Deutsche Bank Aktiengesellschaft Cuts The Liberty SiriusXM Group (NASDAQ:LSXMA) Price Target to $58.00

The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Rating) had its target price cut by Deutsche Bank Aktiengesellschaft from $67.00 to $58.00 in a report issued on Thursday, The Fly reports.

Other equities research analysts have also recently issued reports about the stock. Benchmark reduced their price target on shares of The Liberty SiriusXM Group from $72.00 to $60.00 and set a buy rating for the company in a research report on Tuesday, March 7th. Credit Suisse Group reaffirmed an outperform rating and issued a $39.00 target price on shares of The Liberty SiriusXM Group in a report on Thursday, March 9th. Finally, Citigroup reduced their target price on shares of The Liberty SiriusXM Group from $62.00 to $46.00 and set a buy rating for the company in a report on Monday, March 6th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, The Liberty SiriusXM Group currently has a consensus rating of Buy and an average price target of $59.00.

The Liberty SiriusXM Group Price Performance

Shares of LSXMA opened at $26.24 on Thursday. The Liberty SiriusXM Group has a 1-year low of $26.05 and a 1-year high of $46.87. The stock has a market cap of $8.57 billion, a PE ratio of 7.19 and a beta of 1.12. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a fifty day moving average price of $35.27 and a 200 day moving average price of $39.06.

The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Rating) last announced its quarterly earnings results on Wednesday, March 1st. The technology company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.22. The Liberty SiriusXM Group had a net margin of 14.35% and a return on equity of 6.99%. The firm had revenue of $2.28 billion during the quarter.

Insider Transactions at The Liberty SiriusXM Group

In other news, major shareholder Gamco Investors, Inc. Et Al purchased 800 shares of the company’s stock in a transaction dated Friday, December 23rd. The shares were acquired at an average cost of $32.58 per share, for a total transaction of $26,064.00. Following the completion of the purchase, the insider now directly owns 12,800 shares in the company, valued at approximately $417,024. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, major shareholder Gamco Investors, Inc. Et Al purchased 800 shares of the company’s stock in a transaction dated Friday, December 23rd. The shares were acquired at an average cost of $32.58 per share, for a total transaction of $26,064.00. Following the completion of the purchase, the insider now directly owns 12,800 shares in the company, valued at approximately $417,024. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman John C. Malone sold 285,320 shares of the business’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $74.95, for a total transaction of $21,384,734.00. Following the transaction, the chairman now owns 3,670,061 shares in the company, valued at $275,071,071.95. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 8,700 shares of company stock worth $283,360 and have sold 412,954 shares worth $30,817,335. Company insiders own 4.02% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Truist Financial Corp grew its position in The Liberty SiriusXM Group by 92.0% during the fourth quarter. Truist Financial Corp now owns 21,759 shares of the technology company’s stock worth $855,000 after buying an additional 10,429 shares during the period. III Capital Management grew its position in The Liberty SiriusXM Group by 50.0% during the fourth quarter. III Capital Management now owns 118,500 shares of the technology company’s stock worth $4,658,000 after buying an additional 39,500 shares during the period. Public Employees Retirement System of Ohio grew its position in The Liberty SiriusXM Group by 2.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 38,471 shares of the technology company’s stock worth $1,512,000 after buying an additional 806 shares during the period. Captrust Financial Advisors grew its position in The Liberty SiriusXM Group by 91.9% during the fourth quarter. Captrust Financial Advisors now owns 19,454 shares of the technology company’s stock worth $765,000 after buying an additional 9,318 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in The Liberty SiriusXM Group during the fourth quarter worth about $415,000. 29.67% of the stock is currently owned by institutional investors and hedge funds.

About The Liberty SiriusXM Group

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Liberty Media Corp. engages in the operation of media, communications, and entertainment businesses. It operates through the following segments: Sirius XM Holdings, Formula 1. The Sirius XM Holdings segment refers to the complementary audio entertainment businesses, Sirius XM and Pandora. Sirius XM features music, sports, entertainment, comedy, talk, news, traffic, weather channels, and infotainment services.