Liberty Sirius XM Group Series A (NASDAQ:LSXMA) Rating Lowered to Strong Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Liberty Sirius XM Group Series A (NASDAQ:LSXMA) from a hold rating to a strong sell rating in a research note released on Wednesday, Zacks.com reports.

According to Zacks, “The Liberty SiriusXM Group provides satellite radio services consists of commercial-free music, sports, news, talk, entertainment, traffic and weather. The Liberty SiriusXM Group is based in United States. “

Separately, Pivotal Research restated a buy rating and set a $67.00 price objective on shares of Liberty Sirius XM Group Series A in a research note on Sunday, August 11th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $60.40.

NASDAQ:LSXMA opened at $40.11 on Wednesday. The stock has a market cap of $12.74 billion, a P/E ratio of 19.96, a PEG ratio of 1.73 and a beta of 1.19. The stock has a 50 day simple moving average of $39.88 and a 200 day simple moving average of $39.24. Liberty Sirius XM Group Series A has a 1-year low of $34.92 and a 1-year high of $47.54.

In other news, Director Andrea L. Wong sold 1,741 shares of Liberty Sirius XM Group Series A stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $26.51, for a total value of $46,153.91. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Several institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC raised its holdings in Liberty Sirius XM Group Series A by 852.5% in the fourth quarter. FMR LLC now owns 1,539,255 shares of the technology company’s stock valued at $56,644,000 after buying an additional 1,377,654 shares during the period. Dimensional Fund Advisors LP raised its holdings in Liberty Sirius XM Group Series A by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 627,265 shares of the technology company’s stock valued at $23,083,000 after buying an additional 8,196 shares during the period. Geode Capital Management LLC raised its holdings in Liberty Sirius XM Group Series A by 8.5% in the fourth quarter. Geode Capital Management LLC now owns 1,075,050 shares of the technology company’s stock valued at $39,545,000 after buying an additional 84,271 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Liberty Sirius XM Group Series A by 136.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 7,244 shares of the technology company’s stock valued at $276,000 after buying an additional 4,175 shares during the period. Finally, BNP Paribas Arbitrage SA raised its holdings in Liberty Sirius XM Group Series A by 29.1% in the first quarter. BNP Paribas Arbitrage SA now owns 549,892 shares of the technology company’s stock valued at $20,995,000 after buying an additional 123,795 shares during the period. Institutional investors own 27.16% of the company’s stock.

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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