Zacks Investment Research downgraded shares of Liberty Sirius XM Group (NASDAQ:LSXMA) from a buy rating to a hold rating in a research note published on Friday.

According to Zacks, “The Liberty SiriusXM Group provides satellite radio services consists of commercial-free music, sports, news, talk, entertainment, traffic and weather. The Liberty SiriusXM Group is based in United States. “

A number of other research firms also recently issued reports on LSXMA. Bank of America lifted their price objective on shares of Liberty Sirius XM Group from $46.00 to $54.00 and gave the stock a buy rating in a report on Thursday, October 12th. B. Riley reaffirmed a buy rating and set a $56.00 price objective on shares of Liberty Sirius XM Group in a report on Friday, January 26th. Pivotal Research lifted their price objective on shares of Liberty Sirius XM Group from $54.00 to $58.00 and gave the stock a buy rating in a report on Wednesday, October 25th. Buckingham Research initiated coverage on shares of Liberty Sirius XM Group in a report on Friday, January 19th. They set a buy rating and a $54.00 price objective for the company. Finally, Deutsche Bank raised shares of Liberty Sirius XM Group from a hold rating to a buy rating and lifted their price objective for the stock from $46.00 to $54.00 in a report on Friday, January 19th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $53.80.

Shares of Liberty Sirius XM Group (NASDAQ LSXMA) opened at $40.90 on Friday. Liberty Sirius XM Group has a fifty-two week low of $35.75 and a fifty-two week high of $46.43. The stock has a market cap of $13,742.81, a price-to-earnings ratio of 25.25, a PEG ratio of 0.79 and a beta of 2.41.

Liberty Sirius XM Group (NASDAQ:LSXMA) last posted its quarterly earnings data on Thursday, November 9th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. equities analysts predict that Liberty Sirius XM Group will post 1.76 EPS for the current year.

In other Liberty Sirius XM Group news, Director Malcolm Ian Grant Gilchrist sold 3,841 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $39.61, for a total value of $152,142.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

A number of institutional investors have recently bought and sold shares of LSXMA. M&T Bank Corp bought a new stake in Liberty Sirius XM Group in the second quarter worth $246,000. Renaissance Technologies LLC lifted its stake in Liberty Sirius XM Group by 30.8% in the second quarter. Renaissance Technologies LLC now owns 354,700 shares of the technology company’s stock worth $14,890,000 after purchasing an additional 83,600 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Liberty Sirius XM Group by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 653,280 shares of the technology company’s stock worth $27,422,000 after purchasing an additional 2,899 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Liberty Sirius XM Group by 2,532.0% in the second quarter. Janus Henderson Group PLC now owns 262,652 shares of the technology company’s stock worth $11,026,000 after purchasing an additional 252,673 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its stake in Liberty Sirius XM Group by 5,024.2% in the second quarter. Cubist Systematic Strategies LLC now owns 6,149 shares of the technology company’s stock worth $258,000 after purchasing an additional 6,029 shares during the last quarter. 25.18% of the stock is owned by institutional investors and hedge funds.

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About Liberty Sirius XM Group

Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Company’s principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).

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Analyst Recommendations for Liberty Sirius XM Group (NASDAQ:LSXMA)

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