The Liberty SiriusXM Group (NASDAQ:LSXMA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

The Liberty SiriusXM Group (NASDAQ:LSXMA) has been given a consensus rating of “Moderate Buy” by the four research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $37.67.

LSXMA has been the topic of a number of recent research reports. Citigroup cut The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $35.00 to $28.00 in a report on Wednesday, April 24th. Seaport Res Ptn raised The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th.

Insider Activity

In other The Liberty SiriusXM Group news, Chairman John C. Malone sold 139,065 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $68.98, for a total transaction of $9,592,703.70. Following the completion of the sale, the chairman now directly owns 2,401,365 shares in the company, valued at approximately $165,646,157.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Chairman John C. Malone sold 89,951 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $70.53, for a total value of $6,344,244.03. Following the transaction, the chairman now directly owns 2,540,430 shares of the company’s stock, valued at $179,176,527.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman John C. Malone sold 139,065 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $68.98, for a total value of $9,592,703.70. Following the sale, the chairman now owns 2,401,365 shares of the company’s stock, valued at $165,646,157.70. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 6,457,501 shares of company stock worth $179,148,132 and sold 229,103 shares worth $15,940,449. Corporate insiders own 12.47% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Treasurer of the State of North Carolina increased its stake in shares of The Liberty SiriusXM Group by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 32,939 shares of the technology company’s stock worth $947,000 after purchasing an additional 330 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in The Liberty SiriusXM Group by 1.6% in the first quarter. Commonwealth Equity Services LLC now owns 40,795 shares of the technology company’s stock worth $1,212,000 after purchasing an additional 651 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in The Liberty SiriusXM Group during the first quarter worth $29,000. Equitable Trust Co. increased its position in The Liberty SiriusXM Group by 7.2% during the fourth quarter. Equitable Trust Co. now owns 16,517 shares of the technology company’s stock worth $475,000 after buying an additional 1,105 shares during the last quarter. Finally, Jump Financial LLC raised its holdings in The Liberty SiriusXM Group by 12.7% during the fourth quarter. Jump Financial LLC now owns 10,816 shares of the technology company’s stock valued at $311,000 after buying an additional 1,216 shares in the last quarter. Hedge funds and other institutional investors own 28.72% of the company’s stock.

The Liberty SiriusXM Group Stock Down 2.7 %

NASDAQ:LSXMA opened at $22.16 on Friday. The Liberty SiriusXM Group has a 52-week low of $22.01 and a 52-week high of $31.69. The firm has a market cap of $7.24 billion and a P/E ratio of 9.12. The business’s 50-day moving average price is $26.13 and its 200 day moving average price is $27.88.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last released its earnings results on Wednesday, February 28th. The technology company reported $0.53 EPS for the quarter. The business had revenue of $2.29 billion during the quarter. Sell-side analysts expect that The Liberty SiriusXM Group will post 3.02 EPS for the current year.

About The Liberty SiriusXM Group

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.