Liberty Sirius XM Group Series A (NASDAQ:LSXMA) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $37.48 and last traded at $37.70, with a volume of 48204 shares traded. The stock had previously closed at $38.76.

A number of research analysts have issued reports on the company. Zacks Investment Research downgraded Liberty Sirius XM Group Series A from a “hold” rating to a “sell” rating in a research note on Saturday. B. Riley restated a “buy” rating on shares of Liberty Sirius XM Group Series A in a research note on Thursday, November 15th. Citigroup reduced their price objective on Liberty Sirius XM Group Series A from $65.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, October 10th. Pivotal Research reduced their price objective on Liberty Sirius XM Group Series A from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, September 27th. Finally, Macquarie reduced their price objective on Liberty Sirius XM Group Series A from $61.00 to $58.00 and set an “outperform” rating for the company in a research note on Tuesday, August 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $59.13.

The company has a market cap of $13.19 billion, a PE ratio of 11.27 and a beta of 1.50.

In other news, insider Albert E. Rosenthaler sold 54,781 shares of the company’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $36.71, for a total transaction of $2,011,010.51. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional investors and hedge funds have recently modified their holdings of the stock. TLP Group LLC purchased a new stake in Liberty Sirius XM Group Series A during the 3rd quarter worth about $125,000. Ancora Advisors LLC purchased a new stake in Liberty Sirius XM Group Series A during the 3rd quarter worth about $140,000. Bank of Montreal Can purchased a new stake in Liberty Sirius XM Group Series A during the 2nd quarter worth about $161,000. First Hawaiian Bank purchased a new stake in Liberty Sirius XM Group Series A during the 3rd quarter worth about $184,000. Finally, Nordea Investment Management AB lifted its holdings in Liberty Sirius XM Group Series A by 280.7% during the 3rd quarter. Nordea Investment Management AB now owns 4,389 shares of the technology company’s stock worth $191,000 after purchasing an additional 3,236 shares in the last quarter. 26.61% of the stock is currently owned by institutional investors and hedge funds.

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Liberty Sirius XM Group Series A Company Profile (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 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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