Now Is A Suitable Moment For A Long-Term Purchase Of The Liberty SiriusXM Group (NASDAQ: LSXMK)

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Berkshire Hathaway, Inc. (Investm. recently announced the acquisition of new stake in The Liberty SiriusXM Group (NASDAQ:LSXMK). The institutional investor has increased its shareholding in the Communication Services company by 37.77% to 43.21 million shares with purchase of 11.85 million shares. This fresh investment now brings its stake to 18.64% valued currently at $1.49 billion. In addition, The Vanguard Group, Inc. raised its holdings by 65248.0 to 14.37 million shares. And JPMorgan Investment Management, I. has lifted its position by 15.87% or 0.76 million shares – to 5.56 million shares.

With over 0.48 million The Liberty SiriusXM Group (LSXMK) shares trading Thursday and a closing price of $35.58 on the day, the dollar volume was approximately $16.93 million. The shares have shown a positive weekly performance of 5.74% and its price on 07/16/20 lost nearly -0.97%. Currently, there are 202.41M common shares owned by the public.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for LSXMK have a consensus price objective of $46.39. The analysts have set the share’s price value over the next 12 months at a high of $58.00 and a low of $33.00 should the stock experience a downside. Incidentally, analysts’ outlook for the The Liberty SiriusXM Group stock is 1.50 for the next 12 months. The average price target is 21.96% above its last price level and an upside to the estimated low will see the stock lose -7.82% over that period. But an upside of 38.66% will see the stock hit the forecast high price target while mean target price for the stock is $47.00.

The top 3 mutual fund holders in The Liberty SiriusXM Group are JPMorgan Mid Cap Value Fund, Vanguard Total Stock Market Index, and Vanguard Mid Cap Index Fund. JPMorgan Mid Cap Value Fund owns 4.4 million shares of the company’s stock, all valued at over $151.45 million. The company sold 72845.0 shares recently to bring their total holdings to about 1.90% of the shares outstanding. Vanguard Total Stock Market Index sold 73344.0 shares to see its total holdings shrink to 4.35 million shares valued at over $150.02 million and representing 1.88% of the shares outstanding. Vanguard Mid Cap Index Fund sold 65510.0 shares to bring its total holdings to over 3.97 million shares at a value of $136.73 million. Vanguard Mid Cap Index Fund now owns shares totaling to 1.71% of the shares outstanding.

Shares of The Liberty SiriusXM Group (NASDAQ: LSXMK) opened at $35.75, down -$0.18 from a prior closing price of $35.93. However, the script later closed the day at $35.58, down -0.97%. The company’s stock has a 5-day price change of 5.74% and 13.38% over the past three months. LSXMK shares are trading -24.77% year to date (YTD), with the 12-month market performance down to -8.67% lower. It has a 12-month low price of $22.61 and touched a high of $50.46 over the same period. Currently, 0.48 million shares have been traded, compared to an average intraday trading volume of 1.60 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.07%, 3.32%, and -11.46% respectively.

Institutional ownership of The Liberty SiriusXM Group (NASDAQ: LSXMK) shares accounts for 82.82% of the company’s 202.41M shares outstanding. Mutual fund holders own 28.98%, while other institutional holders and individual stakeholders account for 55.58% and 22.24% respectively.

It has a market capitalization of $7.20B. The stock’s trailing 12-month PE ratio is 18.57, while the earnings-per-share (ttm) stands at $1.92. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.15% over the week and 3.37% over the month.

Analysts forecast that The Liberty SiriusXM Group (LSXMK) will achieve an EPS of $0.15 for the current quarter, $0.39 for the next quarter and $2.04 for 2021. The lowest estimate earnings-per-share for the quarter is $0.15 while analysts give the company a high EPS estimate of $0.15. Comparatively, EPS for the current quarter was $0.51 a year ago. Earnings per share for the fiscal year are expected to increase by 17.30%, and 15.90% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate The Liberty SiriusXM Group (LSXMK) as a “Strong Buy” at a consensus score of 1.50. Specifically, 8 Wall Street analysts polled rate the stock as a buy, while 2 of the 10 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the LSXMK, a number of firms have released research notes about the stock. Morgan Stanley stated their Overweight rating for the stock in a research note on March 15, 2019, with the firm’s price target at $51. Pivotal Research Group coverage for the The Liberty SiriusXM Group (LSXMK) stock in a research note released on November 12, 2018 offered a Buy rating with a price target of $60.

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