Pivotal Research Cuts Liberty Sirius XM Group Series C (LSXMK) Price Target to $60.00

Liberty Sirius XM Group Series C (NASDAQ:LSXMK) had its price target reduced by Pivotal Research from $62.00 to $60.00 in a research report released on Monday, MarketBeat Ratings reports. They currently have a buy rating on the technology company’s stock.

A number of other brokerages also recently commented on LSXMK. ValuEngine downgraded shares of Liberty Sirius XM Group Series C from a buy rating to a hold rating in a report on Tuesday, July 24th. Zacks Investment Research downgraded shares of Liberty Sirius XM Group Series C from a buy rating to a hold rating in a report on Thursday, September 13th. Finally, Morgan Stanley upped their price objective on shares of Liberty Sirius XM Group Series C from $50.00 to $51.00 and gave the company an equal weight rating in a report on Monday, August 6th.

Shares of LSXMK opened at $40.71 on Monday. The firm has a market cap of $8.58 billion, a PE ratio of 12.30 and a beta of 1.46. Liberty Sirius XM Group Series C has a 12-month low of $38.11 and a 12-month high of $48.56.

Several large investors have recently made changes to their positions in the company. Man Group plc increased its stake in shares of Liberty Sirius XM Group Series C by 81.8% in the 3rd quarter. Man Group plc now owns 328,637 shares of the technology company’s stock worth $14,280,000 after acquiring an additional 147,891 shares during the last quarter. BlueMountain Capital Management LLC increased its position in shares of Liberty Sirius XM Group Series C by 28.0% during the 3rd quarter. BlueMountain Capital Management LLC now owns 95,263 shares of the technology company’s stock worth $4,139,000 after purchasing an additional 20,859 shares during the last quarter. Deutsche Bank AG increased its position in shares of Liberty Sirius XM Group Series C by 25.3% during the 3rd quarter. Deutsche Bank AG now owns 286,246 shares of the technology company’s stock worth $12,434,000 after purchasing an additional 57,766 shares during the last quarter. Bamco Inc. NY acquired a new stake in shares of Liberty Sirius XM Group Series C during the 3rd quarter worth about $47,795,000. Finally, Capital Fund Management S.A. acquired a new stake in shares of Liberty Sirius XM Group Series C during the 3rd quarter worth about $1,456,000. Hedge funds and other institutional investors own 79.88% of the company’s stock.

About Liberty Sirius XM Group Series C

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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