Equities researchers at StockNews.com began coverage on shares of The Liberty SiriusXM Group (NASDAQ:LSXMK – Get Free Report) in a research note issued on Thursday. The brokerage set a “hold” rating on the technology company’s stock.
A number of other research analysts also recently issued reports on LSXMK. TheStreet raised shares of The Liberty SiriusXM Group from a “d+” rating to a “c-” rating in a research report on Wednesday, September 27th. Morgan Stanley cut their price objective on shares of The Liberty SiriusXM Group from $36.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 15th. Pivotal Research lifted their price objective on shares of The Liberty SiriusXM Group from $34.00 to $41.00 in a research report on Tuesday, September 26th. Finally, Rosenblatt Securities cut their price objective on shares of The Liberty SiriusXM Group from $53.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday, September 6th.
Read Our Latest Analysis on The Liberty SiriusXM Group
The Liberty SiriusXM Group Stock Performance
Insiders Place Their Bets
In other The Liberty SiriusXM Group news, CEO Gregory B. Maffei sold 5,182 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $32.82, for a total transaction of $170,073.24. Following the sale, the chief executive officer now owns 4,203,799 shares of the company’s stock, valued at approximately $137,968,683.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other The Liberty SiriusXM Group news, CEO Gregory B. Maffei sold 5,182 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $32.82, for a total transaction of $170,073.24. Following the sale, the chief executive officer now owns 4,203,799 shares of the company’s stock, valued at approximately $137,968,683.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman John C. Malone sold 120,900 shares of The Liberty SiriusXM Group stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $70.89, for a total transaction of $8,570,601.00. Following the sale, the chairman now owns 3,010,381 shares of the company’s stock, valued at $213,405,909.09. The disclosure for this sale can be found here. In the last quarter, insiders have sold 287,867 shares of company stock valued at $20,102,637. Insiders own 12.47% of the company’s stock.
Institutional Trading of The Liberty SiriusXM Group
Several institutional investors and hedge funds have recently bought and sold shares of the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in The Liberty SiriusXM Group by 0.6% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 54,298 shares of the technology company’s stock valued at $1,520,000 after acquiring an additional 345 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of The Liberty SiriusXM Group by 0.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 131,039 shares of the technology company’s stock valued at $6,355,000 after purchasing an additional 378 shares during the period. Captrust Financial Advisors lifted its stake in shares of The Liberty SiriusXM Group by 1.8% in the 3rd quarter. Captrust Financial Advisors now owns 25,553 shares of the technology company’s stock valued at $964,000 after purchasing an additional 449 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of The Liberty SiriusXM Group by 1.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 51,920 shares of the technology company’s stock valued at $1,872,000 after purchasing an additional 497 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in shares of The Liberty SiriusXM Group by 6.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 8,009 shares of the technology company’s stock valued at $224,000 after purchasing an additional 500 shares during the period. 0.27% of the stock is currently owned by institutional investors and hedge funds.
The Liberty SiriusXM Group Company Profile
The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States and Canada. 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 applications for mobile and home devices, and other consumer electronic equipment.
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