Zacks Investment Research downgraded shares of Liberty Sirius XM Group Series A (NASDAQ:LSXMA) from a hold rating to a strong sell rating in a research report sent to investors on Wednesday, Zacks.com reports.

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. “

Separately, Pivotal Research restated a buy rating and set a $67.00 price objective on shares of Liberty Sirius XM Group Series A in a research report on Sunday. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Liberty Sirius XM Group Series A currently has a consensus rating of Buy and a consensus target price of $60.40.

NASDAQ:LSXMA traded up $0.16 during mid-day trading on Wednesday, hitting $39.61. The stock had a trading volume of 2,860 shares, compared to its average volume of 514,866. Liberty Sirius XM Group Series A has a twelve month low of $34.92 and a twelve month high of $47.54. The firm has a market cap of $12.94 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 1.75 and a beta of 1.19. The stock has a 50 day simple moving average of $39.78.

In related news, Director Andrea L. Wong sold 1,741 shares of Liberty Sirius XM Group Series A stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $26.51, for a total value of $46,153.91. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC lifted its holdings in shares of Liberty Sirius XM Group Series A by 852.5% during the fourth quarter. FMR LLC now owns 1,539,255 shares of the technology company’s stock worth $56,644,000 after purchasing an additional 1,377,654 shares during the period. Eidelman Virant Capital acquired a new position in shares of Liberty Sirius XM Group Series A during the second quarter worth $12,069,000. Nuveen Asset Management LLC acquired a new position in shares of Liberty Sirius XM Group Series A during the second quarter worth $11,612,000. Marshall Wace North America L.P. lifted its holdings in shares of Liberty Sirius XM Group Series A by 36.6% during the second quarter. Marshall Wace North America L.P. now owns 850,532 shares of the technology company’s stock worth $32,158,000 after purchasing an additional 227,977 shares during the period. Finally, Man Group plc lifted its holdings in shares of Liberty Sirius XM Group Series A by 40.4% during the second quarter. Man Group plc now owns 652,659 shares of the technology company’s stock worth $24,677,000 after purchasing an additional 187,766 shares during the period. 27.16% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Sirius XM Group Series A Company Profile

The Liberty SiriusXM Group, through its subsidiary, Sirius XM Holdings Inc, transmits music, sports, entertainment, comedy, talk, news, traffic, and weather channels in the United States and Canada. The company also provides infotainment services; and streaming services through applications for mobile and home devices, and other consumer electronic equipment, as well as online.

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