The Liberty SiriusXM Group (NASDAQ:LSXMK) Now Covered by Analysts at StockNews.com

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

Separately, Rosenblatt Securities decreased 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 Trading Down 1.2 %

NASDAQ:LSXMK traded down $0.26 on Friday, hitting $22.29. 4,573,400 shares of the company’s stock traded hands, compared to its average volume of 2,167,052. The company has a market cap of $7.28 billion and a PE ratio of 9.17. The Liberty SiriusXM Group has a 1 year low of $20.05 and a 1 year high of $31.67. The firm has a 50-day moving average price of $22.39 and a 200-day moving average price of $23.43.

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 (EPS) for the quarter. The firm had revenue of $2.18 billion for the quarter.

Institutional Investors Weigh In On The Liberty SiriusXM Group

A number of large investors have recently bought and sold shares of LSXMK. Mather Group LLC. grew its holdings in The Liberty SiriusXM Group by 100.5% during the 2nd quarter. Mather Group LLC. now owns 1,674 shares of the technology company’s stock worth $37,000 after acquiring an additional 839 shares during the last quarter. Quest Partners LLC acquired a new position in The Liberty SiriusXM Group during the 2nd quarter worth $42,000. Motco boosted its position in The Liberty SiriusXM Group by 172,300.0% in the 1st quarter. Motco now owns 1,724 shares of the technology company’s stock valued at $51,000 after buying an additional 1,723 shares during the last quarter. UniSuper Management Pty Ltd increased its stake in shares of The Liberty SiriusXM Group by 91.7% in the 1st quarter. UniSuper Management Pty Ltd now owns 2,300 shares of the technology company’s stock valued at $68,000 after buying an additional 1,100 shares during the period. Finally, Central Pacific Bank Trust Division bought a new stake in shares of The Liberty SiriusXM Group during the first quarter worth $131,000. 56.58% of the stock is currently 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.