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

StockNews.com started coverage on shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) in a research note issued to investors on Friday morning. The brokerage issued a sell rating on the technology company’s stock.

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

The Liberty SiriusXM Group Stock Performance

NASDAQ LSXMK opened at $22.29 on Friday. The company’s 50-day simple moving average is $22.42 and its two-hundred day simple moving average is $23.78. The Liberty SiriusXM Group has a one year low of $20.05 and a one year high of $31.67. The company has a market capitalization of $7.28 billion and a price-to-earnings ratio of 9.17.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last issued 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 during the quarter.

Institutional Trading of The Liberty SiriusXM Group

Several institutional investors and hedge funds have recently bought and sold shares of LSXMK. Doma Perpetual Capital Management LLC acquired a new position in shares of The Liberty SiriusXM Group in the 4th quarter valued at $12,701,000. Capstone Investment Advisors LLC acquired a new position in shares of The Liberty SiriusXM Group in the 4th quarter valued at $207,000. Hi Line Capital Management LLC lifted its stake in shares of The Liberty SiriusXM Group by 61.0% in the 1st quarter. Hi Line Capital Management LLC now owns 662,276 shares of the technology company’s stock valued at $19,676,000 after purchasing an additional 250,949 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of The Liberty SiriusXM Group by 37.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 95,616 shares of the technology company’s stock valued at $2,841,000 after purchasing an additional 25,958 shares during the period. Finally, Swedbank AB acquired a new position in shares of The Liberty SiriusXM Group in the 1st quarter valued at $1,523,000. 56.58% of the stock is currently owned by institutional investors and hedge funds.

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.