Liberty Sirius XM Group (LSXMA) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research cut shares of Liberty Sirius XM Group (NASDAQ:LSXMA) from a buy rating to a hold rating in a report released on Friday morning.

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. “

Other analysts also recently issued research reports about the stock. B. Riley reissued a buy rating and set a $56.00 target price on shares of Liberty Sirius XM Group in a research report on Friday, January 26th. Pivotal Research increased their target price on shares of Liberty Sirius XM Group from $54.00 to $58.00 and gave the stock a buy rating in a research report on Wednesday, October 25th. Buckingham Research assumed coverage on shares of Liberty Sirius XM Group in a research report on Friday, January 19th. They set a buy rating and a $54.00 target price for the company. Deutsche Bank raised shares of Liberty Sirius XM Group from a hold rating to a buy rating and increased their target price for the stock from $46.00 to $54.00 in a research report on Friday, January 19th. Finally, Macquarie reissued a buy rating and set a $52.00 target price on shares of Liberty Sirius XM Group in a research report on Sunday, February 4th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $53.40.

Liberty Sirius XM Group (NASDAQ:LSXMA) opened at $42.03 on Friday. Liberty Sirius XM Group has a one year low of $36.33 and a one year high of $46.43. The company has a market cap of $14,122.50, a PE ratio of 25.94, a PEG ratio of 0.81 and a beta of 2.41.

In other Liberty Sirius XM Group news, Director Malcolm Ian Grant Gilchrist sold 3,841 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $39.61, for a total value of $152,142.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Partners Capital Investment Group LLP purchased a new position in shares of Liberty Sirius XM Group during the 4th quarter valued at approximately $129,000. Toronto Dominion Bank boosted its stake in shares of Liberty Sirius XM Group by 243.9% during the 3rd quarter. Toronto Dominion Bank now owns 3,896 shares of the technology company’s stock valued at $163,000 after buying an additional 2,763 shares during the last quarter. M&R Capital Management Inc. boosted its stake in shares of Liberty Sirius XM Group by 429.8% during the 4th quarter. M&R Capital Management Inc. now owns 5,054 shares of the technology company’s stock valued at $200,000 after buying an additional 4,100 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Liberty Sirius XM Group during the 4th quarter valued at approximately $208,000. Finally, CMT Trading LLC purchased a new position in shares of Liberty Sirius XM Group during the 4th quarter valued at approximately $217,000. Hedge funds and other institutional investors own 25.47% of the company’s stock.

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Liberty Sirius XM Group Company Profile

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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Analyst Recommendations for Liberty Sirius XM Group (NASDAQ:LSXMA)

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