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

The Liberty SiriusXM Group (NASDAQ:LSXMA) has received an average recommendation of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $31.13.

Several analysts have issued reports on LSXMA shares. Citigroup downgraded shares of The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $35.00 to $28.00 in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of 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. Seaport Res Ptn raised shares of The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a report on Monday, April 29th. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $27.00 price target (down previously from $36.00) on shares of The Liberty SiriusXM Group in a report on Monday, June 24th.

Insider Activity at The Liberty SiriusXM Group

In related news, Chairman John C. Malone sold 139,065 shares of the company’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 transaction of $9,592,703.70. Following the transaction, the chairman now owns 2,401,365 shares of the company’s stock, valued at $165,646,157.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc sold 52,911 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $34.06, for a total transaction of $1,802,148.66. Following the transaction, the insider now directly owns 4,999,007 shares in the company, valued at approximately $170,266,178.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman John C. Malone sold 139,065 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $68.98, for a total transaction of $9,592,703.70. Following the completion of the transaction, the chairman now owns 2,401,365 shares in the company, valued at $165,646,157.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 192,121 shares of company stock valued at $11,405,031. Company insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Equitable Trust Co. grew its position in The Liberty SiriusXM Group by 7.2% in the 4th quarter. Equitable Trust Co. now owns 16,517 shares of the technology company’s stock worth $475,000 after purchasing an additional 1,105 shares during the last quarter. Strs Ohio acquired a new stake in The Liberty SiriusXM Group in the 4th quarter valued at approximately $1,484,000. abrdn plc increased its position in The Liberty SiriusXM Group by 112.7% in the 4th quarter. abrdn plc now owns 24,367 shares of the technology company’s stock valued at $680,000 after acquiring an additional 12,912 shares during the period. Capital Management Corp VA bought a new stake in The Liberty SiriusXM Group during the 4th quarter valued at $1,841,000. Finally, Illinois Municipal Retirement Fund boosted its position in The Liberty SiriusXM Group by 24.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 97,020 shares of the technology company’s stock worth $2,788,000 after acquiring an additional 19,018 shares during the period. 28.72% of the stock is currently owned by institutional investors.

The Liberty SiriusXM Group Trading Up 1.1 %

Shares of LSXMA opened at $21.24 on Friday. The firm’s 50-day moving average is $22.03 and its two-hundred day moving average is $25.70. The Liberty SiriusXM Group has a twelve month low of $20.13 and a twelve month high of $31.69. The firm has a market capitalization of $6.94 billion and a P/E ratio of 8.74.

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

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.