The Liberty SiriusXM Group (LSXMA): Street Finally Waking Up


    The Vanguard Group, Inc. recently announced the acquisition of new stake in The Liberty SiriusXM Group (NASDAQ:LSXMA). The institutional investor has increased its shareholding in the Communication Services company by 2.94% to 8.39 million shares with purchase of 0.24 million shares. This fresh investment now brings its stake to 8.27% valued currently at $289.56 million. In addition, BlackRock Fund Advisors raised its holdings by 71025.0 to 4.14 million shares. And D. E. Shaw & Co. LP has lifted its position by 14.05% or 0.49 million shares – to 3.95 million shares.

    With over 0.43 million The Liberty SiriusXM Group (LSXMA) shares trading Friday and a closing price of $34.27 on the day, the dollar volume was approximately $14.64 million. The shares have shown a negative weekly performance of -2.97% and its price on 07/24/20 lost nearly -0.55%. Currently, there are 315.00M common shares owned by the public and among those 276.34M shares have been available to trade.

    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 LSXMA have a consensus price objective of $45.54. 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 2.00 for the next 12 months. The average price target is 29.7% above its last price level and an upside to the estimated low will see the stock lose -3.85% over that period. But an upside of 40.91% 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 Vanguard Total Stock Market Index, Vanguard Mid Cap Index Fund, and ClearBridge Aggressive Growth Fun. Vanguard Total Stock Market Index owns 2.29 million shares of the company’s stock, all valued at over $79.16 million. The company sold -0.22 million shares recently to bring their total holdings to about 2.26% of the shares outstanding. Vanguard Mid Cap Index Fund sold -0.31 million shares to see its total holdings shrink to 1.96 million shares valued at over $67.81 million and representing 1.94% of the shares outstanding. ClearBridge Aggressive Growth Fun now owns shares totaling to 1.46% of the shares outstanding.

    Shares of The Liberty SiriusXM Group (NASDAQ: LSXMA) opened at $34.45, down -$0.01 from a prior closing price of $34.46. However, the script later closed the day at $34.27, down -0.55%. The company’s stock has a 5-day price change of -2.97% and 13.82% over the past three months. LSXMA shares are trading -27.86% year to date (YTD), with the 12-month market performance down to -13.16% lower. It has a 12-month low price of $22.15 and touched a high of $50.23 over the same period. Currently, 0.43 million shares have been traded, compared to an average intraday trading volume of 1.11 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 -0.76%, -2.29%, and -14.23% respectively.

    Institutional ownership of The Liberty SiriusXM Group (NASDAQ: LSXMA) shares accounts for 93.80% of the company’s 315.00M shares outstanding. Mutual fund holders own 23.06%, while other institutional holders and individual stakeholders account for 67.20% and 17.43% respectively.

    It has a market capitalization of $19.82B and a beta (3y monthly) value of 1.29. The stock’s trailing 12-month PE ratio is 17.01, while the earnings-per-share (ttm) stands at $2.02. The company has a PEG of 4.60 and a Quick Ratio of 0.40 with the debt-to-equity ratio at 0.84. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.06% over the week and 3.34% over the month.

    Analysts forecast that The Liberty SiriusXM Group (LSXMA) will achieve an EPS of $0.77 for the current quarter, $0.91 for the next quarter and $2.54 for 2021. The lowest estimate earnings-per-share for the quarter is $0.77 while analysts give the company a high EPS estimate of $0.77. Comparatively, EPS for the current quarter was $0.52 a year ago. Earnings per share for the fiscal year are expected to decrease by -24.90%, and 12.68% 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 (LSXMA) as a “Moderate Buy” at a consensus score of 2.00. 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 LSXMA, a number of firms have released research notes about the stock. Pivotal Research Group stated their Buy rating for the stock in a research note on March 31, 2020, with the firm’s price target at $72-$63. Credit Suisse coverage for the The Liberty SiriusXM Group (LSXMA) stock in a research note released on March 20, 2020 offered a Neutral rating with a price target of $35. The Benchmark Company was of a view on October 09, 2019 that the stock is Buy, while Pivotal Research Group gave the stock Buy rating on September 27, 2018, issuing a price target of $66- $62. Pivotal Research Group on their part issued Buy rating on May 22, 2018.


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