The Liberty SiriusXM Group (NASDAQ:LSXMA) Rating Reiterated by Evercore ISI

Evercore ISI restated their in-line rating on shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) in a research note published on Monday, MarketBeat Ratings reports. Evercore ISI currently has a $27.00 price objective on the technology company’s stock, down from their prior price objective of $36.00.

Other equities research analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of The Liberty SiriusXM Group from $34.00 to $31.50 and set a buy rating for the company in a research report on Monday, June 17th. Seaport Res Ptn upgraded shares of The Liberty SiriusXM Group from a neutral rating to a buy rating in a research note on Monday, April 29th. Finally, Citigroup cut shares of The Liberty SiriusXM Group from a buy rating to a neutral rating and lowered their target price for the company from $35.00 to $28.00 in a research note on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, The Liberty SiriusXM Group has an average rating of Moderate Buy and an average price target of $31.13.

The Liberty SiriusXM Group Stock Performance

LSXMA stock opened at $21.18 on Monday. The firm has a 50 day moving average price of $23.21 and a 200-day moving average price of $27.16. The Liberty SiriusXM Group has a 52-week low of $20.13 and a 52-week high of $31.69. The firm has a market capitalization of $6.92 billion and a price-to-earnings ratio of 8.72.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last announced its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.05). The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. As a group, sell-side analysts forecast that The Liberty SiriusXM Group will post 2.49 earnings per share for the current fiscal year.

Insider Transactions at The Liberty SiriusXM Group

In related news, major shareholder Berkshire Hathaway Inc sold 52,911 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $34.06, for a total transaction of $1,802,148.66. Following the transaction, the insider now directly owns 4,999,007 shares in the company, valued at approximately $170,266,178.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Berkshire Hathaway Inc sold 52,911 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $34.06, for a total transaction of $1,802,148.66. Following the transaction, the insider now directly owns 4,999,007 shares in the company, valued at approximately $170,266,178.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman John C. Malone sold 139,065 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $68.98, for a total transaction of $9,592,703.70. Following the completion of the transaction, the chairman now owns 2,401,365 shares in the company, valued at $165,646,157.70. The disclosure for this sale can be found here. In the last three months, insiders have acquired 3,769,555 shares of company stock worth $100,335,332 and have sold 282,072 shares worth $17,749,275. Insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On The Liberty SiriusXM Group

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in The Liberty SiriusXM Group by 12.7% during the first quarter. Vanguard Group Inc. now owns 12,262,936 shares of the technology company’s stock valued at $364,209,000 after acquiring an additional 1,386,685 shares during the last quarter. Aristeia Capital LLC grew its position in The Liberty SiriusXM Group by 5.0% during the third quarter. Aristeia Capital LLC now owns 3,314,144 shares of the technology company’s stock valued at $84,345,000 after buying an additional 157,677 shares during the period. Point72 Asset Management L.P. grew its position in The Liberty SiriusXM Group by 7.8% during the fourth quarter. Point72 Asset Management L.P. now owns 2,620,134 shares of the technology company’s stock valued at $75,303,000 after buying an additional 190,608 shares during the period. Cadian Capital Management LP grew its position in The Liberty SiriusXM Group by 35.2% during the fourth quarter. Cadian Capital Management LP now owns 1,474,376 shares of the technology company’s stock valued at $42,374,000 after buying an additional 384,000 shares during the period. Finally, UBS Group AG lifted its holdings in The Liberty SiriusXM Group by 769.2% during the fourth quarter. UBS Group AG now owns 1,402,409 shares of the technology company’s stock valued at $40,305,000 after purchasing an additional 1,241,057 shares in the last quarter. Hedge funds and other institutional investors own 28.72% of the company’s stock.

The Liberty SiriusXM Group Company Profile

The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States, the United Kingdom, and internationally. It features music, sports, entertainment, comedy, talk, news, traffic, weather channels, podcast, and infotainment services through proprietary satellite radio systems, as well as streamed through SXM App for mobile and home devices, and other consumer electronic equipment.