The Liberty SiriusXM Group’s (LSXMA) “In-Line” Rating Reiterated at Evercore ISI

Evercore ISI reiterated their in-line rating on shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) in a research note released on Monday, MarketBeat reports. Evercore ISI currently has a $27.00 price objective on the technology company’s stock, down from their previous price objective of $36.00.

LSXMA has been the topic of a number of other reports. Seaport Res Ptn raised The Liberty SiriusXM Group from a neutral rating to a buy rating in a research note on Monday, April 29th. Deutsche Bank Aktiengesellschaft cut their price objective on The Liberty SiriusXM Group from $34.00 to $31.50 and set a buy rating on the stock in a research note on Monday, June 17th. Finally, Citigroup downgraded The Liberty SiriusXM Group from a buy rating to a neutral rating and cut their price objective for the company from $35.00 to $28.00 in a research note on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, The Liberty SiriusXM Group presently has a consensus rating of Moderate Buy and a consensus price target of $31.13.

The Liberty SiriusXM Group Trading Up 1.2 %

Shares of The Liberty SiriusXM Group stock opened at $21.18 on Monday. The stock has a 50-day moving average price of $23.21 and a 200 day moving average price of $27.16. The company has a market cap of $6.92 billion and a P/E ratio of 8.72. The Liberty SiriusXM Group has a 1 year low of $20.13 and a 1 year high of $31.69.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last announced its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.05). The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.14 billion. On average, equities analysts forecast that The Liberty SiriusXM Group will post 2.49 earnings per share for the current fiscal year.

Insider Buying and Selling at The Liberty SiriusXM Group

In other The Liberty SiriusXM Group news, Chairman John C. Malone sold 89,951 shares of The Liberty SiriusXM Group stock in a transaction 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 completion of the transaction, the chairman now owns 2,540,430 shares in the company, valued at approximately $179,176,527.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, major shareholder Berkshire Hathaway Inc bought 1,250,000 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was bought at an average price of $27.76 per share, for a total transaction of $34,700,000.00. Following the completion of the transaction, the insider now directly owns 66,736,288 shares in the company, valued at approximately $1,852,599,354.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman John C. Malone sold 89,951 shares of the business’s stock in a transaction 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 sale, the chairman now owns 2,540,430 shares of the company’s stock, valued at approximately $179,176,527.90. The disclosure for this sale can be found here. In the last quarter, insiders acquired 3,769,555 shares of company stock worth $100,335,332 and sold 282,072 shares worth $17,749,275. Corporate insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On The Liberty SiriusXM Group

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in The Liberty SiriusXM Group by 46.6% in the third quarter. Vanguard Group Inc. now owns 10,744,552 shares of the technology company’s stock valued at $273,449,000 after acquiring an additional 3,416,321 shares during the period. UBS Group AG grew its stake in The Liberty SiriusXM Group by 769.2% in the fourth quarter. UBS Group AG now owns 1,402,409 shares of the technology company’s stock valued at $40,305,000 after acquiring an additional 1,241,057 shares during the period. Cadian Capital Management LP acquired a new position in The Liberty SiriusXM Group in the third quarter valued at about $27,750,000. Boussard & Gavaudan Investment Management LLP acquired a new position in The Liberty SiriusXM Group in the fourth quarter valued at about $22,217,000. Finally, Norges Bank acquired a new position in The Liberty SiriusXM Group in the fourth quarter valued at about $16,397,000. 28.72% of the stock is owned by institutional investors and hedge funds.

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.