Liberty Sirius XM Group Series A (LSXMA) Shares Gap Down to $42.02

Liberty Sirius XM Group Series A (NASDAQ:LSXMA) shares gapped down before the market opened on Tuesday . The stock had previously closed at $39.31, but opened at $42.02. Liberty Sirius XM Group Series A shares last traded at $42.20, with a volume of 60768 shares traded.

Several analysts have recently issued reports on LSXMA shares. Zacks Investment Research cut Liberty Sirius XM Group Series A from a “buy” rating to a “hold” rating in a research note on Thursday, May 31st. Pivotal Research cut Liberty Sirius XM Group Series A from a “buy” rating to a “hold” rating in a research note on Wednesday, June 20th. Barclays cut Liberty Sirius XM Group Series A from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $50.00 to $43.00 in a research note on Tuesday, June 26th. Deutsche Bank increased their price objective on Liberty Sirius XM Group Series A from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, August 14th. Finally, Macquarie reduced their price objective on Liberty Sirius XM Group Series A from $61.00 to $58.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 28th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $57.78.

The company has a market cap of $15.23 billion, a PE ratio of 12.63 and a beta of 1.90.

Liberty Sirius XM Group Series A (NASDAQ:LSXMA) last announced its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.49 earnings per share (EPS) 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 analyst estimates of $1.42 billion. equities research analysts forecast that Liberty Sirius XM Group Series A will post 2.19 earnings per share for the current fiscal year.

In other Liberty Sirius XM Group Series A news, insider Albert E. Rosenthaler sold 54,781 shares of the firm’s stock in a transaction 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 legal filing with the SEC, which can be accessed through this link.

A number of institutional investors have recently bought and sold shares of LSXMA. Selz Capital LLC acquired a new stake in shares of Liberty Sirius XM Group Series A during the second quarter worth about $3,244,000. Stevens Capital Management LP increased its position in shares of Liberty Sirius XM Group Series A by 9.1% during the second quarter. Stevens Capital Management LP now owns 18,855 shares of the technology company’s stock worth $849,000 after purchasing an additional 1,575 shares in the last quarter. Security National Bank of Sioux City Iowa IA acquired a new stake in shares of Liberty Sirius XM Group Series A during the second quarter worth about $333,000. California Public Employees Retirement System increased its position in shares of Liberty Sirius XM Group Series A by 3.5% during the first quarter. California Public Employees Retirement System now owns 414,653 shares of the technology company’s stock worth $17,042,000 after purchasing an additional 14,063 shares in the last quarter. Finally, M&R Capital Management Inc. increased its position in shares of Liberty Sirius XM Group Series A by 4.1% during the second quarter. M&R Capital Management Inc. now owns 146,052 shares of the technology company’s stock worth $6,579,000 after purchasing an additional 5,775 shares in the last quarter. Institutional investors own 26.50% of the company’s stock.

About Liberty Sirius XM Group Series A (NASDAQ:LSXMA)

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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