Analysts Set Liberty Sirius XM Group Series A (LSXMA) Target Price at $57.67

Shares of Liberty Sirius XM Group Series A (NASDAQ:LSXMA) have been given an average recommendation of “Buy” by the ten brokerages that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $57.67.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of Liberty Sirius XM Group Series A from a “buy” rating to a “hold” rating in a report on Thursday, September 6th. B. Riley reissued a “buy” rating on shares of Liberty Sirius XM Group Series A in a report on Thursday, November 15th. Macquarie lowered their target price on shares of Liberty Sirius XM Group Series A from $61.00 to $58.00 and set an “outperform” rating on the stock in a report on Tuesday, August 28th. Citigroup lowered their target price on shares of Liberty Sirius XM Group Series A from $65.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, October 10th. Finally, Deutsche Bank boosted their target price on shares of Liberty Sirius XM Group Series A from $60.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, August 14th.

Shares of NASDAQ:LSXMA traded up $0.27 during mid-day trading on Tuesday, reaching $39.35. The company had a trading volume of 23,754 shares, compared to its average volume of 563,497. The stock has a market capitalization of $12.82 billion, a PE ratio of 11.89 and a beta of 1.48. Liberty Sirius XM Group Series A has a one year low of $37.00 and a one year high of $48.57.

In other news, CEO Gregory B. Maffei purchased 10,000 shares of Liberty Sirius XM Group Series A stock in a transaction dated Tuesday, December 4th. The stock was purchased at an average cost of $30.12 per share, for a total transaction of $301,200.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Large investors have recently made changes to their positions in the stock. Neuberger Berman Group LLC lifted its stake in Liberty Sirius XM Group Series A by 9.5% in the third quarter. Neuberger Berman Group LLC now owns 14,998 shares of the technology company’s stock worth $652,000 after purchasing an additional 1,295 shares during the last quarter. Stevens Capital Management LP lifted its stake in Liberty Sirius XM Group Series A by 9.1% in the second quarter. Stevens Capital Management LP now owns 18,855 shares of the technology company’s stock worth $849,000 after purchasing an additional 1,575 shares during the last quarter. United Services Automobile Association lifted its stake in Liberty Sirius XM Group Series A by 3.6% in the third quarter. United Services Automobile Association now owns 48,141 shares of the technology company’s stock worth $2,091,000 after purchasing an additional 1,681 shares during the last quarter. S&CO Inc. lifted its stake in Liberty Sirius XM Group Series A by 1.1% in the third quarter. S&CO Inc. now owns 179,220 shares of the technology company’s stock worth $7,785,000 after purchasing an additional 2,035 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Liberty Sirius XM Group Series A by 5.6% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 39,495 shares of the technology company’s stock worth $1,716,000 after purchasing an additional 2,087 shares during the last quarter. Institutional investors own 37.41% of the company’s stock.

About Liberty Sirius XM Group Series A

The Liberty SiriusXM Group, through its subsidiary Sirius XM Holdings Inc, transmits music, sports, entertainment, comedy, talk, news, traffic, and weather channels in the United States and Canada. The company also provides infotainment services; and Sirius XM on Demand over its Internet radio service through applications for mobile and home devices, and other consumer electronic equipment.

Recommended Story: Initial Public Offering (IPO)

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

Receive News & Ratings for Liberty Sirius XM Group Series A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Sirius XM Group Series A and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply