Liberty Sirius XM Group Series A (NASDAQ:LSXMA) Reaches New 1-Year High at $48.94

Liberty Sirius XM Group Series A (NASDAQ:LSXMA) hit a new 52-week high on Friday . The company traded as high as $48.94 and last traded at $48.83, with a volume of 9646 shares changing hands. The stock had previously closed at $48.75.

A number of research analysts recently commented on the company. Citigroup upped their price objective on Liberty Sirius XM Group Series A from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Benchmark assumed coverage on Liberty Sirius XM Group Series A in a research note on Wednesday, October 9th. They set a “buy” rating and a $60.00 price objective for the company. Zacks Investment Research downgraded Liberty Sirius XM Group Series A from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 14th. Credit Suisse Group assumed coverage on Liberty Sirius XM Group Series A in a research note on Wednesday. They set an “outperform” rating and a $55.00 price objective for the company. Finally, Pivotal Research restated a “buy” rating and set a $67.00 price objective on shares of Liberty Sirius XM Group Series A in a research note on Sunday, August 11th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $57.67.

The stock has a market capitalization of $15.17 billion, a P/E ratio of 24.23 and a beta of 1.20. The stock has a 50 day moving average of $45.32 and a 200 day moving average of $40.88. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.50 and a current ratio of 0.50.

In other Liberty Sirius XM Group Series A news, CEO Gregory B. Maffei sold 18,704 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $48.70, for a total transaction of $910,884.80. Also, SVP Brian J. Wendling sold 14,533 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $38.47, for a total value of $559,084.51. Insiders have sold a total of 122,528 shares of company stock valued at $5,715,819 in the last quarter.

A number of hedge funds have recently made changes to their positions in the business. CWM LLC lifted its holdings in shares of 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 valued at $29,000 after buying an additional 525 shares during the period. Atwater Malick LLC acquired a new stake in shares of Liberty Sirius XM Group Series A in the third quarter valued at $29,000. Captrust Financial Advisors lifted its holdings in shares of Liberty Sirius XM Group Series A by 36.9% in the second quarter. Captrust Financial Advisors now owns 1,348 shares of the technology company’s stock valued at $51,000 after buying an additional 363 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Liberty Sirius XM Group Series A by 1,621.3% in the third quarter. Quadrant Capital Group LLC now owns 1,377 shares of the technology company’s stock valued at $55,000 after buying an additional 1,297 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Liberty Sirius XM Group Series A in the second quarter valued at $106,000. Institutional investors own 27.59% of the company’s stock.

About Liberty Sirius XM Group Series A (NASDAQ:LSXMA)

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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