Brokerages Set Liberty Sirius XM Group Series A (NASDAQ:LSXMA) PT at $62.00

Liberty Sirius XM Group Series A (NASDAQ:LSXMA) has been given an average rating of “Buy” by the six research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $62.00.

LSXMA has been the subject of several analyst reports. Pivotal Research reiterated a “buy” rating and issued a $67.00 price target on shares of Liberty Sirius XM Group Series A in a report on Sunday, August 11th. Citigroup upped their price objective on Liberty Sirius XM Group Series A from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Deutsche Bank upped their price objective on Liberty Sirius XM Group Series A from $62.00 to $67.00 and gave the stock a “buy” rating in a report on Monday, August 19th. Zacks Investment Research downgraded Liberty Sirius XM Group Series A from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 14th. Finally, Benchmark initiated coverage on Liberty Sirius XM Group Series A in a report on Wednesday. They set a “buy” rating and a $60.00 price objective for the company.

Shares of LSXMA opened at $42.30 on Wednesday. The stock has a fifty day moving average of $41.13 and a two-hundred day moving average of $39.45. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.49 and a current ratio of 0.49. The company has a market capitalization of $13.27 billion, a PE ratio of 25.49 and a beta of 1.19. Liberty Sirius XM Group Series A has a fifty-two week low of $34.92 and a fifty-two week high of $43.57.

Liberty Sirius XM Group Series A (NASDAQ:LSXMA) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.52 earnings per share for the quarter. The company had revenue of $1.98 billion during the quarter. Liberty Sirius XM Group Series A had a return on equity of 2.40% and a net margin of 8.06%.

In related news, SVP Brian J. Wendling sold 14,533 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $38.47, for a total transaction of $559,084.51. Also, insider Albert E. Rosenthaler sold 3,398 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $28.22, for a total transaction of $95,891.56. Following the sale, the insider now directly owns 9,990 shares of the company’s stock, valued at $281,917.80. The disclosure for this sale can be found here.

Institutional investors have recently made changes to their positions in the stock. Pecaut & CO. boosted its position in Liberty Sirius XM Group Series A by 3.5% in the 1st quarter. Pecaut & CO. now owns 178,639 shares of the technology company’s stock valued at $6,820,000 after buying an additional 5,975 shares during the last quarter. Swiss National Bank boosted its position in Liberty Sirius XM Group Series A by 5.5% in the 1st quarter. Swiss National Bank now owns 294,052 shares of the technology company’s stock valued at $11,227,000 after buying an additional 15,300 shares during the last quarter. Tyers Asset Management LLC boosted its position in Liberty Sirius XM Group Series A by 148.4% in the 1st quarter. Tyers Asset Management LLC now owns 122,080 shares of the technology company’s stock valued at $4,661,000 after buying an additional 72,940 shares during the last quarter. Neuburgh Advisers LLC boosted its position in Liberty Sirius XM Group Series A by 148.4% in the 1st quarter. Neuburgh Advisers LLC now owns 95,920 shares of the technology company’s stock valued at $3,662,000 after buying an additional 57,310 shares during the last quarter. Finally, Williams Jones & Associates LLC purchased a new position in Liberty Sirius XM Group Series A in the 1st quarter valued at about $555,000. 27.34% of the stock is owned by hedge funds and other institutional investors.

About Liberty Sirius XM Group Series A

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.

Recommended Story: Dollar Cost Averaging

Analyst Recommendations for Liberty Sirius XM Group Series A (NASDAQ:LSXMA)

Receive News & Ratings for Liberty Sirius XM Group Series A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Sirius XM Group Series A and related companies with MarketBeat.com's FREE daily email newsletter.