Liberty Sirius XM Group Series C (LSXMK) Now Covered by Morgan Stanley

Investment analysts at Morgan Stanley assumed coverage on shares of Liberty Sirius XM Group Series C (NASDAQ:LSXMK) in a research note issued on Friday, The Fly reports. The brokerage set an “overweight” rating on the technology company’s stock.

Separately, Zacks Investment Research downgraded Liberty Sirius XM Group Series C from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 30th.

Liberty Sirius XM Group Series C stock opened at $41.37 on Friday. Liberty Sirius XM Group Series C has a 12 month low of $34.84 and a 12 month high of $48.56. The company has a market capitalization of $8.70 billion, a price-to-earnings ratio of 20.58 and a beta of 1.20.

Institutional investors have recently made changes to their positions in the stock. Lindbrook Capital LLC purchased a new position in shares of Liberty Sirius XM Group Series C in the 4th quarter valued at about $29,000. Baldwin Brothers Inc. MA acquired a new stake in shares of Liberty Sirius XM Group Series C during the 4th quarter worth about $30,000. Oregon Public Employees Retirement Fund acquired a new stake in shares of Liberty Sirius XM Group Series C during the 4th quarter worth about $30,000. Princeton Global Asset Management LLC acquired a new stake in shares of Liberty Sirius XM Group Series C during the 4th quarter worth about $114,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Liberty Sirius XM Group Series C during the 3rd quarter worth about $123,000. Institutional investors own 79.01% of the company’s stock.

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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