The Liberty SiriusXM Group (NASDAQ:LSXMA) Sets New 52-Week Low at $27.02

The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Rating) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $27.02 and last traded at $27.05, with a volume of 460088 shares. The stock had previously closed at $27.54.

Analyst Upgrades and Downgrades

LSXMA has been the subject of several research reports. Benchmark dropped their target price on The Liberty SiriusXM Group from $72.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, March 7th. Citigroup dropped their price objective on shares of The Liberty SiriusXM Group from $62.00 to $46.00 and set a “buy” rating for the company in a report on Monday, March 6th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $39.00 target price on shares of The Liberty SiriusXM Group in a report on Thursday, March 9th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $61.57.

The Liberty SiriusXM Group Price Performance

The stock’s 50 day moving average is $36.11 and its two-hundred day moving average is $39.37. The stock has a market capitalization of $8.73 billion, a PE ratio of 7.32 and a beta of 1.12. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.71 and a quick ratio of 0.71.

The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Rating) last announced its quarterly earnings data on Wednesday, March 1st. The technology company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.22. The Liberty SiriusXM Group had a net margin of 14.35% and a return on equity of 6.99%. The company had revenue of $2.28 billion for the quarter.

Insider Buying and Selling at The Liberty SiriusXM Group

In other news, Chairman John C. Malone sold 285,320 shares of the firm’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $74.95, for a total transaction of $21,384,734.00. Following the sale, the chairman now owns 3,670,061 shares of the company’s stock, valued at approximately $275,071,071.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Gamco Investors, Inc. Et Al acquired 7,200 shares of the firm’s stock in a transaction on Wednesday, December 28th. The stock was bought at an average price of $32.58 per share, for a total transaction of $234,576.00. Following the completion of the purchase, the insider now directly owns 20,000 shares of the company’s stock, valued at approximately $651,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman John C. Malone sold 285,320 shares of The Liberty SiriusXM Group stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $74.95, for a total value of $21,384,734.00. Following the sale, the chairman now owns 3,670,061 shares in the company, valued at approximately $275,071,071.95. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 8,700 shares of company stock worth $283,360 and have sold 406,370 shares worth $30,359,615. 4.02% of the stock is owned by insiders.

Institutional Trading of The Liberty SiriusXM Group

A number of large investors have recently made changes to their positions in the company. Baupost Group LLC MA grew its position in The Liberty SiriusXM Group by 4.8% during the 3rd quarter. Baupost Group LLC MA now owns 7,677,656 shares of the technology company’s stock worth $292,288,000 after purchasing an additional 352,802 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of The Liberty SiriusXM Group by 1.1% during the first quarter. Vanguard Group Inc. now owns 7,160,157 shares of the technology company’s stock worth $327,290,000 after buying an additional 75,828 shares during the period. BlackRock Inc. boosted its stake in shares of The Liberty SiriusXM Group by 3.6% during the first quarter. BlackRock Inc. now owns 6,170,942 shares of the technology company’s stock worth $282,074,000 after buying an additional 213,037 shares during the period. Aristeia Capital LLC grew its holdings in shares of The Liberty SiriusXM Group by 4.8% during the fourth quarter. Aristeia Capital LLC now owns 2,606,744 shares of the technology company’s stock worth $102,471,000 after buying an additional 120,272 shares during the last quarter. Finally, Sculptor Capital LP increased its position in The Liberty SiriusXM Group by 5.5% in the 4th quarter. Sculptor Capital LP now owns 2,373,182 shares of the technology company’s stock valued at $93,290,000 after acquiring an additional 124,072 shares during the period. 29.67% of the stock is owned by institutional investors and hedge funds.

About The Liberty SiriusXM Group

(Get Rating)

Liberty Media Corp. engages in the operation of media, communications, and entertainment businesses. It operates through the following segments: Sirius XM Holdings, Formula 1. The Sirius XM Holdings segment refers to the complementary audio entertainment businesses, Sirius XM and Pandora. Sirius XM features music, sports, entertainment, comedy, talk, news, traffic, weather channels, and infotainment services.