Zacks: Liberty Sirius XM Group Series C (LSXMK) Given $55.00 Average Price Target by Brokerages

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Liberty Sirius XM Group Series C (NASDAQ:LSXMK) has received an average broker rating score of 1.25 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating and one has given a strong buy rating to the company. Liberty Sirius XM Group Series C’s rating score has declined by 25% in the last 90 days as a result of various analysts’ upgrades and downgrades.

Analysts have set a one year consensus target price of $55.00 for the company and are anticipating that the company will post $0.40 EPS for the current quarter, according to Zacks. Zacks has also given Liberty Sirius XM Group Series C an industry rank of 235 out of 255 based on the ratings given to related companies.

Several research firms recently commented on LSXMK. Morgan Stanley reissued an “overweight” rating and set a $51.00 target price on shares of Liberty Sirius XM Group Series C in a research note on Friday, March 15th. Zacks Investment Research lowered shares of Liberty Sirius XM Group Series C from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 3rd.

Shares of NASDAQ:LSXMK traded up $0.66 during trading on Friday, reaching $40.46. The company had a trading volume of 735,753 shares, compared to its average volume of 665,711. The firm has a market cap of $8.53 billion, a P/E ratio of 20.13 and a beta of 1.17. Liberty Sirius XM Group Series C has a twelve month low of $34.84 and a twelve month high of $48.56.

Liberty Sirius XM Group Series C (NASDAQ:LSXMK) last issued its quarterly earnings results on Thursday, February 28th. The technology company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.08). The firm had revenue of $1.50 billion for the quarter. Equities analysts forecast that Liberty Sirius XM Group Series C will post 2.13 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in LSXMK. BlackRock Inc. lifted its position in shares of Liberty Sirius XM Group Series C by 8.2% in the 4th quarter. BlackRock Inc. now owns 12,170,640 shares of the technology company’s stock valued at $450,070,000 after acquiring an additional 925,302 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Liberty Sirius XM Group Series C by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 1,950,482 shares of the technology company’s stock valued at $72,080,000 after acquiring an additional 102,171 shares in the last quarter. New South Capital Management Inc. purchased a new stake in shares of Liberty Sirius XM Group Series C in the 4th quarter valued at approximately $59,761,000. Norges Bank purchased a new stake in shares of Liberty Sirius XM Group Series C in the 4th quarter valued at approximately $55,270,000. Finally, First Manhattan Co. lifted its position in shares of Liberty Sirius XM Group Series C by 15.2% in the 4th quarter. First Manhattan Co. now owns 1,118,353 shares of the technology company’s stock valued at $41,356,000 after acquiring an additional 147,678 shares in the last quarter. 81.49% of the stock is owned by institutional investors and hedge funds.

About Liberty Sirius XM Group Series C

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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