Liberty Sirius XM Group (NASDAQ:LSXMA) – Equities researchers at B. Riley lowered their Q1 2018 earnings per share (EPS) estimates for Liberty Sirius XM Group in a research report issued on Tuesday. B. Riley analyst B. Crockett now anticipates that the technology company will post earnings per share of $0.52 for the quarter, down from their prior forecast of $0.54. B. Riley currently has a “Buy” rating and a $62.00 target price on the stock. B. Riley also issued estimates for Liberty Sirius XM Group’s Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.68 EPS and Q4 2018 earnings at $0.62 EPS.
A number of other research analysts have also issued reports on the company. Zacks Investment Research upgraded Liberty Sirius XM Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. Macquarie restated a “buy” rating and set a $52.00 price objective on shares of Liberty Sirius XM Group in a research report on Sunday, February 4th. Buckingham Research started coverage on Liberty Sirius XM Group in a research report on Friday, January 19th. They set a “buy” rating and a $54.00 price target for the company. Barclays boosted their price target on Liberty Sirius XM Group from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Finally, Deutsche Bank upgraded Liberty Sirius XM Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from $46.00 to $54.00 in a research report on Friday, January 19th. Twelve equities research analysts have rated the stock with a buy rating, Liberty Sirius XM Group has an average rating of “Buy” and an average target price of $54.20.
In other Liberty Sirius XM Group news, Director Malcolm Ian Grant Gilchrist sold 3,841 shares of the business’s stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is available at the SEC website.
Institutional investors have recently made changes to their positions in the company. Partners Capital Investment Group LLP acquired a new stake in shares of Liberty Sirius XM Group during the fourth quarter worth $129,000. Toronto Dominion Bank raised its position in Liberty Sirius XM Group by 243.9% during the third quarter. Toronto Dominion Bank now owns 3,896 shares of the technology company’s stock valued at $163,000 after buying an additional 2,763 shares during the period. M&R Capital Management Inc. raised its position in Liberty Sirius XM Group by 429.8% during the fourth quarter. M&R Capital Management Inc. now owns 5,054 shares of the technology company’s stock valued at $200,000 after buying an additional 4,100 shares during the period. State of Alaska Department of Revenue acquired a new position in Liberty Sirius XM Group during the fourth quarter valued at $208,000. Finally, CMT Trading LLC acquired a new position in Liberty Sirius XM Group during the fourth quarter valued at $217,000. 26.48% of the stock is currently owned by institutional investors.
Liberty Sirius XM Group Company Profile
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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