The Liberty SiriusXM Group (NASDAQ:LSXMK) Earns Sell Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) in a report issued on Thursday. The brokerage issued a sell rating on the technology company’s stock.

Separately, Rosenblatt Securities reduced their target price on The Liberty SiriusXM Group from $29.00 to $28.00 and set a buy rating for the company in a report on Wednesday, August 14th.

The Liberty SiriusXM Group Stock Performance

NASDAQ:LSXMK opened at $22.29 on Thursday. The stock has a market capitalization of $7.28 billion and a PE ratio of 9.17. The Liberty SiriusXM Group has a fifty-two week low of $20.05 and a fifty-two week high of $31.67. The company has a fifty day moving average of $22.49 and a two-hundred day moving average of $23.91.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last released its quarterly 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.

Institutional Trading of The Liberty SiriusXM Group

Several large investors have recently bought and sold shares of the business. Doma Perpetual Capital Management LLC acquired a new stake in shares of The Liberty SiriusXM Group in the 4th quarter worth $12,701,000. Capstone Investment Advisors LLC acquired a new position in The Liberty SiriusXM Group in the 4th quarter valued at about $207,000. Hi Line Capital Management LLC grew its stake in shares of The Liberty SiriusXM Group by 61.0% in the 1st quarter. Hi Line Capital Management LLC now owns 662,276 shares of the technology company’s stock valued at $19,676,000 after buying an additional 250,949 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of The Liberty SiriusXM Group by 37.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 95,616 shares of the technology company’s stock worth $2,841,000 after buying an additional 25,958 shares during the last quarter. Finally, Swedbank AB purchased a new stake in shares of The Liberty SiriusXM Group during the 1st quarter valued at approximately $1,523,000. Hedge funds and other institutional investors own 56.58% of the company’s stock.

The Liberty SiriusXM Group Company Profile

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.