The Liberty SiriusXM Group (NASDAQ:LSXMA) Price Target Cut to $58.00

The Liberty SiriusXM Group (NASDAQ:LSXMAGet Rating) had its target price decreased by Barclays from $64.00 to $58.00 in a research note published on Friday morning, The Fly reports. Barclays currently has a maintains rating on the technology company’s stock.

A number of other research analysts have also weighed in on LSXMA. Citigroup raised their price objective on The Liberty SiriusXM Group from $53.00 to $59.00 in a research report on Wednesday, July 20th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of The Liberty SiriusXM Group from $79.00 to $76.00 in a report on Tuesday, May 10th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $62.60.

The Liberty SiriusXM Group Trading Up 1.0 %

Shares of The Liberty SiriusXM Group stock opened at $40.26 on Friday. The firm has a market cap of $13.38 billion, a price-to-earnings ratio of 15.25 and a beta of 1.14. The business has a 50-day moving average price of $38.10 and a 200-day moving average price of $42.96. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.92. The Liberty SiriusXM Group has a twelve month low of $34.40 and a twelve month high of $56.26.

The Liberty SiriusXM Group (NASDAQ:LSXMAGet Rating) last issued its quarterly earnings data on Friday, May 6th. The technology company reported $0.82 earnings per share for the quarter. The firm had revenue of $2.19 billion during the quarter. The Liberty SiriusXM Group had a return on equity of 4.80% and a net margin of 10.18%.

Insider Buying and Selling

In other news, major shareholder Gamco Investors, Inc. Et Al purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 27th. The stock was purchased at an average cost of $25.00 per share, with a total value of $50,000.00. Following the purchase, the insider now owns 12,000 shares in the company, valued at $300,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders bought 3,500 shares of company stock valued at $89,180.

Hedge Funds Weigh In On The Liberty SiriusXM Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Allegheny Financial Group LTD purchased a new position in shares of The Liberty SiriusXM Group during the fourth quarter worth approximately $25,000. Callan Capital LLC purchased a new position in shares of The Liberty SiriusXM Group during the first quarter worth approximately $31,000. CWM LLC purchased a new position in shares of The Liberty SiriusXM Group during the fourth quarter worth approximately $35,000. Ellevest Inc. increased its position in shares of The Liberty SiriusXM Group by 782.0% during the second quarter. Ellevest Inc. now owns 1,226 shares of the technology company’s stock worth $44,000 after acquiring an additional 1,087 shares during the period. Finally, MBM Wealth Consultants LLC purchased a new position in shares of The Liberty SiriusXM Group during the first quarter worth approximately $46,000. 28.89% of the stock is currently owned by institutional investors.

The Liberty SiriusXM Group Company Profile

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The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States and Canada. 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 applications for mobile and home devices, and other consumer electronic equipment.

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