Liberty Sirius XM Group Series A (NASDAQ:LSXMA) Price Target Raised to $67.00

Liberty Sirius XM Group Series A (NASDAQ:LSXMA) had its target price hoisted by Deutsche Bank from $62.00 to $67.00 in a research note published on Monday, August 19th, BenzingaRatingsTable reports. They currently have a buy rating on the technology company’s stock.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Liberty Sirius XM Group Series A from a hold rating to a strong sell rating in a report on Wednesday, August 14th. Pivotal Research reiterated a buy rating and issued a $67.00 price target on shares of Liberty Sirius XM Group Series A in a report on Sunday, August 11th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $59.00.

Shares of NASDAQ LSXMA traded up $0.14 during midday trading on Monday, reaching $41.63. 244,339 shares of the stock were exchanged, compared to its average volume of 547,404. Liberty Sirius XM Group Series A has a 52-week low of $34.92 and a 52-week high of $47.54. The company has a market capitalization of $13.10 billion, a P/E ratio of 20.71 and a beta of 1.19. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.64. The stock has a 50 day moving average price of $40.53 and a 200-day moving average price of $39.28.

In other news, insider Albert E. Rosenthaler sold 3,398 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $28.22, for a total transaction of $95,891.56. Following the completion of the transaction, the insider now owns 9,990 shares in the company, valued at approximately $281,917.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

A number of large investors have recently added to or reduced their stakes in the business. Cove Street Capital LLC grew its position in Liberty Sirius XM Group Series A by 51.7% in the first quarter. Cove Street Capital LLC now owns 277,174 shares of the technology company’s stock worth $10,583,000 after acquiring an additional 94,407 shares in the last quarter. Neuburgh Advisers LLC lifted its position in shares of Liberty Sirius XM Group Series A by 148.4% during the 1st quarter. Neuburgh Advisers LLC now owns 95,920 shares of the technology company’s stock worth $3,662,000 after purchasing an additional 57,310 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of Liberty Sirius XM Group Series A by 1.1% during the second quarter. Gamco Investors INC. ET AL now owns 728,396 shares of the technology company’s stock valued at $27,541,000 after buying an additional 7,752 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co lifted its position in shares of Liberty Sirius XM Group Series A by 1.4% in the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 117,638 shares of the technology company’s stock worth $4,448,000 after acquiring an additional 1,642 shares during the period. Finally, Cardan Capital Partners LLC lifted its position in Liberty Sirius XM Group Series A by 8.3% in the second quarter. Cardan Capital Partners LLC now owns 32,474 shares of the technology company’s stock worth $1,228,000 after purchasing an additional 2,502 shares during the period. 27.33% of the stock is currently owned by institutional investors.

About Liberty Sirius XM Group Series A

The Liberty SiriusXM Group, through its subsidiary, Sirius XM Holdings Inc, transmits music, sports, entertainment, comedy, talk, news, traffic, and weather channels in the United States and Canada. The company also provides infotainment services; and streaming services through applications for mobile and home devices, and other consumer electronic equipment, as well as online.

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