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 note issued to investors 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 reissued an “overweight” rating and set a $51.00 price target on shares of Liberty Sirius XM Group Series C in a research report on Friday, March 15th.

LSXMK stock opened at $36.43 on Wednesday. Liberty Sirius XM Group Series C has a 12-month low of $34.84 and a 12-month high of $48.56. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 18.12 and a beta of 1.21.

Liberty Sirius XM Group Series C (NASDAQ:LSXMK) last posted its quarterly earnings results on Thursday, May 9th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.21). The business had revenue of $1.74 billion during the quarter. As a group, equities research analysts forecast that Liberty Sirius XM Group Series C will post 1.69 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Massey Quick Simon & CO. LLC acquired a new position in shares of Liberty Sirius XM Group Series C during the first quarter worth about $25,000. Advisory Alpha LLC acquired a new position in shares of Liberty Sirius XM Group Series C during the first quarter worth about $31,000. Lindbrook Capital LLC acquired a new position in shares of Liberty Sirius XM Group Series C during the fourth quarter worth about $29,000. Icon Wealth Partners LLC acquired a new position in shares of Liberty Sirius XM Group Series C during the first quarter worth about $78,000. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Liberty Sirius XM Group Series C by 3,978.8% during the first quarter. Rockefeller Capital Management L.P. now owns 2,692 shares of the technology company’s stock worth $103,000 after purchasing an additional 2,626 shares in the last quarter. Institutional investors own 80.51% of the company’s stock.

About Liberty Sirius XM Group Series C

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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