The Liberty SiriusXM Group (NASDAQ:LSXMK) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) in a report issued on Friday. The firm set a “sell” rating on the technology company’s stock.

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

The Liberty SiriusXM Group Price Performance

Shares of NASDAQ LSXMK opened at $22.29 on Friday. The stock’s fifty day moving average price is $22.42 and its two-hundred day moving average price is $23.73. The Liberty SiriusXM Group has a one year low of $20.05 and a one year high of $31.67. The firm has a market cap of $7.28 billion and a price-to-earnings ratio of 9.17.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC increased its holdings in The Liberty SiriusXM Group by 1.9% in the fourth quarter. Hsbc Holdings PLC now owns 182,832 shares of the technology company’s stock worth $5,270,000 after purchasing an additional 3,383 shares in the last quarter. Treasurer of the State of North Carolina grew its position in The Liberty SiriusXM Group by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 68,104 shares of the technology company’s stock worth $1,960,000 after purchasing an additional 660 shares in the last quarter. TFO Wealth Partners LLC increased its position in shares of The Liberty SiriusXM Group by 43,283.3% during the fourth quarter. TFO Wealth Partners LLC now owns 2,603 shares of the technology company’s stock valued at $75,000 after acquiring an additional 2,597 shares during the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of The Liberty SiriusXM Group during the 4th quarter valued at $207,000. Finally, Bank of Nova Scotia bought a new stake in The Liberty SiriusXM Group in the fourth quarter worth about $1,721,000. 56.58% of the stock is owned by institutional investors and hedge funds.

The Liberty SiriusXM Group Company Profile

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.