The Liberty SiriusXM Group (NASDAQ:LSXMK) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) in a report issued on Thursday. The brokerage issued a sell rating on the technology company’s stock.

Separately, Rosenblatt Securities dropped their price target on shares of The Liberty SiriusXM Group from $29.00 to $28.00 and set a buy rating for the company in a research report on Wednesday, August 14th.

The Liberty SiriusXM Group Trading Down 1.2 %

Shares of NASDAQ:LSXMK opened at $22.29 on Thursday. The Liberty SiriusXM Group has a 12-month low of $20.05 and a 12-month high of $31.67. The stock’s 50-day moving average price is $22.49 and its 200-day moving average price is $23.94. The stock has a market capitalization of $7.28 billion and a P/E ratio of 9.17.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.60 EPS for the quarter. The company had revenue of $2.18 billion during the quarter.

Hedge Funds Weigh In On The Liberty SiriusXM Group

Several hedge funds have recently made changes to their positions in the business. Mather Group LLC. lifted its holdings in The Liberty SiriusXM Group by 100.5% in the second quarter. Mather Group LLC. now owns 1,674 shares of the technology company’s stock worth $37,000 after buying an additional 839 shares during the period. Motco boosted its position in shares of The Liberty SiriusXM Group by 172,300.0% during the first quarter. Motco now owns 1,724 shares of the technology company’s stock valued at $51,000 after purchasing an additional 1,723 shares in the last quarter. Quest Partners LLC bought a new stake in shares of The Liberty SiriusXM Group during the second quarter valued at approximately $42,000. Principal Securities Inc. purchased a new stake in The Liberty SiriusXM Group in the fourth quarter worth $66,000. Finally, UniSuper Management Pty Ltd raised its holdings in The Liberty SiriusXM Group by 91.7% in the first quarter. UniSuper Management Pty Ltd now owns 2,300 shares of the technology company’s stock worth $68,000 after purchasing an additional 1,100 shares in the last quarter. 56.58% of the stock is owned by hedge funds and other 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.