The Liberty SiriusXM Group (NASDAQ:LSXMA) Receives In-Line Rating from Evercore ISI

Evercore ISI reissued their in-line rating on shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) in a report issued on Monday morning, Marketbeat.com reports. Evercore ISI currently has a $27.00 price objective on the technology company’s stock, down from their prior price objective of $36.00.

Several other brokerages have also recently issued reports on LSXMA. Deutsche Bank Aktiengesellschaft reduced their target price on The Liberty SiriusXM Group from $34.00 to $31.50 and set a buy rating on the stock in a report on Monday, June 17th. Citigroup cut The Liberty SiriusXM Group from a buy rating to a neutral rating and reduced their target price for the stock from $35.00 to $28.00 in a report on Wednesday, April 24th. Finally, Seaport Res Ptn raised The Liberty SiriusXM Group from a neutral rating to a buy rating in a report on Monday, April 29th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $31.13.

The Liberty SiriusXM Group Trading Up 1.7 %

Shares of LSXMA stock opened at $21.54 on Monday. The Liberty SiriusXM Group has a 12-month low of $20.13 and a 12-month high of $31.69. The stock’s 50-day moving average price is $23.09 and its 200-day moving average price is $27.08. The stock has a market capitalization of $7.04 billion and a price-to-earnings ratio of 8.86.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last issued its earnings results on Wednesday, May 8th. The technology company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.05). The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.14 billion. As a group, research analysts predict that The Liberty SiriusXM Group will post 2.49 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Berkshire Hathaway Inc sold 52,911 shares of The Liberty SiriusXM Group stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $34.06, for a total value of $1,802,148.66. Following the completion of the transaction, the insider now owns 4,999,007 shares in the company, valued at $170,266,178.42. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc sold 52,911 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $34.06, for a total transaction of $1,802,148.66. Following the completion of the transaction, the insider now owns 4,999,007 shares in the company, valued at $170,266,178.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman John C. Malone sold 139,065 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $68.98, for a total value of $9,592,703.70. Following the transaction, the chairman now owns 2,401,365 shares of the company’s stock, valued at approximately $165,646,157.70. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 3,769,555 shares of company stock worth $100,335,332 and sold 282,072 shares worth $17,749,275. 0.09% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Central Pacific Bank Trust Division purchased a new position in shares of The Liberty SiriusXM Group during the first quarter valued at approximately $29,000. TFO Wealth Partners LLC boosted its holdings in shares of The Liberty SiriusXM Group by 70,150.0% in the fourth 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 period. Fidelis Capital Partners LLC purchased a new stake in shares of The Liberty SiriusXM Group in the first quarter valued at approximately $94,000. Headlands Technologies LLC boosted its holdings in shares of The Liberty SiriusXM Group by 548.7% in the first quarter. Headlands Technologies LLC now owns 5,138 shares of the technology company’s stock valued at $153,000 after purchasing an additional 4,346 shares during the period. Finally, Meixler Investment Management Ltd. purchased a new stake in shares of The Liberty SiriusXM Group in the first quarter valued at approximately $223,000. Hedge funds and other institutional investors own 28.72% of the company’s stock.

The Liberty SiriusXM Group Company Profile

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.