The Liberty SiriusXM Group (NASDAQ:LSXMA) Receives Consensus Rating of “Buy” from Brokerages

Shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) have been assigned an average recommendation of “Buy” from the two analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $39.00.

Separately, Citigroup downgraded shares of The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and reduced their target price for the company from $35.00 to $28.00 in a research note on Wednesday.

The Liberty SiriusXM Group Stock Performance

Shares of NASDAQ:LSXMA opened at $25.39 on Wednesday. The Liberty SiriusXM Group has a 52 week low of $22.01 and a 52 week high of $31.69. The company’s fifty day moving average is $28.43 and its 200-day moving average is $28.01.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last issued its earnings results on Wednesday, February 28th. The technology company reported $0.53 EPS for the quarter. The firm had revenue of $2.29 billion during the quarter. As a group, equities research analysts anticipate that The Liberty SiriusXM Group will post 1.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Berkshire Hathaway Inc acquired 20,609 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were purchased at an average price of $29.94 per share, with a total value of $617,033.46. Following the acquisition, the insider now directly owns 25,773,955 shares in the company, valued at $771,672,212.70. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have purchased a total of 6,613,871 shares of company stock valued at $187,375,989 in the last 90 days.

Institutional Investors Weigh In On The Liberty SiriusXM Group

A number of hedge funds have recently added to or reduced their stakes in LSXMA. TFO Wealth Partners LLC boosted its stake in shares of The Liberty SiriusXM Group by 70,150.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,405 shares of the technology company’s stock valued at $40,000 after purchasing an additional 1,403 shares during the last quarter. LWM Advisory Services LLC bought a new position in shares of The Liberty SiriusXM Group in the 3rd quarter valued at about $134,000. Seizert Capital Partners LLC bought a new position in shares of The Liberty SiriusXM Group in the 4th quarter valued at about $224,000. Robeco Institutional Asset Management B.V. bought a new position in shares of The Liberty SiriusXM Group in the 4th quarter valued at about $234,000. Finally, Jump Financial LLC bought a new position in shares of The Liberty SiriusXM Group in the 3rd quarter valued at about $244,000. Institutional investors own 28.72% of the company’s stock.

About The Liberty SiriusXM Group

The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States, the United Kingdom, and internationally. 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 SXM App for mobile and home devices, and other consumer electronic equipment.