The Liberty SiriusXM Group (NASDAQ:LSXMK) Earns Sell Rating from Analysts at StockNews.com

by · The Cerbat Gem

StockNews.com initiated coverage on shares of The Liberty SiriusXM Group (NASDAQ:LSXMK – Free Report) in a research report released on Sunday morning. The brokerage issued a sell rating on the technology company’s stock.

Separately, Rosenblatt Securities decreased their price target on shares of The Liberty SiriusXM Group from $29.00 to $28.00 and set a buy rating on the stock in a research note on Wednesday, August 14th.

Check Out Our Latest Stock Analysis on The Liberty SiriusXM Group

The Liberty SiriusXM Group Price Performance

Shares of LSXMK stock opened at $22.29 on Friday. The Liberty SiriusXM Group has a 1 year low of $20.05 and a 1 year high of $31.67. The firm has a fifty day moving average price of $22.37 and a 200-day moving average price of $23.30. The company has a market cap of $7.28 billion and a price-to-earnings ratio of 9.17.

The Liberty SiriusXM Group (NASDAQ:LSXMK – Get Free Report) last released its earnings results on Thursday, August 8th. The technology company reported $0.60 earnings per share for the quarter. The firm had revenue of $2.18 billion for the quarter.

Hedge Funds Weigh In On The Liberty SiriusXM Group

Hedge funds have recently added to or reduced their stakes in the stock. Mather Group LLC. grew its stake 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 worth $37,000 after acquiring an additional 839 shares in the last quarter. Motco lifted its position in shares of The Liberty SiriusXM Group by 172,300.0% in the 1st quarter. Motco now owns 1,724 shares of the technology company’s stock worth $51,000 after purchasing an additional 1,723 shares during the period. Quest Partners LLC purchased a new stake in shares of The Liberty SiriusXM Group in the 2nd quarter worth approximately $42,000. UniSuper Management Pty Ltd lifted its position in shares of 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 worth $68,000 after purchasing an additional 1,100 shares during the period. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of The Liberty SiriusXM Group in the 1st quarter worth approximately $131,000. 56.58% of the stock is currently owned by institutional investors.

The Liberty SiriusXM Group Company Profile

(Get Free Report)

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.

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