Liberty Sirius XM Group (LSXMA) Given Consensus Recommendation of “Buy” by Brokerages
Liberty Sirius XM Group (NASDAQ:LSXMA) has been assigned a consensus rating of “Buy” from the twelve ratings firms that are presently covering the stock. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $44.06.
Several equities research analysts have commented on the company. Pivotal Research reissued a “buy” rating and issued a $51.00 target price on shares of Liberty Sirius XM Group in a report on Sunday, April 9th. Zacks Investment Research raised Liberty Sirius XM Group from a “sell” rating to a “hold” rating in a report on Friday, March 31st. Citigroup Inc reaffirmed a “neutral” rating and set a $40.00 price target (up from $37.00) on shares of Liberty Sirius XM Group in a report on Saturday, March 11th. FBR & Co reaffirmed a “buy” rating and set a $48.00 price target on shares of Liberty Sirius XM Group in a report on Monday, February 13th. Finally, Morgan Stanley downgraded Liberty Sirius XM Group from an “overweight” rating to an “equal weight” rating in a report on Monday, January 23rd.
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Liberty Sirius XM Group (NASDAQ:LSXMA) traded up 0.53% on Monday, hitting $39.92. The stock had a trading volume of 276,846 shares. Liberty Sirius XM Group has a 1-year low of $29.26 and a 1-year high of $40.18. The company has a 50-day moving average price of $38.98 and a 200-day moving average price of $36.25. The stock has a market capitalization of $13.37 billion and a price-to-earnings ratio of 32.38.
Liberty Sirius XM Group (NASDAQ:LSXMA) last released its quarterly earnings results on Tuesday, February 28th. The technology company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. Equities analysts predict that Liberty Sirius XM Group will post $1.80 earnings per share for the current year.
In other news, CFO Mark D. Carleton sold 35,946 shares of the company’s stock in a transaction dated Friday, March 24th. The stock was sold at an average price of $33.00, for a total value of $1,186,218.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Several large investors have recently bought and sold shares of the stock. State Street Corp raised its stake in Liberty Sirius XM Group by 0.3% in the fourth quarter. State Street Corp now owns 1,861,903 shares of the technology company’s stock valued at $64,273,000 after buying an additional 5,154 shares during the last quarter. Norges Bank bought a new stake in Liberty Sirius XM Group during the fourth quarter valued at about $64,060,000. BlackRock Fund Advisors raised its stake in Liberty Sirius XM Group by 2.5% in the third quarter. BlackRock Fund Advisors now owns 915,082 shares of the technology company’s stock valued at $31,094,000 after buying an additional 22,274 shares during the last quarter. EastBay Asset Management LLC bought a new stake in Liberty Sirius XM Group during the fourth quarter valued at about $25,798,000. Finally, Citadel Advisors LLC raised its stake in Liberty Sirius XM Group by 5.7% in the third quarter. Citadel Advisors LLC now owns 642,703 shares of the technology company’s stock valued at $21,839,000 after buying an additional 34,880 shares during the last quarter. 24.44% of the stock is owned by institutional investors and hedge funds.
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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