Zacks Investment Research Upgrades Liberty Sirius XM Group (LSXMA) to Buy
Liberty Sirius XM Group (NASDAQ:LSXMA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage presently has a $46.00 target price on the technology company’s stock. Zacks Investment Research‘s price target points to a potential upside of 11.19% from the stock’s current price.
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. “
LSXMA has been the subject of several other reports. Pivotal Research boosted their price objective on Liberty Sirius XM Group from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Citigroup raised Liberty Sirius XM Group from a “neutral” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Monday, January 29th. Buckingham Research started coverage on 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. Barclays boosted their price objective on Liberty Sirius XM Group from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Finally, Macquarie reissued a “buy” rating and set a $52.00 price objective on shares of Liberty Sirius XM Group in a report on Sunday, February 4th. Ten investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of $53.40.
In other news, Director Malcolm Ian Grant Gilchrist sold 3,841 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $39.61, for a total transaction of $152,142.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Institutional investors have recently bought and sold shares of the company. Partners Capital Investment Group LLP acquired a new position in shares of Liberty Sirius XM Group during the 4th quarter worth about $129,000. Toronto Dominion Bank grew its position in shares of Liberty Sirius XM Group by 243.9% in the 3rd quarter. Toronto Dominion Bank now owns 3,896 shares of the technology company’s stock valued at $163,000 after purchasing an additional 2,763 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Liberty Sirius XM Group in the 4th quarter valued at approximately $208,000. Oak Grove Capital LLC acquired a new position in shares of Liberty Sirius XM Group in the 4th quarter valued at approximately $238,000. Finally, Achmea Investment Management B.V. acquired a new position in shares of Liberty Sirius XM Group in the 3rd quarter valued at approximately $252,000. Institutional investors own 25.24% of the company’s stock.
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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