Liberty Sirius XM Group (NASDAQ:LSXMA) was upgraded by equities researchers at Citigroup from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday, MarketBeat.com reports. The firm currently has a $54.00 target price on the technology company’s stock. Citigroup’s price target points to a potential upside of 21.79% from the stock’s current price.
Several other research firms have also commented on LSXMA. Bank of America upped their target price on Liberty Sirius XM Group from $46.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, October 12th. B. Riley reaffirmed a “buy” rating and set a $56.00 target price on shares of Liberty Sirius XM Group in a report on Friday. Pivotal Research upped their target price on Liberty Sirius XM Group from $54.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Zacks Investment Research raised Liberty Sirius XM Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 17th. Finally, Buckingham Research initiated coverage on Liberty Sirius XM Group in a report on Friday, January 19th. They set a “buy” rating and a $54.00 target price for the company. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $54.71.
Liberty Sirius XM Group (NASDAQ:LSXMA) traded up $0.42 during trading hours on Monday, hitting $44.34. The stock had a trading volume of 882,510 shares, compared to its average volume of 567,185. The company has a market capitalization of $14,757.56, a price-to-earnings ratio of 27.38, a PEG ratio of 0.89 and a beta of 2.19. Liberty Sirius XM Group has a 52 week low of $35.23 and a 52 week high of $46.43.
In related news, Director Malcolm Ian Grant Gilchrist sold 3,841 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $39.61, for a total value of $152,142.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Hedge funds and other institutional investors have recently modified their holdings of the business. Cornerstone Capital Management Holdings LLC. boosted its stake in Liberty Sirius XM Group by 38.4% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 170,837 shares of the technology company’s stock valued at $7,157,000 after purchasing an additional 47,372 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Liberty Sirius XM Group by 13.0% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 56,644 shares of the technology company’s stock valued at $2,373,000 after purchasing an additional 6,514 shares in the last quarter. Sterling Capital Management LLC bought a new position in Liberty Sirius XM Group during the 3rd quarter valued at $708,000. Achmea Investment Management B.V. bought a new position in Liberty Sirius XM Group during the 3rd quarter valued at $252,000. Finally, State of Wisconsin Investment Board boosted its stake in Liberty Sirius XM Group by 5.4% during the 3rd quarter. State of Wisconsin Investment Board now owns 83,121 shares of the technology company’s stock valued at $3,483,000 after purchasing an additional 4,242 shares in the last quarter. 25.16% of the stock is owned by hedge funds and other 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).
