Zacks Investment Research lowered shares of Liberty Sirius XM Group (NASDAQ:LSXMA) from a buy rating to a hold rating in a research report sent to investors 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 analysts have also commented on the company. Citigroup raised Liberty Sirius XM Group from a neutral rating to a buy rating and set a $54.00 price target on the stock in a report on Monday, January 29th. B. Riley reissued a buy rating and set a $56.00 price target on shares of Liberty Sirius XM Group in a report on Friday, January 26th. 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 target on the stock. Deutsche Bank raised Liberty Sirius XM Group from a hold rating to a buy rating and raised their price target for the company from $46.00 to $54.00 in a report on Friday, January 19th. Finally, Macquarie reissued a buy rating and set a $52.00 price target on shares of Liberty Sirius XM Group in a report on Sunday, February 4th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $53.50.
In related news, Director Malcolm Ian Grant Gilchrist sold 3,841 shares of Liberty Sirius XM Group 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 SEC, which is available through this hyperlink.
A number of large investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. grew its holdings in Liberty Sirius XM Group by 115.6% during the third quarter. Point72 Asset Management L.P. now owns 1,920,600 shares of the technology company’s stock worth $80,473,000 after acquiring an additional 1,029,720 shares during the period. Gruss Capital Management LP grew its holdings in Liberty Sirius XM Group by 3.1% during the fourth quarter. Gruss Capital Management LP now owns 1,200,000 shares of the technology company’s stock worth $47,592,000 after acquiring an additional 36,500 shares during the period. Incline Global Management LLC acquired a new position in Liberty Sirius XM Group during the fourth quarter worth about $38,215,000. Geode Capital Management LLC grew its holdings in Liberty Sirius XM Group by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 833,647 shares of the technology company’s stock worth $33,042,000 after acquiring an additional 26,155 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Liberty Sirius XM Group by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 653,280 shares of the technology company’s stock worth $27,422,000 after acquiring an additional 2,899 shares during the period. 25.47% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY WARNING: This news story was first posted by Ticker Report and is the property of of Ticker Report. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.tickerreport.com/banking-finance/3223654/liberty-sirius-xm-group-lsxma-rating-lowered-to-hold-at-zacks-investment-research.html.
Liberty Sirius XM Group Company Profile
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Liberty Sirius XM Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Sirius XM Group and related companies with MarketBeat.com's FREE daily email newsletter.