Liberty Sirius XM Group (NASDAQ:LSXMA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.

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. “

LSXMA has been the subject of a number of other reports. Bank of America raised their price target on Liberty Sirius XM Group from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, October 12th. Pivotal Research raised their price target on Liberty Sirius XM Group from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, B. Riley restated a “buy” rating on shares of Liberty Sirius XM Group in a research report on Wednesday, November 1st. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $50.80.

Liberty Sirius XM Group (NASDAQ:LSXMA) opened at $40.38 on Wednesday. The company has a market capitalization of $13,796.57, a P/E ratio of 24.93, a PEG ratio of 0.79 and a beta of 2.19. Liberty Sirius XM Group has a 52-week low of $34.44 and a 52-week high of $46.43.

Liberty Sirius XM Group (NASDAQ:LSXMA) last posted its earnings results on Thursday, November 9th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. equities analysts expect that Liberty Sirius XM Group will post 1.72 EPS for the current year.

In other Liberty Sirius XM Group news, Director Malcolm Ian Grant Gilchrist sold 3,841 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $39.61, for a total value of $152,142.01. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

A number of hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC purchased a new stake in Liberty Sirius XM Group in the third quarter worth $708,000. California Public Employees Retirement System increased its stake in Liberty Sirius XM Group by 3.9% in the third quarter. California Public Employees Retirement System now owns 400,318 shares of the technology company’s stock worth $16,773,000 after purchasing an additional 15,018 shares during the period. Point72 Asset Management L.P. increased its stake in shares of Liberty Sirius XM Group by 115.6% during the third quarter. Point72 Asset Management L.P. now owns 1,920,600 shares of the technology company’s stock valued at $80,473,000 after buying an additional 1,029,720 shares during the period. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Liberty Sirius XM Group by 38.4% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 170,837 shares of the technology company’s stock valued at $7,157,000 after buying an additional 47,372 shares during the period. Finally, Gruss Capital Management LP increased its stake in shares of Liberty Sirius XM Group by 18.9% during the third quarter. Gruss Capital Management LP now owns 1,163,500 shares of the technology company’s stock valued at $48,751,000 after buying an additional 185,000 shares during the period. Institutional investors and hedge funds own 25.06% of the company’s stock.

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About Liberty Sirius XM Group

Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Company’s principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).

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Analyst Recommendations for Liberty Sirius XM Group (NASDAQ:LSXMA)

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