The Liberty SiriusXM Group (NASDAQ:LSXMK) Receives $36.00 Consensus PT from Brokerages

Shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) have been given a consensus rating of “Moderate Buy” by the three ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $36.00.

Separately, Seaport Res Ptn upgraded The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th.

The Liberty SiriusXM Group Price Performance

Shares of LSXMK stock opened at $22.58 on Tuesday. The stock’s fifty day simple moving average is $22.32 and its 200 day simple moving average is $26.31. The firm has a market cap of $7.38 billion and a price-to-earnings ratio of 9.29. The Liberty SiriusXM Group has a one year low of $20.05 and a one year high of $31.67.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last posted its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.05). The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion.

Insider Buying and Selling at The Liberty SiriusXM Group

In other The Liberty SiriusXM Group news, Chairman John C. Malone sold 89,951 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $70.53, for a total value of $6,344,244.03. Following the completion of the transaction, the chairman now directly owns 2,540,430 shares of the company’s stock, valued at $179,176,527.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Berkshire Hathaway Inc sold 52,911 shares of the company’s stock in a transaction dated 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 directly owns 4,999,007 shares of the company’s stock, valued at $170,266,178.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman John C. Malone sold 89,951 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $70.53, for a total value of $6,344,244.03. Following the transaction, the chairman now directly owns 2,540,430 shares of the company’s stock, valued at $179,176,527.90. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 654,328 shares of company stock valued at $16,413,391 and sold 282,072 shares valued at $17,749,275. Insiders own 12.47% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Mather Group LLC. raised its stake in The Liberty SiriusXM Group by 100.5% in the second quarter. Mather Group LLC. now owns 1,674 shares of the technology company’s stock valued at $37,000 after buying an additional 839 shares during the period. Motco raised its stake in The Liberty SiriusXM Group by 172,300.0% in 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 period. Principal Securities Inc. bought a new stake in The Liberty SiriusXM Group in the fourth quarter valued at approximately $66,000. UniSuper Management Pty Ltd raised its stake in The Liberty SiriusXM Group by 91.7% in the first quarter. UniSuper Management Pty Ltd now owns 2,300 shares of the technology company’s stock valued at $68,000 after buying an additional 1,100 shares during the period. Finally, TFO Wealth Partners LLC raised its stake in The Liberty SiriusXM Group by 43,283.3% in the fourth quarter. TFO Wealth Partners LLC now owns 2,603 shares of the technology company’s stock valued at $75,000 after buying an additional 2,597 shares during the period. 56.58% of the stock is owned by institutional investors and hedge funds.

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.