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:LSXMKFree Report) in a research report report published on Sunday morning. The brokerage issued a sell rating on the technology company’s stock.

Separately, Rosenblatt Securities dropped their target price on shares of 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.

Check Out Our Latest Research Report on The Liberty SiriusXM Group

The Liberty SiriusXM Group Price Performance

LSXMK opened at $22.29 on Friday. The company’s 50 day simple moving average is $22.37 and its two-hundred day simple moving average is $23.30. The Liberty SiriusXM Group has a 1-year low of $20.05 and a 1-year high of $31.67. The firm has a market capitalization of $7.28 billion and a price-to-earnings ratio of 9.17.

The Liberty SiriusXM Group (NASDAQ:LSXMKGet Free Report) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.60 earnings per share (EPS) for the quarter. The firm had revenue of $2.18 billion for the quarter.

Institutional Investors Weigh In On The Liberty SiriusXM Group

Several institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of The Liberty SiriusXM Group by 0.9% during 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 during the last quarter. Atlas Capital Advisors LLC lifted its position in The Liberty SiriusXM Group by 5.2% in the first quarter. Atlas Capital Advisors LLC now owns 8,746 shares of the technology company’s stock valued at $260,000 after acquiring an additional 435 shares during the last quarter. Mather Group LLC. lifted its position in The Liberty SiriusXM Group by 100.5% in the second quarter. Mather Group LLC. now owns 1,674 shares of the technology company’s stock valued at $37,000 after acquiring an additional 839 shares during the last quarter. Rehmann Capital Advisory Group lifted its position 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 valued at $472,000 after acquiring an additional 981 shares during the last quarter. Finally, UniSuper Management Pty Ltd lifted its position in The Liberty SiriusXM Group by 91.7% in the first quarter. UniSuper Management Pty Ltd now owns 2,300 shares of the technology company’s stock valued at $68,000 after acquiring an additional 1,100 shares during the last quarter. 56.58% of the stock is owned by hedge funds and other institutional investors.

About The Liberty SiriusXM Group

(Get Free Report)

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.

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