Liberty Sirius XM Group (NASDAQ:LSXMK) Downgraded to Hold at Zacks Investment Research

Liberty Sirius XM Group (NASDAQ:LSXMK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, December 28th.

According to Zacks, “The Liberty SiriusXM Group provides satellite radio services consists of commercial-free music, sports, news, talk, entertainment, traffic and weather. The Liberty SiriusXM Group is based in United States. “

Shares of Liberty Sirius XM Group (NASDAQ:LSXMK) opened at $40.96 on Thursday. The stock has a market cap of $22,610.00 and a P/E ratio of 29.68. Liberty Sirius XM Group has a 1-year low of $34.10 and a 1-year high of $46.24.

A number of hedge funds have recently modified their holdings of LSXMK. D.A. Davidson & CO. lifted its position in shares of Liberty Sirius XM Group by 1.2% during the 2nd quarter. D.A. Davidson & CO. now owns 22,044 shares of the technology company’s stock worth $919,000 after purchasing an additional 261 shares during the last quarter. Advisor Group Inc. lifted its position in shares of Liberty Sirius XM Group by 7.9% during the 2nd quarter. Advisor Group Inc. now owns 6,033 shares of the technology company’s stock worth $251,000 after purchasing an additional 441 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Liberty Sirius XM Group by 6.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,973 shares of the technology company’s stock worth $333,000 after purchasing an additional 456 shares during the last quarter. Veritable L.P. lifted its position in Liberty Sirius XM Group by 2.1% in the second quarter. Veritable L.P. now owns 25,825 shares of the technology company’s stock valued at $1,077,000 after acquiring an additional 535 shares during the last quarter. Finally, Sawtooth Solutions LLC lifted its position in Liberty Sirius XM Group by 7.4% in the second quarter. Sawtooth Solutions LLC now owns 8,552 shares of the technology company’s stock valued at $357,000 after acquiring an additional 588 shares during the last quarter. 77.33% of the stock is owned by institutional investors.

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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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