Liberty Sirius XM Group Series A (NASDAQ:LSXMA) Receives $60.60 Average Target Price from Brokerages

Shares of Liberty Sirius XM Group Series A (NASDAQ:LSXMA) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $60.60.

A number of equities analysts have recently issued reports on LSXMA shares. Deutsche Bank upped their target price on shares of Liberty Sirius XM Group Series A from $62.00 to $67.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. Benchmark started coverage on shares of Liberty Sirius XM Group Series A in a report on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price target for the company. Citigroup boosted their price objective on shares of Liberty Sirius XM Group Series A from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. ValuEngine downgraded Liberty Sirius XM Group Series A from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Zacks Investment Research lowered Liberty Sirius XM Group Series A from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 14th.

LSXMA traded down $0.43 during midday trading on Thursday, hitting $47.72. The company had a trading volume of 31,569 shares, compared to its average volume of 781,978. Liberty Sirius XM Group Series A has a twelve month low of $34.92 and a twelve month high of $48.96. The company has a market capitalization of $15.40 billion, a PE ratio of 23.69 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.50 and a current ratio of 0.50. The firm’s 50-day simple moving average is $45.68 and its 200-day simple moving average is $41.02.

In other news, SVP Brian J. Wendling sold 14,533 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $38.47, for a total transaction of $559,084.51. Also, CEO Gregory B. Maffei sold 25,205 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $47.84, for a total value of $1,205,807.20. Insiders have sold a total of 122,528 shares of company stock valued at $5,715,819 over the last three months.

A number of institutional investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp increased its holdings in Liberty Sirius XM Group Series A by 0.8% during the 3rd quarter. Stifel Financial Corp now owns 28,911 shares of the technology company’s stock worth $1,123,000 after purchasing an additional 224 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Liberty Sirius XM Group Series A by 1.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 23,672 shares of the technology company’s stock valued at $895,000 after purchasing an additional 243 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Liberty Sirius XM Group Series A by 1.1% during the third quarter. Public Employees Retirement System of Ohio now owns 27,242 shares of the technology company’s stock worth $1,132,000 after buying an additional 307 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Liberty Sirius XM Group Series A by 36.9% in the 2nd quarter. Captrust Financial Advisors now owns 1,348 shares of the technology company’s stock worth $51,000 after purchasing an additional 363 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Liberty Sirius XM Group Series A by 2.5% in the second quarter. Nomura Asset Management Co. Ltd. now owns 16,378 shares of the technology company’s stock valued at $619,000 after buying an additional 393 shares during the period. 27.59% of the stock is currently owned by institutional investors and hedge funds.

Liberty Sirius XM Group Series A Company Profile

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 streaming services through applications for mobile and home devices, and other consumer electronic equipment, as well as online.

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Analyst Recommendations for Liberty Sirius XM Group Series A (NASDAQ:LSXMA)

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