Liberty Sirius XM Group (NASDAQ:LSXMK) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “sell” rating in a research note issued to investors on Wednesday.
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, Morgan Stanley lifted their target price on shares of Liberty Sirius XM Group from $44.00 to $45.00 and gave the company an “equal weight” rating in a research report on Monday, February 5th.
Hedge funds have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Liberty Sirius XM Group by 105.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,286 shares of the technology company’s stock worth $170,000 after acquiring an additional 2,196 shares during the last quarter. Macquarie Group Ltd. acquired a new position in shares of Liberty Sirius XM Group in the fourth quarter valued at approximately $199,000. Wayne Hummer Investments L.L.C. acquired a new position in Liberty Sirius XM Group during the fourth quarter worth $208,000. Virtu Financial LLC acquired a new position in Liberty Sirius XM Group during the fourth quarter worth $208,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Liberty Sirius XM Group during the third quarter worth $222,000. 80.13% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: “Liberty Sirius XM Group (LSXMK) Rating Lowered to Sell at Zacks Investment Research” was first reported by Week Herald and is owned by of Week Herald. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://weekherald.com/2018/03/14/liberty-sirius-xm-group-lsxmk-rating-lowered-to-sell-at-zacks-investment-research.html.
Liberty Sirius XM Group Company Profile
Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Company’s principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).
Receive News & Ratings for Liberty Sirius XM Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Sirius XM Group and related companies with MarketBeat.com's FREE daily email newsletter.