Liberty Sirius XM Group (NASDAQ:LSXMK) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday. The firm currently has a $46.00 target price on the technology company’s stock. Zacks Investment Research‘s price target points to a potential upside of 12.97% from the stock’s current price.

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. “

Shares of Liberty Sirius XM Group (LSXMK) opened at $40.72 on Thursday. Liberty Sirius XM Group has a fifty-two week low of $34.10 and a fifty-two week high of $46.24. The stock has a market capitalization of $22,730.00 and a price-to-earnings ratio of 29.51.

Hedge funds have recently bought and sold shares of the company. WFG Advisors LP boosted its holdings in shares of Liberty Sirius XM Group by 42.7% during the second quarter. WFG Advisors LP now owns 2,779 shares of the technology company’s stock worth $116,000 after purchasing an additional 832 shares during the last quarter. Korea Investment CORP acquired a new stake in shares of Liberty Sirius XM Group during the third quarter worth $201,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Liberty Sirius XM Group during the third quarter worth $222,000. Advisor Group Inc. boosted its holdings in shares of Liberty Sirius XM Group by 7.9% during the second quarter. Advisor Group Inc. now owns 6,033 shares of the technology company’s stock worth $251,000 after purchasing an additional 441 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new stake in shares of Liberty Sirius XM Group during the third quarter worth $300,000. Institutional investors and hedge funds own 77.33% of the company’s stock.

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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).

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