The Liberty SiriusXM Group (NASDAQ:LSXMK) Reaches New 1-Year Low at $26.97

The Liberty SiriusXM Group (NASDAQ:LSXMK – Get Rating) shares reached a new 52-week low during trading on Monday . The stock traded as low as $26.97 and last traded at $27.01, with a volume of 113946 shares changing hands. The stock had previously closed at $27.46.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on LSXMK shares. Pivotal Research cut their price objective on The Liberty SiriusXM Group from $57.00 to $44.00 in a research report on Thursday, March 2nd. StockNews.com raised The Liberty SiriusXM Group from a “hold” rating to a “buy” rating in a research note on Tuesday.

The Liberty SiriusXM Group Trading Down 1.2 %

The business’s 50 day simple moving average is $35.99 and its 200 day simple moving average is $39.20. The firm has a market capitalization of $8.71 billion, a PE ratio of 7.31, a PEG ratio of 0.16 and a beta of 1.13.

The Liberty SiriusXM Group (NASDAQ:LSXMK – Get Rating) last announced its quarterly earnings results on Wednesday, March 1st. The technology company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.19. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.31 billion. Analysts forecast that The Liberty SiriusXM Group will post 3.43 earnings per share for the current year.

Insider Transactions at The Liberty SiriusXM Group

In related news, major shareholder Gamco Investors, Inc. Et Al bought 7,200 shares of the business’s stock in a transaction dated Wednesday, December 28th. The shares were purchased at an average price of $32.58 per share, with a total value of $234,576.00. Following the transaction, the insider now owns 20,000 shares in the company, valued at approximately $651,600. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, major shareholder Gamco Investors, Inc. Et Al purchased 7,200 shares of the company’s stock in a transaction that occurred on Wednesday, December 28th. The stock was purchased at an average cost of $32.58 per share, with a total value of $234,576.00. Following the purchase, the insider now owns 20,000 shares in the company, valued at $651,600. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John C. Malone sold 119,680 shares of the company’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $74.59, for a total transaction of $8,926,931.20. Following the transaction, the chairman now owns 3,550,381 shares in the company, valued at $264,822,918.79. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 8,700 shares of company stock worth $283,360 and sold 406,370 shares worth $30,359,615. Company insiders own 12.47% of the company’s stock.

Institutional Investors Weigh In On The Liberty SiriusXM Group

A number of institutional investors and hedge funds have recently modified their holdings of LSXMK. Norges Bank bought a new stake in The Liberty SiriusXM Group during the 4th quarter valued at about $98,203,000. Baupost Group LLC MA boosted its holdings in shares of The Liberty SiriusXM Group by 18.7% in the second quarter. Baupost Group LLC MA now owns 13,245,642 shares of the technology company’s stock valued at $477,505,000 after purchasing an additional 2,084,053 shares during the period. Deutsche Bank AG grew its stake in The Liberty SiriusXM Group by 252.6% in the second quarter. Deutsche Bank AG now owns 2,535,260 shares of the technology company’s stock worth $91,395,000 after purchasing an additional 1,816,246 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in The Liberty SiriusXM Group by 11.1% during the 4th quarter. JPMorgan Chase & Co. now owns 8,571,652 shares of the technology company’s stock worth $335,410,000 after purchasing an additional 857,848 shares during the period. Finally, Segantii Capital Management Ltd increased its holdings in The Liberty SiriusXM Group by 84.4% during the 4th quarter. Segantii Capital Management Ltd now owns 1,826,000 shares of the technology company’s stock worth $71,451,000 after purchasing an additional 835,600 shares during the period. 55.23% of the stock is owned by institutional investors.

The Liberty SiriusXM Group Company Profile

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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.