Liberty Sirius XM Group Series A (NASDAQ:LSXMA) Price Target Raised to $58.00 at Citigroup

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Liberty Sirius XM Group Series A (NASDAQ:LSXMA) had its target price increased by research analysts at Citigroup from $54.00 to $58.00 in a research note issued to investors on Tuesday, BenzingaRatingsTable reports. The firm presently has a “buy” rating on the technology company’s stock. Citigroup‘s target price would suggest a potential upside of 22.31% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Credit Suisse Group started coverage on shares of Liberty Sirius XM Group Series A in a research report on Wednesday, November 27th. They issued an “outperform” rating and a $55.00 price target on the stock. Deutsche Bank raised their price objective on shares of Liberty Sirius XM Group Series A from $62.00 to $67.00 and gave the company a “buy” rating in a research report on Monday, August 19th. Zacks Investment Research cut shares of Liberty Sirius XM Group Series A from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 14th. Benchmark initiated coverage on shares of Liberty Sirius XM Group Series A in a report on Wednesday, October 9th. They issued a “buy” rating and a $60.00 target price on the stock. Finally, ValuEngine lowered shares of Liberty Sirius XM Group Series A from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Two investment analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $58.33.

Shares of LSXMA stock opened at $47.42 on Tuesday. The stock has a 50-day simple moving average of $46.35 and a 200 day simple moving average of $41.35. The stock has a market capitalization of $15.10 billion, a P/E ratio of 23.59 and a beta of 1.23. Liberty Sirius XM Group Series A has a fifty-two week low of $34.92 and a fifty-two week high of $48.96. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.66.

In other news, CEO Gregory B. Maffei sold 25,205 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $47.84, for a total transaction of $1,205,807.20. Also, SVP Brian J. Wendling sold 14,533 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $38.47, for a total transaction of $559,084.51. Insiders sold a total of 684,370 shares of company stock worth $32,676,508 over the last 90 days.

Several large investors have recently modified their holdings of the stock. Atwater Malick LLC bought a new stake in Liberty Sirius XM Group Series A in the 3rd quarter valued at $29,000. CWM LLC lifted its holdings in Liberty Sirius XM Group Series A by 226.3% in the second quarter. CWM LLC now owns 757 shares of the technology company’s stock worth $29,000 after purchasing an additional 525 shares during the period. Captrust Financial Advisors boosted its stake in Liberty Sirius XM Group Series A by 36.9% during the 2nd quarter. Captrust Financial Advisors now owns 1,348 shares of the technology company’s stock valued at $51,000 after purchasing an additional 363 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Liberty Sirius XM Group Series A by 1,621.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,377 shares of the technology company’s stock valued at $55,000 after purchasing an additional 1,297 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Liberty Sirius XM Group Series A in the 2nd quarter worth $106,000. Institutional investors and hedge funds own 27.70% 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 streaming services through applications for mobile and home devices, and other consumer electronic equipment, as well as online.

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

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