The Liberty SiriusXM Group (NASDAQ:LSXMK) Receives $36.00 Average Price Target from Brokerages

The Liberty SiriusXM Group (NASDAQ:LSXMK) has been assigned a consensus rating of “Moderate Buy” from the three analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $36.00.

A number of equities analysts have recently issued reports on the company. StockNews.com upgraded The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Seaport Res Ptn upgraded The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th.

Insiders Place Their Bets

In related news, Chairman John C. Malone sold 89,951 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $70.53, for a total transaction of $6,344,244.03. Following the completion of the sale, the chairman now directly owns 2,540,430 shares in the company, valued at approximately $179,176,527.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Chairman John C. Malone sold 89,951 shares of The Liberty SiriusXM Group stock in a transaction on Friday, May 10th. The shares were sold at an average price of $70.53, for a total value of $6,344,244.03. Following the transaction, the chairman now directly owns 2,540,430 shares of the company’s stock, valued at $179,176,527.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman John C. Malone sold 139,065 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $68.98, for a total transaction of $9,592,703.70. Following the sale, the chairman now directly owns 2,401,365 shares of the company’s stock, valued at approximately $165,646,157.70. The disclosure for this sale can be found here. Over the last three months, insiders acquired 3,959,314 shares of company stock valued at $105,885,782 and sold 282,072 shares valued at $17,749,275. 12.47% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its holdings in The Liberty SiriusXM Group by 0.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 46,320 shares of the technology company’s stock worth $1,376,000 after purchasing an additional 421 shares in the last quarter. Atlas Capital Advisors LLC increased its position in shares of The Liberty SiriusXM Group by 5.2% during the first quarter. Atlas Capital Advisors LLC now owns 8,746 shares of the technology company’s stock valued at $260,000 after buying an additional 435 shares during the period. Treasurer of the State of North Carolina raised its stake in The Liberty SiriusXM Group by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 68,104 shares of the technology company’s stock worth $1,960,000 after buying an additional 660 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in The Liberty SiriusXM Group by 6.6% in the first quarter. Rehmann Capital Advisory Group now owns 15,887 shares of the technology company’s stock worth $472,000 after buying an additional 981 shares during the period. Finally, VisionPoint Advisory Group LLC boosted its position in The Liberty SiriusXM Group by 1.5% during the 4th quarter. VisionPoint Advisory Group LLC now owns 69,322 shares of the technology company’s stock valued at $1,995,000 after acquiring an additional 1,054 shares in the last quarter. Hedge funds and other institutional investors own 56.58% of the company’s stock.

The Liberty SiriusXM Group Price Performance

LSXMK opened at $22.10 on Friday. The Liberty SiriusXM Group has a one year low of $20.05 and a one year high of $31.67. The firm has a market capitalization of $7.22 billion and a P/E ratio of 9.09. The company has a fifty day moving average price of $23.28 and a 200-day moving average price of $27.17.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last announced its earnings results on Wednesday, May 8th. The technology company reported $0.52 earnings per share 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 analyst estimates of $2.14 billion.

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.