Liberty Sirius XM Group (LSXMA) Downgraded by Zacks Investment Research

Liberty Sirius XM Group (NASDAQ:LSXMA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.

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 several other reports. Buckingham Research boosted their target price on Liberty Sirius XM Group from $54.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Barclays boosted their target price on Liberty Sirius XM Group from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Citigroup raised Liberty Sirius XM Group from a “neutral” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Monday, January 29th. Macquarie reissued a “buy” rating and set a $52.00 target price on shares of Liberty Sirius XM Group in a research note on Sunday, February 4th. Finally, Deutsche Bank raised Liberty Sirius XM Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $46.00 to $54.00 in a research note on Friday, January 19th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Liberty Sirius XM Group currently has a consensus rating of “Buy” and a consensus price target of $53.80.

Shares of Liberty Sirius XM Group (NASDAQ LSXMA) opened at $40.90 on Friday. Liberty Sirius XM Group has a one year low of $35.75 and a one year high of $46.43. The firm has a market capitalization of $13,742.81, a price-to-earnings ratio of 25.25, a PEG ratio of 0.79 and a beta of 2.41.

Liberty Sirius XM Group (NASDAQ:LSXMA) last issued its quarterly earnings data on Thursday, November 9th. The technology company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.14. research analysts predict that Liberty Sirius XM Group will post 1.76 EPS for the current fiscal year.

In other Liberty Sirius XM Group news, Director Malcolm Ian Grant Gilchrist sold 3,841 shares of Liberty Sirius XM Group stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $39.61, for a total transaction of $152,142.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

A number of hedge funds and other institutional investors have recently made changes to their positions in LSXMA. Toronto Dominion Bank lifted its holdings in shares of Liberty Sirius XM Group by 243.9% in the 3rd quarter. Toronto Dominion Bank now owns 3,896 shares of the technology company’s stock valued at $163,000 after purchasing an additional 2,763 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Liberty Sirius XM Group in the 4th quarter valued at about $208,000. M&T Bank Corp purchased a new stake in shares of Liberty Sirius XM Group in the 2nd quarter valued at about $246,000. Achmea Investment Management B.V. purchased a new stake in shares of Liberty Sirius XM Group in the 3rd quarter valued at about $252,000. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Liberty Sirius XM Group by 5,024.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 6,149 shares of the technology company’s stock valued at $258,000 after purchasing an additional 6,029 shares during the last quarter. 25.18% of the stock is owned by institutional investors.

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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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