Liberty Sirius XM Group Series A (NASDAQ:LSXMA) Cut to Hold at Zacks Investment Research

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Liberty Sirius XM Group Series A (NASDAQ:LSXMA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday, September 6th.

According to Zacks, “The Liberty SiriusXM Group provides satellite radio services consists of commercial-free music, sports, news, talk, entertainment, traffic and weather. The Liberty SiriusXM Group is based in United States. “

A number of other equities research analysts also recently commented on LSXMA. Pivotal Research lifted their target price on shares of Liberty Sirius XM Group Series A from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, May 15th. Barclays downgraded shares of Liberty Sirius XM Group Series A from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $50.00 to $43.00 in a research report on Tuesday, June 26th. Deutsche Bank boosted their price objective on shares of Liberty Sirius XM Group Series A from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, August 14th. Macquarie cut their price objective on shares of Liberty Sirius XM Group Series A from $61.00 to $58.00 and set an “outperform” rating for the company in a research report on Tuesday, August 28th. Finally, B. Riley boosted their price objective on shares of Liberty Sirius XM Group Series A to $75.00 and gave the company a “buy” rating in a research report on Tuesday, September 4th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $57.78.

Shares of LSXMA traded up $0.14 on Thursday, hitting $47.17. 4,070 shares of the stock traded hands, compared to its average volume of 420,426. The company has a market capitalization of $15.43 billion, a P/E ratio of 14.26 and a beta of 1.89. Liberty Sirius XM Group Series A has a one year low of $38.61 and a one year high of $48.57.

Liberty Sirius XM Group Series A (NASDAQ:LSXMA) last posted its earnings results on Wednesday, August 8th. The technology company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.42 billion. equities analysts predict that Liberty Sirius XM Group Series A will post 2.19 earnings per share for the current fiscal year.

In related news, insider Albert E. Rosenthaler sold 54,781 shares of Liberty Sirius XM Group Series A stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $36.71, for a total transaction of $2,011,010.51. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Hedge funds and other institutional investors have recently made changes to their positions in the company. First Personal Financial Services raised its position in shares of Liberty Sirius XM Group Series A by 3,414.9% during the 1st quarter. First Personal Financial Services now owns 3,058 shares of the technology company’s stock valued at $126,000 after buying an additional 2,971 shares in the last quarter. Blair William & Co. IL bought a new position in Liberty Sirius XM Group Series A during the 1st quarter valued at about $136,000. Bank of Montreal Can bought a new position in Liberty Sirius XM Group Series A during the 2nd quarter valued at about $161,000. Summit Trail Advisors LLC grew its holdings in Liberty Sirius XM Group Series A by 3,468.1% during the 1st quarter. Summit Trail Advisors LLC now owns 176,658 shares of the technology company’s stock valued at $177,000 after purchasing an additional 171,707 shares during the last quarter. Finally, People s United Financial Inc. bought a new position in Liberty Sirius XM Group Series A during the 2nd quarter valued at about $208,000. Hedge funds and other institutional investors own 26.93% of the company’s stock.

Liberty Sirius XM Group Series A Company Profile

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.

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