The Liberty SiriusXM Group (NASDAQ:LSXMA) Price Target Lowered to $76.00 at Deutsche Bank Aktiengesellschaft

The Liberty SiriusXM Group (NASDAQ:LSXMAGet Rating) had its price objective decreased by Deutsche Bank Aktiengesellschaft from $79.00 to $76.00 in a research note released on Tuesday morning, The Fly reports.

LSXMA opened at $39.53 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.81 and a quick ratio of 0.73. The business has a 50 day simple moving average of $44.02 and a 200-day simple moving average of $47.85. The stock has a market capitalization of $13.14 billion, a P/E ratio of 14.97 and a beta of 1.13. The Liberty SiriusXM Group has a 12 month low of $37.73 and a 12 month high of $56.26.

The Liberty SiriusXM Group (NASDAQ:LSXMAGet Rating) last posted its quarterly earnings results on Friday, February 25th. The technology company reported ($0.20) EPS for the quarter. The business had revenue of $2.28 billion during the quarter. The Liberty SiriusXM Group had a net margin of 10.18% and a return on equity of 4.85%.

In other news, major shareholder Gamco Investors, Inc. Et Al acquired 5,000 shares of The Liberty SiriusXM Group stock in a transaction that occurred on Wednesday, April 20th. The stock was purchased at an average cost of $28.02 per share, with a total value of $140,100.00. Following the completion of the acquisition, the insider now owns 5,000 shares in the company, valued at approximately $140,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought a total of 12,000 shares of company stock valued at $328,850 over the last three months.

A number of hedge funds have recently modified their holdings of LSXMA. Segantii Capital Management Ltd raised its holdings in The Liberty SiriusXM Group by 211.0% during the first quarter. Segantii Capital Management Ltd now owns 1,499,891 shares of the technology company’s stock worth $68,560,000 after purchasing an additional 1,017,583 shares during the last quarter. Senator Investment Group LP acquired a new position in The Liberty SiriusXM Group during the third quarter worth $47,878,000. Baupost Group LLC MA raised its holdings in shares of The Liberty SiriusXM Group by 25.7% in the third quarter. Baupost Group LLC MA now owns 4,400,000 shares of the technology company’s stock worth $207,548,000 after acquiring an additional 900,000 shares during the last quarter. Bank of Nova Scotia acquired a new position in shares of The Liberty SiriusXM Group in the first quarter worth $39,529,000. Finally, Norges Bank acquired a new position in shares of The Liberty SiriusXM Group in the fourth quarter worth $37,829,000. 28.89% of the stock is owned by hedge funds and other institutional investors.

The Liberty SiriusXM Group Company Profile (Get Rating)

The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States and Canada. It features music, sports, entertainment, comedy, talk, news, traffic, weather channels, podcast, and infotainment services through proprietary satellite radio systems, as well as streamed through applications for mobile and home devices, and other consumer electronic equipment.

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