The Liberty SiriusXM Group (NASDAQ:LSXMK) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) have received a consensus recommendation of “Moderate Buy” from the three research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $36.00.

Separately, Seaport Res Ptn upgraded The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th.

The Liberty SiriusXM Group Stock Performance

Shares of LSXMK stock opened at $22.58 on Tuesday. The Liberty SiriusXM Group has a 52-week low of $20.05 and a 52-week high of $31.67. The company has a market capitalization of $7.38 billion and a PE ratio of 9.29. The business’s fifty day moving average is $22.32 and its 200 day moving average is $26.31.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last issued its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.05). The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion.

Insider Buying and Selling at The Liberty SiriusXM Group

In other The Liberty SiriusXM Group news, Chairman John C. Malone sold 89,951 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $70.53, for a total transaction of $6,344,244.03. Following the sale, the chairman now owns 2,540,430 shares in the company, valued at $179,176,527.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman John C. Malone sold 89,951 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $70.53, for a total transaction of $6,344,244.03. Following the transaction, the chairman now directly owns 2,540,430 shares of the company’s stock, valued at $179,176,527.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Berkshire Hathaway Inc acquired 219,303 shares of The Liberty SiriusXM Group stock in a transaction dated Friday, April 26th. The shares were bought at an average cost of $24.46 per share, for a total transaction of $5,364,151.38. Following the completion of the purchase, the insider now directly owns 35,182,219 shares of the company’s stock, valued at approximately $860,557,076.74. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 654,328 shares of company stock worth $16,413,391 and have sold 282,072 shares worth $17,749,275. Company insiders own 12.47% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Readystate Asset Management LP bought a new stake in shares of The Liberty SiriusXM Group in the fourth quarter worth about $1,848,000. Doma Perpetual Capital Management LLC bought a new stake in shares of The Liberty SiriusXM Group in the fourth quarter worth about $12,701,000. Capstone Investment Advisors LLC bought a new stake in shares of The Liberty SiriusXM Group in the fourth quarter worth about $207,000. Hi Line Capital Management LLC grew its stake in shares of The Liberty SiriusXM Group by 61.0% in the first quarter. Hi Line Capital Management LLC now owns 662,276 shares of the technology company’s stock worth $19,676,000 after purchasing an additional 250,949 shares during the last quarter. Finally, Wittenberg Investment Management Inc. grew its stake in shares of The Liberty SiriusXM Group by 39.0% in the fourth quarter. Wittenberg Investment Management Inc. now owns 178,502 shares of the technology company’s stock worth $5,137,000 after purchasing an additional 50,046 shares during the last quarter. 56.58% of the stock is owned by institutional investors.

About The Liberty SiriusXM Group

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.