Liberty Sirius XM Group Series A (LSXMA) PT Raised to $75.00 at B. Riley

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Liberty Sirius XM Group Series A (NASDAQ:LSXMA) had its price target lifted by stock analysts at B. Riley to $75.00 in a report released on Tuesday, The Fly reports. The brokerage currently has a “buy” rating on the technology company’s stock. B. Riley’s target price points to a potential upside of 62.97% from the stock’s current price. B. Riley also issued estimates for Liberty Sirius XM Group Series A’s FY2018 earnings at $2.32 EPS.

Several other analysts have also issued reports on the company. Pivotal Research lowered Liberty Sirius XM Group Series A from a “buy” rating to a “hold” rating in a report on Wednesday, June 20th. Deutsche Bank upped their target price on Liberty Sirius XM Group Series A from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, August 14th. Zacks Investment Research lowered Liberty Sirius XM Group Series A from a “buy” rating to a “hold” rating in a report on Thursday, May 31st. Buckingham Research upped their target price on Liberty Sirius XM Group Series A to $59.00 and gave the stock a “buy” rating in a report on Monday, May 7th. Finally, Barclays lowered Liberty Sirius XM Group Series A from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $50.00 to $43.00 in a report on Tuesday, June 26th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $57.78.

LSXMA stock opened at $46.02 on Tuesday. The stock has a market cap of $15.45 billion, a PE ratio of 14.29 and a beta of 1.90. Liberty Sirius XM Group Series A has a fifty-two week low of $38.61 and a fifty-two week high of $48.57.

Liberty Sirius XM Group Series A (NASDAQ:LSXMA) last posted its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.01). The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.42 billion. research analysts anticipate that Liberty Sirius XM Group Series A will post 2.17 EPS for the current fiscal year.

In other Liberty Sirius XM Group Series A news, insider Albert E. Rosenthaler sold 54,781 shares of the company’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $36.71, for a total value of $2,011,010.51. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

A number of large investors have recently added to or reduced their stakes in the business. Cowen Inc. increased its stake in shares of Liberty Sirius XM Group Series A by 29.3% during the second quarter. Cowen Inc. now owns 338,421 shares of the technology company’s stock worth $15,246,000 after purchasing an additional 76,696 shares during the period. California Public Employees Retirement System increased its stake in shares of Liberty Sirius XM Group Series A by 3.1% during the second quarter. California Public Employees Retirement System now owns 427,366 shares of the technology company’s stock worth $19,253,000 after purchasing an additional 12,713 shares during the period. Millennium Management LLC increased its stake in shares of Liberty Sirius XM Group Series A by 4.8% during the second quarter. Millennium Management LLC now owns 530,184 shares of the technology company’s stock worth $23,885,000 after purchasing an additional 24,385 shares during the period. Security National Bank of Sioux City Iowa IA bought a new position in shares of Liberty Sirius XM Group Series A during the second quarter worth approximately $333,000. Finally, PEAK6 Investments L.P. bought a new position in shares of Liberty Sirius XM Group Series A during the second quarter worth approximately $437,000. Hedge funds and other institutional investors own 26.93% of the company’s stock.

Liberty Sirius XM Group Series A Company Profile

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 Sirius XM on Demand over its Internet radio service through applications for mobile and home devices, and other consumer electronic equipment.

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Analyst Recommendations for Liberty Sirius XM Group Series A (NASDAQ:LSXMA)

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