Evercore ISI Reiterates In-Line Rating for The Liberty SiriusXM Group (NASDAQ:LSXMA)

The Liberty SiriusXM Group (NASDAQ:LSXMA)‘s stock had its “in-line” rating reiterated by research analysts at Evercore ISI in a note issued to investors on Monday, MarketBeat Ratings reports. They presently have a $27.00 price objective on the technology company’s stock, down from their prior price objective of $36.00. Evercore ISI’s price objective would indicate a potential upside of 22.12% from the stock’s current price.

Several other equities analysts also recently commented on LSXMA. Citigroup downgraded The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and cut their target price for the stock from $35.00 to $28.00 in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft dropped their price target on The Liberty SiriusXM Group from $34.00 to $31.50 and set a “buy” rating for the company in a report on Monday, June 17th. Finally, Seaport Res Ptn raised The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a report on Monday, April 29th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, The Liberty SiriusXM Group has an average rating of “Moderate Buy” and an average target price of $31.13.

The Liberty SiriusXM Group Stock Up 0.3 %

LSXMA opened at $22.11 on Monday. The firm has a market capitalization of $7.22 billion and a P/E ratio of 9.10. The stock’s 50 day moving average price is $23.35 and its two-hundred day moving average price is $27.23. The Liberty SiriusXM Group has a 12-month low of $20.13 and a 12-month high of $31.69.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last released its earnings results on Wednesday, May 8th. The technology company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.05). The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.14 billion. As a group, analysts anticipate that The Liberty SiriusXM Group will post 2.49 earnings per share for the current year.

Insider Buying and Selling

In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc sold 52,911 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $34.06, for a total transaction of $1,802,148.66. Following the transaction, the insider now owns 4,999,007 shares of the company’s stock, valued at $170,266,178.42. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Chairman John C. Malone sold 89,951 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $70.53, for a total value of $6,344,244.03. Following the transaction, the chairman now owns 2,540,430 shares of the company’s stock, valued at $179,176,527.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Berkshire Hathaway Inc sold 52,911 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $34.06, for a total value of $1,802,148.66. Following the completion of the transaction, the insider now directly owns 4,999,007 shares in the company, valued at approximately $170,266,178.42. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 3,959,314 shares of company stock worth $105,885,782 and have sold 282,072 shares worth $17,749,275. 0.09% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On The Liberty SiriusXM Group

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake 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 worth $364,209,000 after purchasing an additional 1,386,685 shares during the last quarter. Aristeia Capital LLC lifted its stake 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 worth $84,345,000 after purchasing an additional 157,677 shares during the last quarter. Point72 Asset Management L.P. lifted its stake 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 worth $75,303,000 after purchasing an additional 190,608 shares during the last quarter. Cadian Capital Management LP lifted its stake 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 worth $42,374,000 after purchasing an additional 384,000 shares during the last quarter. Finally, UBS Group AG lifted its stake 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 worth $40,305,000 after purchasing an additional 1,241,057 shares during the last quarter. 28.72% of the stock is currently owned by institutional investors.

About The Liberty SiriusXM Group

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.