Wall Street analysts expect Liberty Sirius XM Group (NASDAQ:LSXMA) to report $1.40 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Liberty Sirius XM Group’s earnings. The lowest sales estimate is $1.38 billion and the highest is $1.42 billion. Liberty Sirius XM Group posted sales of $1.30 billion in the same quarter last year, which would indicate a positive year over year growth rate of 7.7%. The firm is expected to report its next earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that Liberty Sirius XM Group will report full year sales of $1.40 billion for the current year, with estimates ranging from $5.41 billion to $5.51 billion. For the next year, analysts forecast that the firm will report sales of $5.75 billion per share, with estimates ranging from $5.71 billion to $5.80 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Liberty Sirius XM Group.

Several research analysts have issued reports on the company. Pivotal Research upped their price target on Liberty Sirius XM Group from $54.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Bank of America upped their price target on Liberty Sirius XM Group from $46.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, October 12th. Zacks Investment Research cut Liberty Sirius XM Group from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Finally, B. Riley reaffirmed a “buy” rating on shares of Liberty Sirius XM Group in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $50.80.

In other Liberty Sirius XM Group news, Director Malcolm Ian Grant Gilchrist sold 3,841 shares of Liberty Sirius XM Group stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $39.61, for a total transaction of $152,142.01. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman John C. Malone sold 18,000 shares of Liberty Sirius XM Group stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $43.28, for a total transaction of $779,040.00. The disclosure for this sale can be found here.

A number of hedge funds and other institutional investors have recently bought and sold shares of LSXMA. Toronto Dominion Bank grew its holdings in shares of Liberty Sirius XM Group by 243.9% during the 3rd quarter. Toronto Dominion Bank now owns 3,896 shares of the technology company’s stock valued at $163,000 after acquiring an additional 2,763 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new position in shares of Liberty Sirius XM Group during the 2nd quarter valued at $195,000. M&T Bank Corp purchased a new position in shares of Liberty Sirius XM Group during the 2nd quarter valued at $246,000. Achmea Investment Management B.V. purchased a new position in shares of Liberty Sirius XM Group during the 3rd quarter valued at $252,000. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Liberty Sirius XM Group by 5,024.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 6,149 shares of the technology company’s stock valued at $258,000 after acquiring an additional 6,029 shares in the last quarter. Hedge funds and other institutional investors own 25.06% of the company’s stock.

Shares of Liberty Sirius XM Group (LSXMA) traded down $0.04 during trading hours on Friday, reaching $41.06. The company had a trading volume of 326,531 shares, compared to its average volume of 519,448. Liberty Sirius XM Group has a 1 year low of $34.44 and a 1 year high of $46.43. The company has a market capitalization of $22,380.00 and a PE ratio of 29.75.

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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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