Rosenblatt Securities Cuts The Liberty SiriusXM Group (NASDAQ:LSXMK) Price Target to $28.00

The Liberty SiriusXM Group (NASDAQ:LSXMK) had its target price trimmed by Rosenblatt Securities from $29.00 to $28.00 in a research note released on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

Other research analysts have also recently issued reports about the stock. Seaport Res Ptn raised shares of The Liberty SiriusXM Group from a neutral rating to a buy rating in a research report on Monday, April 29th. StockNews.com lowered The Liberty SiriusXM Group from a hold rating to a sell rating in a research report on Friday, August 9th.

The Liberty SiriusXM Group Price Performance

Shares of NASDAQ LSXMK opened at $22.00 on Wednesday. The Liberty SiriusXM Group has a 1-year low of $20.05 and a 1-year high of $31.67. The company has a market capitalization of $7.19 billion and a price-to-earnings ratio of 9.05. The business has a 50-day moving average of $21.98 and a 200-day moving average of $25.22.

Insider Transactions at The Liberty SiriusXM Group

In other news, major shareholder Berkshire Hathaway Inc sold 52,911 shares of The Liberty SiriusXM Group stock in a transaction that occurred on 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 approximately $170,266,178.42. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 12.47% of the company’s stock.

Hedge Funds Weigh In On The Liberty SiriusXM Group

Large investors have recently bought and sold shares of the business. Mather Group LLC. lifted its position in The Liberty SiriusXM Group by 100.5% in the 2nd quarter. Mather Group LLC. now owns 1,674 shares of the technology company’s stock valued at $37,000 after purchasing an additional 839 shares during the last quarter. Motco raised its holdings in shares of The Liberty SiriusXM Group by 172,300.0% during the first quarter. Motco now owns 1,724 shares of the technology company’s stock valued at $51,000 after buying an additional 1,723 shares during the last quarter. Quest Partners LLC acquired a new position in shares of The Liberty SiriusXM Group during the second quarter worth approximately $42,000. Principal Securities Inc. bought a new position in The Liberty SiriusXM Group in the 4th quarter worth approximately $66,000. Finally, UniSuper Management Pty Ltd increased its position in The Liberty SiriusXM Group by 91.7% in the 1st quarter. UniSuper Management Pty Ltd now owns 2,300 shares of the technology company’s stock valued at $68,000 after acquiring an additional 1,100 shares during the period. Institutional investors own 56.58% 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.