The Liberty SiriusXM Group (NASDAQ:LSXMA) Receives Average Rating of “Buy” from Analysts

Shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) have received an average rating of “Buy” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $52.33.

Several research analysts recently commented on LSXMA shares. raised their price target on shares of The Liberty SiriusXM Group from $52.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, June 9th. Barclays raised their price target on shares of The Liberty SiriusXM Group from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Monday, August 9th. Finally, Citigroup lifted their price objective on shares of The Liberty SiriusXM Group from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, June 9th.

The Liberty SiriusXM Group stock traded up $0.21 during trading hours on Wednesday, reaching $47.20. 395,847 shares of the stock were exchanged, compared to its average volume of 607,017. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.99 and a current ratio of 0.99. The Liberty SiriusXM Group has a 52-week low of $31.64 and a 52-week high of $50.57. The stock has a market cap of $15.69 billion, a P/E ratio of -28.65 and a beta of 1.25. The firm’s 50 day moving average is $47.81 and its 200 day moving average is $45.91.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last issued its quarterly earnings data on Friday, August 6th. The technology company reported $1.00 EPS for the quarter. The Liberty SiriusXM Group had a negative net margin of 6.49% and a positive return on equity of 2.18%. The firm had revenue of $2.16 billion for the quarter.

A number of large investors have recently made changes to their positions in the business. Wexford Capital LP bought a new stake in shares of The Liberty SiriusXM Group during the second quarter worth $6,514,000. Woodline Partners LP acquired a new position in The Liberty SiriusXM Group in the second quarter valued at about $18,561,000. Invesco Ltd. increased its holdings in shares of The Liberty SiriusXM Group by 18.1% in the second quarter. Invesco Ltd. now owns 68,972 shares of the technology company’s stock worth $3,213,000 after acquiring an additional 10,569 shares in the last quarter. Metropolitan Life Insurance Co NY increased its holdings in shares of The Liberty SiriusXM Group by 165,100.0% in the second quarter. Metropolitan Life Insurance Co NY now owns 1,652 shares of the technology company’s stock worth $77,000 after acquiring an additional 1,651 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of The Liberty SiriusXM Group by 53.2% in the second quarter. Millennium Management LLC now owns 807,055 shares of the technology company’s stock worth $37,593,000 after acquiring an additional 280,236 shares in the last quarter. Hedge funds and other institutional investors own 26.81% of the company’s stock.

The Liberty SiriusXM Group Company Profile

Liberty Media Corp. engages in the operation media, communications, and entertainment businesses. It operates through the following segments: Sirius XM Holdings, Formula 1, and Corporate and Other. The Sirius XM Holdings segment refers to the complementary audio entertainment businesses, Sirius XM and Pandora.

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Analyst Recommendations for The Liberty SiriusXM Group (NASDAQ:LSXMA)

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