The Liberty SiriusXM Group (NASDAQ:LSXMK) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

The Liberty SiriusXM Group has received a "Moderate Buy" rating from three research firms. One analyst has a hold recommendation and two have a buy recommendation. The stock has a 12-month price objective of $36.00. The company's 50-day moving average is $21.97 and its 200-day moving average is $25.61. The Liberty SiriusXM Group recently reported lower than expected earnings for the quarter. Insiders have sold a significant amount of company stock. Institutional investors own a majority of the stock.

The Liberty SiriusXM Group (NASDAQ:LSXMK - Get Free Report) has been assigned an average rating of "Moderate Buy" from the three research firms that are covering the firm, Marketbeat Ratings 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 12-month price objective among brokers that have issued ratings on the stock in the last year is $36.00.

Several analysts have recently commented on the stock. Seaport Res Ptn raised shares of The Liberty SiriusXM Group from a "neutral" rating to a "buy" rating in a report on Monday, April 29th. StockNews.com cut shares of The Liberty SiriusXM Group from a "hold" rating to a "sell" rating in a research report on Friday.

Check Out Our Latest Report on LSXMK

The Liberty SiriusXM Group Stock Up 0.8 %

Shares of The Liberty SiriusXM Group stock opened at $21.35 on Friday. The Liberty SiriusXM Group has a twelve month low of $20.05 and a twelve month high of $31.67. The company has a market cap of $6.97 billion and a price-to-earnings ratio of 8.79. The company's 50 day moving average is $21.97 and its 200 day moving average is $25.61.

The Liberty SiriusXM Group (NASDAQ:LSXMK - Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.52 EPS for the quarter, missing analysts' consensus estimates of $0.57 by ($0.05). The company had revenue of $2.16 billion for the quarter, compared to analysts' expectations of $2.14 billion.

Insiders Place Their Bets

In related news, Chairman John C. Malone sold 139,065 shares of The Liberty SiriusXM Group stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $68.98, for a total transaction of $9,592,703.70. Following the transaction, the chairman now directly owns 2,401,365 shares of the company's stock, valued at $165,646,157.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, major shareholder Berkshire Hathaway Inc sold 52,911 shares of the business's stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $34.06, for a total value of $1,802,148.66. Following the completion of the sale, the insider now owns 4,999,007 shares of the company's stock, valued at approximately $170,266,178.42. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman John C. Malone sold 139,065 shares of the business's stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $68.98, for a total value of $9,592,703.70. Following the completion of the sale, the chairman now directly owns 2,401,365 shares of the company's stock, valued at approximately $165,646,157.70. The disclosure for this sale can be found here. Insiders have sold 192,121 shares of company stock valued at $11,405,031 over the last three months. Company insiders own 12.47% of the company's stock.

Institutional Trading of The Liberty SiriusXM Group

Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank acquired a new position in The Liberty SiriusXM Group in the fourth quarter valued at about $60,012,000. Vanguard Group Inc. grew its stake in The Liberty SiriusXM Group by 11.2% in the first quarter. Vanguard Group Inc. now owns 15,405,871 shares of the technology company's stock valued at $457,708,000 after purchasing an additional 1,554,904 shares in the last quarter. Boussard & Gavaudan Investment Management LLP bought a new position in The Liberty SiriusXM Group in the fourth quarter valued at approximately $34,834,000. Cadian Capital Management LP grew its stake in The Liberty SiriusXM Group by 39.4% in the fourth quarter. Cadian Capital Management LP now owns 1,751,008 shares of the technology company's stock valued at $50,394,000 after purchasing an additional 495,000 shares in the last quarter. Finally, Doma Perpetual Capital Management LLC bought a new position in The Liberty SiriusXM Group in the fourth quarter valued at approximately $12,701,000. 56.58% of the stock is currently owned by institutional investors.

The Liberty SiriusXM Group Company Profile

(Get Free Report

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.

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