Liberty Sirius XM Group (LSXMA) Rating Increased to Hold at Zacks Investment Research
Liberty Sirius XM Group (NASDAQ:LSXMA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and 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 LSXMA. Morgan Stanley lowered shares of Liberty Sirius XM Group from an “overweight” rating to an “equal weight” rating in a research report on Monday, January 23rd. FBR & Co restated a “buy” rating and set a $48.00 price target on shares of Liberty Sirius XM Group in a research report on Monday, February 13th. Finally, Citigroup Inc restated a “neutral” rating and set a $40.00 price target (up from $37.00) on shares of Liberty Sirius XM Group in a research report on Saturday, March 11th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $42.41.
Liberty Sirius XM Group (NASDAQ:LSXMA) opened at 39.47 on Friday. Liberty Sirius XM Group has a 12 month low of $28.00 and a 12 month high of $40.18. The company’s 50-day moving average price is $38.03 and its 200 day moving average price is $35.34. The company has a market capitalization of $13.22 billion and a price-to-earnings ratio of 32.01.
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A number of hedge funds and other institutional investors have recently made changes to their positions in LSXMA. Norges Bank bought a new position in shares of Liberty Sirius XM Group during the fourth quarter valued at about $64,060,000. Victory Capital Management Inc. raised its position in shares of Liberty Sirius XM Group by 7,897.1% in the third quarter. Victory Capital Management Inc. now owns 896,794 shares of the company’s stock valued at $30,473,000 after buying an additional 885,580 shares during the period. EastBay Asset Management LLC bought a new position in shares of Liberty Sirius XM Group during the fourth quarter valued at about $25,798,000. Alps Advisors Inc. bought a new position in shares of Liberty Sirius XM Group during the third quarter valued at about $10,112,000. Finally, Marshall Wace LLP bought a new position in shares of Liberty Sirius XM Group during the fourth quarter valued at about $8,024,000. Institutional investors own 24.44% of the company’s stock.
About Liberty Sirius XM Group
Liberty Media Corporation (Liberty) owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. Through its subsidiaries and affiliates, the Company principally operates in North America. Its principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and the Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).
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