Liberty Sirius XM Group (NASDAQ:LSXMA) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 902,935 shares, a decrease of 26.8% from the October 14th total of 1,232,755 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 360,382 shares, the days-to-cover ratio is presently 2.5 days.
Liberty Sirius XM Group (NASDAQ:LSXMA) opened at 35.84 on Thursday. The firm’s market cap is $12.01 billion. Liberty Sirius XM Group has a one year low of $28.00 and a one year high of $36.19. The firm’s 50 day moving average price is $33.51 and its 200-day moving average price is $32.97.
LSXMA has been the topic of a number of recent research reports. Zacks Investment Research upgraded Liberty Sirius XM Group from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Wednesday, October 12th. Pivotal Research upped their target price on Liberty Sirius XM Group from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, September 30th. Deutsche Bank AG downgraded Liberty Sirius XM Group from a “buy” rating to a “hold” rating and upped their target price for the stock from $37.00 to $39.00 in a research note on Wednesday. They noted that the move was a valuation call. Citigroup Inc. upped their target price on Liberty Sirius XM Group from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 24th. Finally, FBN Securities upgraded Liberty Sirius XM Group from a “sector perform” rating to an “outperform” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. Liberty Sirius XM Group has a consensus rating of “Buy” and an average target price of $41.32.
Several hedge funds have recently bought and sold shares of LSXMA. Manchester Capital Management LLC purchased a new stake in Liberty Sirius XM Group during the second quarter worth approximately $102,000. Partners Capital Investment Group LLC purchased a new stake in Liberty Sirius XM Group during the second quarter worth approximately $122,000. Chicago Partners Investment Group LLC purchased a new stake in Liberty Sirius XM Group during the second quarter worth approximately $125,000. US Bancorp DE purchased a new stake in Liberty Sirius XM Group during the second quarter worth approximately $125,000. Finally, KBC Group NV purchased a new stake in Liberty Sirius XM Group during the second quarter worth approximately $140,000.
About Liberty Sirius XM Group
Liberty Media Corporation (Liberty) owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. Through its subsidiaries and affiliates, the Company principally operates in North America. Its principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and the Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).