Liberty Sirius XM Group Series C (LSXMK) Given $52.50 Consensus Target Price by Brokerages

Liberty Sirius XM Group Series C (NASDAQ:LSXMK) has earned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.

Brokerages have set a one year consensus target price of $52.50 for the company and are predicting that the company will post $0.58 EPS for the current quarter, according to Zacks. Zacks has also given Liberty Sirius XM Group Series C an industry rank of 170 out of 255 based on the ratings given to its competitors.

A number of equities research analysts have commented on LSXMK shares. ValuEngine raised Liberty Sirius XM Group Series C from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Zacks Investment Research cut Liberty Sirius XM Group Series C from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Morgan Stanley raised their price target on Liberty Sirius XM Group Series C from $50.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday, August 6th.

NASDAQ:LSXMK opened at $47.03 on Friday. The stock has a market cap of $10.19 billion, a price-to-earnings ratio of 14.21 and a beta of 1.81. Liberty Sirius XM Group Series C has a 52 week low of $38.52 and a 52 week high of $48.56.

Liberty Sirius XM Group Series C (NASDAQ:LSXMK) last posted its quarterly earnings results on Wednesday, August 8th. The technology company reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.10). The business had revenue of $1.43 billion during the quarter. equities research analysts predict that Liberty Sirius XM Group Series C will post 2.27 EPS for the current year.

A number of large investors have recently bought and sold shares of the business. Dorsal Capital Management LLC grew its position in shares of Liberty Sirius XM Group Series C by 19.4% during the second quarter. Dorsal Capital Management LLC now owns 2,985,000 shares of the technology company’s stock valued at $135,400,000 after purchasing an additional 485,000 shares in the last quarter. Seizert Capital Partners LLC grew its position in shares of Liberty Sirius XM Group Series C by 5.0% during the first quarter. Seizert Capital Partners LLC now owns 2,978,457 shares of the technology company’s stock valued at $121,670,000 after purchasing an additional 142,497 shares in the last quarter. Gabelli Funds LLC grew its position in shares of Liberty Sirius XM Group Series C by 25.8% during the first quarter. Gabelli Funds LLC now owns 973,400 shares of the technology company’s stock valued at $39,763,000 after purchasing an additional 199,500 shares in the last quarter. Citadel Advisors LLC grew its position in shares of Liberty Sirius XM Group Series C by 147.5% during the second quarter. Citadel Advisors LLC now owns 930,251 shares of the technology company’s stock valued at $42,196,000 after purchasing an additional 554,422 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Liberty Sirius XM Group Series C by 1.8% during the second quarter. Wells Fargo & Company MN now owns 891,331 shares of the technology company’s stock valued at $40,431,000 after purchasing an additional 15,642 shares in the last quarter. 80.16% of the stock is currently 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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