The Liberty SiriusXM Group (NASDAQ:LSXMA) Sets New 12-Month Low at $20.88

The Liberty SiriusXM Group (NASDAQ:LSXMAGet Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $20.88 and last traded at $20.88, with a volume of 117941 shares trading hands. The stock had previously closed at $21.12.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LSXMA. Seaport Res Ptn raised shares of The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. Citigroup lowered shares of The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $35.00 to $28.00 in a research note on Wednesday, April 24th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, The Liberty SiriusXM Group presently has an average rating of “Moderate Buy” and a consensus price target of $37.67.

Read Our Latest Stock Analysis on LSXMA

The Liberty SiriusXM Group Stock Up 0.8 %

The firm has a market capitalization of $6.92 billion and a PE ratio of 8.72. The company’s 50-day simple moving average is $24.70 and its 200 day simple moving average is $27.64.

The Liberty SiriusXM Group (NASDAQ:LSXMAGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.05). The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. On average, sell-side analysts forecast that The Liberty SiriusXM Group will post 3.02 earnings per share for the current fiscal year.

Insider Buying and Selling at The Liberty SiriusXM Group

In other The Liberty SiriusXM Group news, Chairman John C. Malone sold 89,951 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $70.53, for a total transaction of $6,344,244.03. Following the completion of the sale, the chairman now directly owns 2,540,430 shares of the company’s stock, valued at $179,176,527.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Chairman John C. Malone sold 89,951 shares of The Liberty SiriusXM Group stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $70.53, for a total value of $6,344,244.03. Following the completion of the sale, the chairman now directly owns 2,540,430 shares in the company, valued at approximately $179,176,527.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Berkshire Hathaway Inc bought 20,609 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was bought at an average price of $29.94 per share, with a total value of $617,033.46. Following the completion of the purchase, the insider now directly owns 25,773,955 shares in the company, valued at $771,672,212.70. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 4,513,503 shares of company stock valued at $121,913,983 and sold 229,248 shares valued at $15,950,628. Insiders own 0.09% of the company’s stock.

Institutional Trading of The Liberty SiriusXM Group

A number of institutional investors have recently bought and sold shares of LSXMA. Jump Financial LLC purchased a new position in The Liberty SiriusXM Group during the 3rd quarter worth approximately $244,000. Cowen AND Company LLC purchased a new position in The Liberty SiriusXM Group during the 3rd quarter worth approximately $636,000. Clifford Capital Partners LLC raised its position in The Liberty SiriusXM Group by 68.0% during the 3rd quarter. Clifford Capital Partners LLC now owns 521,259 shares of the technology company’s stock worth $13,266,000 after buying an additional 211,026 shares during the last quarter. Hsbc Holdings PLC raised its position in The Liberty SiriusXM Group by 14.8% during the 3rd quarter. Hsbc Holdings PLC now owns 14,318 shares of the technology company’s stock worth $364,000 after buying an additional 1,845 shares during the last quarter. Finally, Ursa Fund Management LLC purchased a new position in The Liberty SiriusXM Group during the 3rd quarter worth approximately $361,000. 28.72% of the stock is currently owned by institutional investors and hedge funds.

The Liberty SiriusXM Group Company Profile

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

Further Reading

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