Liberty Sirius XM Group Series C (NASDAQ:LSXMK) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Liberty Sirius XM Group Series C (NASDAQ:LSXMK) from a sell rating to a strong-buy rating in a research note released on Tuesday morning, Zacks.com reports. Zacks Investment Research currently has $47.00 price objective on the technology company’s stock.

According to Zacks, “The Liberty SiriusXM Group provides satellite radio services consists of commercial-free music, sports, news, talk, entertainment, traffic and weather. The Liberty SiriusXM Group is based in United States. “

NASDAQ LSXMK opened at $40.05 on Tuesday. Liberty Sirius XM Group Series C has a 12 month low of $34.84 and a 12 month high of $47.75. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 1.86 and a beta of 1.18. The company’s fifty day moving average price is $40.07 and its two-hundred day moving average price is $39.41.



Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in shares of Liberty Sirius XM Group Series C by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 1,950,482 shares of the technology company’s stock worth $72,080,000 after acquiring an additional 102,171 shares during the period. State of Alaska Department of Revenue grew its position in Liberty Sirius XM Group Series C by 1.6% during the first quarter. State of Alaska Department of Revenue now owns 17,824 shares of the technology company’s stock worth $681,000 after buying an additional 273 shares during the period. Raymond James Trust N.A. grew its position in Liberty Sirius XM Group Series C by 25.7% during the first quarter. Raymond James Trust N.A. now owns 11,669 shares of the technology company’s stock worth $446,000 after buying an additional 2,385 shares during the period. Alpha Windward LLC acquired a new position in Liberty Sirius XM Group Series C during the first quarter worth about $443,000. Finally, Massey Quick Simon & CO. LLC acquired a new position in Liberty Sirius XM Group Series C during the first quarter worth about $25,000. Hedge funds and other institutional investors own 77.92% of the company’s stock.

About Liberty Sirius XM Group Series C

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.

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