Liberty Sirius XM Group Series C (NASDAQ:LSXMK) Downgraded by Zacks Investment Research

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Liberty Sirius XM Group Series C (NASDAQ:LSXMK) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released 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, Morgan Stanley reiterated an “overweight” rating and issued a $51.00 price objective on shares of Liberty Sirius XM Group Series C in a report on Friday, March 15th.

NASDAQ:LSXMK opened at $37.01 on Wednesday. Liberty Sirius XM Group Series C has a one year low of $34.84 and a one year high of $48.56. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of 18.41 and a beta of 1.22.

Liberty Sirius XM Group Series C (NASDAQ:LSXMK) last released its quarterly earnings data on Thursday, May 9th. The technology company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.21). The business had revenue of $1.74 billion for the quarter. Equities research analysts predict that Liberty Sirius XM Group Series C will post 1.48 EPS for the current year.

Institutional investors have recently made changes to their positions in the company. Paloma Partners Management Co bought a new stake in shares of Liberty Sirius XM Group Series C in the fourth quarter valued at about $288,000. Two Sigma Advisers LP lifted its position in Liberty Sirius XM Group Series C by 161.2% during the fourth quarter. Two Sigma Advisers LP now owns 511,200 shares of the technology company’s stock worth $18,904,000 after purchasing an additional 315,500 shares during the period. First Trust Advisors LP lifted its position in Liberty Sirius XM Group Series C by 3.1% during the fourth quarter. First Trust Advisors LP now owns 273,563 shares of the technology company’s stock worth $10,116,000 after purchasing an additional 8,250 shares during the period. Bank of Nova Scotia bought a new stake in Liberty Sirius XM Group Series C during the fourth quarter worth about $1,039,000. Finally, New South Capital Management Inc. bought a new stake in Liberty Sirius XM Group Series C during the fourth quarter worth about $59,761,000. 80.51% of the stock is owned by institutional investors.

Liberty Sirius XM Group Series C 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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