Liberty Sirius XM Group Series C (LSXMK) Downgraded by Zacks Investment Research to “Hold”

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Zacks Investment Research downgraded shares of Liberty Sirius XM Group Series C (NASDAQ:LSXMK) from a buy rating to a hold rating in a research note released on Thursday morning.

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. “

LSXMK has been the subject of a number of other reports. ValuEngine lowered shares of Liberty Sirius XM Group Series C from a buy rating to a hold rating in a report on Tuesday, July 24th. Morgan Stanley increased their target price on shares of Liberty Sirius XM Group Series C from $45.00 to $50.00 and gave the stock an equal weight rating in a report on Friday, July 13th.

NASDAQ LSXMK opened at $47.03 on Thursday. Liberty Sirius XM Group Series C has a 12-month low of $38.52 and a 12-month high of $48.56. The stock has a market cap of $10.19 billion, a price-to-earnings ratio of 14.21 and a beta of 1.81.

Liberty Sirius XM Group Series C (NASDAQ:LSXMK) last posted its quarterly earnings results on Wednesday, August 8th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.10). The business had revenue of $1.43 billion for the quarter. equities research analysts anticipate that Liberty Sirius XM Group Series C will post 2.27 EPS for the current year.

Institutional investors have recently bought and sold shares of the company. Signaturefd LLC raised its stake in Liberty Sirius XM Group Series C by 931.7% in the second quarter. Signaturefd LLC now owns 2,373 shares of the technology company’s stock worth $108,000 after buying an additional 2,143 shares in the last quarter. Synovus Financial Corp bought a new position in Liberty Sirius XM Group Series C in the first quarter worth about $103,000. Fort L.P. bought a new position in Liberty Sirius XM Group Series C in the second quarter worth about $120,000. First Personal Financial Services raised its stake in Liberty Sirius XM Group Series C by 1,666.1% in the first quarter. First Personal Financial Services now owns 3,391 shares of the technology company’s stock worth $139,000 after buying an additional 3,199 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in Liberty Sirius XM Group Series C in the second quarter worth about $188,000. Institutional investors own 80.16% of the company’s stock.

Liberty Sirius XM Group Series C 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 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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