The Liberty SiriusXM Group (NASDAQ:LSXMK) Rating Lowered to Sell at StockNews.com

StockNews.com downgraded shares of The Liberty SiriusXM Group (NASDAQ:LSXMKGet Rating) from a hold rating to a sell rating in a report published on Monday.

Separately, Morgan Stanley dropped their price objective on shares of The Liberty SiriusXM Group from $50.00 to $47.00 and set an equal weight rating on the stock in a research note on Friday, August 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $69.67.

The Liberty SiriusXM Group Stock Performance

The Liberty SiriusXM Group stock opened at $41.19 on Monday. The firm has a market cap of $9.01 billion, a PE ratio of 14.30, a P/E/G ratio of 0.28 and a beta of 1.11. The firm’s 50 day moving average price is $39.68 and its two-hundred day moving average price is $42.18. The Liberty SiriusXM Group has a twelve month low of $34.34 and a twelve month high of $56.19.

The Liberty SiriusXM Group (NASDAQ:LSXMKGet Rating) last released its quarterly earnings data on Friday, August 5th. The technology company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.38. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.28 billion. Equities analysts anticipate that The Liberty SiriusXM Group will post 3.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Gamco Investors, Inc. Et Al acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was acquired at an average cost of $28.94 per share, with a total value of $28,940.00. Following the acquisition, the insider now owns 1,000 shares in the company, valued at $28,940. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired 4,600 shares of company stock valued at $123,976 over the last ninety days.

Institutional Trading of The Liberty SiriusXM Group

Several large investors have recently modified their holdings of the company. Advisor Group Holdings Inc. boosted its holdings in The Liberty SiriusXM Group by 31.8% in the 4th quarter. Advisor Group Holdings Inc. now owns 12,164 shares of the technology company’s stock valued at $619,000 after purchasing an additional 2,933 shares during the period. American Century Companies Inc. boosted its holdings in The Liberty SiriusXM Group by 12.6% in the 4th quarter. American Century Companies Inc. now owns 9,383 shares of the technology company’s stock valued at $477,000 after purchasing an additional 1,047 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in The Liberty SiriusXM Group by 2.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 77,135 shares of the technology company’s stock valued at $3,922,000 after purchasing an additional 2,064 shares during the period. First Republic Investment Management Inc. boosted its holdings in The Liberty SiriusXM Group by 2.7% in the 4th quarter. First Republic Investment Management Inc. now owns 21,002 shares of the technology company’s stock valued at $1,068,000 after purchasing an additional 546 shares during the period. Finally, UMB Bank N A MO bought a new stake in The Liberty SiriusXM Group in the 4th quarter valued at $49,000. 82.96% of the stock is owned by institutional investors.

The Liberty SiriusXM Group Company Profile

(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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