The Liberty SiriusXM Group (NASDAQ:LSXMA) Price Target Lowered to $76.00 at Deutsche Bank Aktiengesellschaft

The Liberty SiriusXM Group (NASDAQ:LSXMAGet Rating) had its price target cut by equities research analysts at Deutsche Bank Aktiengesellschaft from $79.00 to $76.00 in a research report issued to clients and investors on Tuesday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 96.79% from the company’s previous close.

Shares of NASDAQ LSXMA opened at $38.62 on Tuesday. The company has a market capitalization of $12.84 billion, a price-to-earnings ratio of 14.63 and a beta of 1.13. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.73 and a quick ratio of 0.73. The business has a 50-day moving average of $44.64 and a two-hundred day moving average of $48.10. The Liberty SiriusXM Group has a 1 year low of $38.30 and a 1 year high of $56.26.

The Liberty SiriusXM Group (NASDAQ:LSXMAGet Rating) last announced its quarterly earnings results on Friday, February 25th. The technology company reported ($0.20) earnings per share (EPS) for the quarter. The business had revenue of $2.28 billion for the quarter. The Liberty SiriusXM Group had a return on equity of 3.19% and a net margin of 6.89%.

In related news, major shareholder Gamco Investors, Inc. Et Al purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 5th. The shares were purchased at an average price of $26.05 per share, for a total transaction of $26,050.00. Following the transaction, the insider now directly owns 17,500 shares of the company’s stock, valued at approximately $455,875. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought a total of 12,000 shares of company stock valued at $328,850 over the last three months.

Hedge funds have recently modified their holdings of the stock. Allegheny Financial Group LTD acquired a new position in The Liberty SiriusXM Group during the 4th quarter worth approximately $25,000. Quent Capital LLC acquired a new position in The Liberty SiriusXM Group during the 4th quarter worth approximately $27,000. NEXT Financial Group Inc increased its position in The Liberty SiriusXM Group by 173.8% during the 4th quarter. NEXT Financial Group Inc now owns 586 shares of the technology company’s stock worth $30,000 after purchasing an additional 372 shares during the period. Ellevest Inc. increased its position in The Liberty SiriusXM Group by 5,208.3% during the 4th quarter. Ellevest Inc. now owns 637 shares of the technology company’s stock worth $32,000 after purchasing an additional 625 shares during the period. Finally, CWM LLC acquired a new position in The Liberty SiriusXM Group during the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 28.89% of the company’s stock.

About The Liberty SiriusXM Group (Get Rating)

The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States and Canada. 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 applications for mobile and home devices, and other consumer electronic equipment.

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