quarter worth $41,636,000. Finally, J. Goldman & Co LP boosted its position in Liberty Sirius XM Group by 33.2% in the fourth quarter. J. Goldman & Co LP now owns 879,116 shares of the technology company’s stock worth $29,820,000 after buying an additional 219,056 shares during the period. 76.87% of the stock is currently owned by institutional investors and hedge funds.
Liberty Sirius XM Group (NASDAQ:LSXMK) traded up 1.53% during mid-day trading on Friday, hitting $39.04. 1,035,979 shares of the stock were exchanged. The company has a 50 day moving average price of $38.81 and a 200 day moving average price of $35.85. The firm has a market cap of $13.08 billion and a price-to-earnings ratio of 31.66. Liberty Sirius XM Group has a 52-week low of $28.48 and a 52-week high of $39.80.
Liberty Sirius XM Group (NASDAQ:LSXMK) last announced its quarterly earnings data on Tuesday, February 28th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The firm earned $1.30 billion during the quarter. On average, analysts anticipate that Liberty Sirius XM Group will post $1.22 EPS for the current year.
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About Liberty Sirius XM Group
Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Company’s principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).
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