Liberty Sirius XM Group Series C (LSXMK) Downgraded by Zacks Investment Research

Liberty Sirius XM Group Series C (NASDAQ:LSXMK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

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. “

A number of other equities research analysts have also issued reports on the company. ValuEngine upgraded Liberty Sirius XM Group Series C from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Morgan Stanley increased their target price on Liberty Sirius XM Group Series C from $45.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, July 13th.

Shares of NASDAQ:LSXMK opened at $47.03 on Thursday. The stock has a market cap of $10.19 billion, a price-to-earnings ratio of 12.78 and a beta of 1.81. Liberty Sirius XM Group Series C has a 12 month low of $38.52 and a 12 month high of $48.56.

Liberty Sirius XM Group Series C (NASDAQ:LSXMK) last announced its quarterly earnings results on Wednesday, August 8th. The technology company reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.10). The business had revenue of $1.43 billion during the quarter. sell-side analysts anticipate that Liberty Sirius XM Group Series C will post 2.27 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Sei Investments Co. grew its stake in shares of Liberty Sirius XM Group Series C by 16.9% in the first quarter. Sei Investments Co. now owns 8,205 shares of the technology company’s stock valued at $335,000 after buying an additional 1,188 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Liberty Sirius XM Group Series C by 2.1% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 67,247 shares of the technology company’s stock valued at $3,050,000 after purchasing an additional 1,364 shares in the last quarter. Summit Trail Advisors LLC grew its stake in Liberty Sirius XM Group Series C by 17.0% during the 1st quarter. Summit Trail Advisors LLC now owns 11,557 shares of the technology company’s stock valued at $337,000 after purchasing an additional 1,682 shares in the last quarter. Weik Capital Management grew its stake in Liberty Sirius XM Group Series C by 4.4% during the 2nd quarter. Weik Capital Management now owns 43,275 shares of the technology company’s stock valued at $1,963,000 after purchasing an additional 1,825 shares in the last quarter. Finally, Signaturefd LLC grew its stake in Liberty Sirius XM Group Series C by 931.7% during the 2nd quarter. Signaturefd LLC now owns 2,373 shares of the technology company’s stock valued at $108,000 after purchasing an additional 2,143 shares in the last quarter. Institutional investors and hedge funds own 80.16% 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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