The Liberty SiriusXM Group (NASDAQ:LSXMK) Given Average Rating of "Moderate Buy" by Analysts

The Liberty SiriusXM Group (NASDAQ:LSXMK - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the three analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $36.00.

A number of brokerages recently weighed in on LSXMK. Seaport Res Ptn upgraded shares of The Liberty SiriusXM Group from a "neutral" rating to a "buy" rating in a research report on Monday, April 29th. StockNews.com raised shares of The Liberty SiriusXM Group from a "sell" rating to a "hold" rating in a research report on Wednesday, March 6th.

The Liberty SiriusXM Group Trading Up 1.3 %

Shares of The Liberty SiriusXM Group stock traded up $0.29 during midday trading on Monday, reaching $22.46. The company had a trading volume of 1,818,900 shares, compared to its average volume of 2,160,761. The stock has a fifty day simple moving average of $25.80 and a 200 day simple moving average of $27.84. The company has a market capitalization of $7.34 billion and a price-to-earnings ratio of 9.24. The Liberty SiriusXM Group has a 1-year low of $21.97 and a 1-year high of $31.67.

The Liberty SiriusXM Group (NASDAQ:LSXMK - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $2.14 billion. Sell-side analysts expect that The Liberty SiriusXM Group will post 3.52 earnings per share for the current year.

Insider Activity at The Liberty SiriusXM Group

In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc bought 234,194 shares of The Liberty SiriusXM Group stock in a transaction dated Monday, March 4th. The stock was bought at an average cost of $28.77 per share, for a total transaction of $6,737,761.38. Following the purchase, the insider now owns 48,733,666 shares of the company's stock, valued at approximately $1,402,067,570.82. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Chairman John C. Malone sold 89,951 shares of the company's stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $70.53, for a total value of $6,344,244.03. Following the transaction, the chairman now owns 2,540,430 shares of the company's stock, valued at $179,176,527.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Berkshire Hathaway Inc acquired 234,194 shares of the firm's stock in a transaction on Monday, March 4th. The stock was purchased at an average cost of $28.77 per share, for a total transaction of $6,737,761.38. Following the completion of the acquisition, the insider now owns 48,733,666 shares in the company, valued at $1,402,067,570.82. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 6,457,501 shares of company stock worth $179,148,132 and sold 229,103 shares worth $15,940,449.

Hedge Funds Weigh In On The Liberty SiriusXM Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC grew its holdings in shares of The Liberty SiriusXM Group by 0.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 46,320 shares of the technology company's stock valued at $1,376,000 after purchasing an additional 421 shares during the last quarter. Atlas Capital Advisors LLC grew its stake in shares of The Liberty SiriusXM Group by 5.2% during the first quarter. Atlas Capital Advisors LLC now owns 8,746 shares of the technology company's stock worth $260,000 after buying an additional 435 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of The Liberty SiriusXM Group by 5.5% during the third quarter. Principal Financial Group Inc. now owns 12,085 shares of the technology company's stock worth $308,000 after buying an additional 628 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in shares of 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 valued at $1,960,000 after acquiring an additional 660 shares during the last quarter. Finally, Rehmann Capital Advisory Group boosted its holdings in shares of The Liberty SiriusXM Group by 6.6% during the 1st quarter. Rehmann Capital Advisory Group now owns 15,887 shares of the technology company's stock valued at $472,000 after acquiring an additional 981 shares in the last quarter. 56.58% of the stock is 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.