The Liberty SiriusXM Group (NASDAQ:LSXMK) Shares Gap Up to $44.27

The Liberty SiriusXM Group (NASDAQ:LSXMKGet Rating)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $44.27, but opened at $45.25. The Liberty SiriusXM Group shares last traded at $43.80, with a volume of 9,097 shares.

Analyst Ratings Changes

A number of research analysts have issued reports on LSXMK shares. Rosenblatt Securities decreased their target price on The Liberty SiriusXM Group from $85.00 to $84.00 and set a “buy” rating for the company in a research note on Monday, November 7th. StockNews.com started coverage on The Liberty SiriusXM Group in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Morgan Stanley decreased their target price on The Liberty SiriusXM Group from $47.00 to $41.00 and set an “equal weight” rating for the company in a research note on Monday, November 7th.

The Liberty SiriusXM Group Price Performance

The company has a market capitalization of $13.70 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 0.30 and a beta of 1.11. The firm has a 50-day moving average price of $40.90 and a two-hundred day moving average price of $40.08.

The Liberty SiriusXM Group (NASDAQ:LSXMKGet Rating) last posted its quarterly earnings data on Friday, November 4th. The technology company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.06). The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.28 billion. On average, equities analysts predict that The Liberty SiriusXM Group will post 3.82 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Gamco Investors, Inc. Et Al bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, October 13th. The shares were acquired at an average price of $29.31 per share, for a total transaction of $29,310.00. Following the completion of the acquisition, the insider now owns 30,000 shares of the company’s stock, valued at approximately $879,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have purchased 2,800 shares of company stock worth $81,594. Corporate insiders own 12.47% of the company’s stock.

Institutional Trading of The Liberty SiriusXM Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC raised its stake in The Liberty SiriusXM Group by 16.5% in the third quarter. CWM LLC now owns 1,711 shares of the technology company’s stock valued at $65,000 after buying an additional 242 shares during the period. Royal London Asset Management Ltd. raised its stake in The Liberty SiriusXM Group by 0.5% in the third quarter. Royal London Asset Management Ltd. now owns 57,068 shares of the technology company’s stock valued at $2,153,000 after buying an additional 277 shares during the period. Parallel Advisors LLC raised its stake in The Liberty SiriusXM Group by 29.0% in the first quarter. Parallel Advisors LLC now owns 1,254 shares of the technology company’s stock valued at $58,000 after buying an additional 282 shares during the period. Beese Fulmer Investment Management Inc. raised its stake in The Liberty SiriusXM Group by 4.9% in the third quarter. Beese Fulmer Investment Management Inc. now owns 6,807 shares of the technology company’s stock valued at $257,000 after buying an additional 316 shares during the period. Finally, Cetera Investment Advisers raised its stake in The Liberty SiriusXM Group by 4.8% in the second quarter. Cetera Investment Advisers now owns 7,174 shares of the technology company’s stock valued at $259,000 after buying an additional 329 shares during the period. Institutional investors own 82.96% of the company’s stock.

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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