The Liberty SiriusXM Group (NASDAQ:LSXMK) Rating Lowered to Sell at StockNews.com

The Liberty SiriusXM Group (NASDAQ:LSXMK) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Separately, Rosenblatt Securities cut their price target on shares of The Liberty SiriusXM Group from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th.

The Liberty SiriusXM Group Price Performance

Shares of NASDAQ:LSXMK opened at $22.29 on Tuesday. The company’s 50 day simple moving average is $22.57 and its 200 day simple moving average is $24.29. The stock has a market capitalization of $7.28 billion and a price-to-earnings ratio of 9.17. The Liberty SiriusXM Group has a 1 year low of $20.05 and a 1 year high of $31.67.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last posted its earnings results on Thursday, August 8th. The technology company reported $0.60 earnings per share for the quarter. The company had revenue of $2.18 billion for the quarter.

Hedge Funds Weigh In On The Liberty SiriusXM Group

Several institutional investors have recently made changes to their positions in LSXMK. Doma Perpetual Capital Management LLC increased its position in shares of The Liberty SiriusXM Group by 69.9% during the second quarter. Doma Perpetual Capital Management LLC now owns 1,028,040 shares of the technology company’s stock worth $22,781,000 after acquiring an additional 422,933 shares in the last quarter. Chase Investment Counsel Corp bought a new stake in shares of The Liberty SiriusXM Group during the second quarter worth about $930,000. Algert Global LLC bought a new stake in shares of The Liberty SiriusXM Group during the second quarter worth about $293,000. Scientech Research LLC increased its position in shares of The Liberty SiriusXM Group by 89.9% during the second quarter. Scientech Research LLC now owns 28,500 shares of the technology company’s stock worth $632,000 after acquiring an additional 13,496 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of The Liberty SiriusXM Group by 66.4% during the second quarter. Millennium Management LLC now owns 3,512,121 shares of the technology company’s stock worth $77,829,000 after acquiring an additional 1,401,170 shares in the last quarter. Institutional investors and hedge funds own 56.58% of the company’s stock.

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.