The Liberty SiriusXM Group (NASDAQ:LSXMA) Sets New 52-Week Low at $22.39

The Liberty SiriusXM Group (NASDAQ:LSXMA)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $22.39 and last traded at $22.45, with a volume of 1230776 shares. The stock had previously closed at $23.12.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. TheStreet cut The Liberty SiriusXM Group from a “c” rating to a “d+” rating in a report on Thursday, July 20th. Citigroup decreased their price objective on shares of The Liberty SiriusXM Group from $33.79 to $32.00 in a research report on Thursday, August 17th. Benchmark reduced their target price on shares of The Liberty SiriusXM Group from $60.00 to $38.00 and set a “buy” rating for the company in a report on Monday, August 7th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of The Liberty SiriusXM Group from $57.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, August 7th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, The Liberty SiriusXM Group currently has a consensus rating of “Buy” and a consensus target price of $47.33.

The Liberty SiriusXM Group Trading Up 2.1 %

The stock’s 50-day moving average is $27.26 and its 200-day moving average is $28.37.

Insider Buying and Selling

In other The Liberty SiriusXM Group news, Chairman John C. Malone sold 120,900 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $70.89, for a total transaction of $8,570,601.00. Following the sale, the chairman now directly owns 3,010,381 shares of the company’s stock, valued at approximately $213,405,909.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Chairman John C. Malone sold 120,900 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $70.89, for a total value of $8,570,601.00. Following the sale, the chairman now directly owns 3,010,381 shares of the company’s stock, valued at approximately $213,405,909.09. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Gregory B. Maffei sold 5,182 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $32.82, for a total transaction of $170,073.24. Following the completion of the sale, the chief executive officer now directly owns 4,203,799 shares in the company, valued at $137,968,683.18. The disclosure for this sale can be found here. Insiders sold a total of 287,867 shares of company stock worth $20,102,637 in the last three months. 12.47% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LSXMA. DCM Advisors LLC purchased a new stake in shares of The Liberty SiriusXM Group in the second quarter valued at about $209,000. Nuveen Asset Management LLC boosted its position in The Liberty SiriusXM Group by 6.0% during the second quarter. Nuveen Asset Management LLC now owns 225,420 shares of the technology company’s stock worth $7,396,000 after purchasing an additional 12,664 shares during the period. Alliancebernstein L.P. boosted its position in The Liberty SiriusXM Group by 276.9% during the second quarter. Alliancebernstein L.P. now owns 98,841 shares of the technology company’s stock worth $3,243,000 after purchasing an additional 72,613 shares during the period. Atlas Capital Advisors LLC bought a new position in The Liberty SiriusXM Group during the second quarter worth about $51,000. Finally, Natixis Advisors L.P. boosted its position in shares of The Liberty SiriusXM Group by 7.9% in the second quarter. Natixis Advisors L.P. now owns 21,813 shares of the technology company’s stock valued at $716,000 after acquiring an additional 1,602 shares during the period. Institutional investors and hedge funds own 0.40% 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 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.