Sirius XM Holdings Inc. (NASDAQ:SIRI) Given Consensus Recommendation of "Reduce" by Analysts

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) have earned an average rating of "Reduce" from the fourteen research firms that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $28.96.

SIRI has been the subject of several recent analyst reports. StockNews.com assumed coverage on Sirius XM in a report on Wednesday, November 13th. They set a "sell" rating on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Sirius XM from $37.50 to $30.00 and set a "hold" rating for the company in a research note on Tuesday, August 6th. Rosenblatt Securities reissued a "neutral" rating and set a $28.00 target price on shares of Sirius XM in a report on Monday, November 4th. Benchmark reaffirmed a "buy" rating and set a $43.00 price target on shares of Sirius XM in a research note on Tuesday, October 15th. Finally, Bank of America reissued an "underperform" rating and issued a $23.00 price objective on shares of Sirius XM in a research note on Thursday, October 24th.

Sirius XM Trading Up 0.4 %

Sirius XM stock opened at $27.45 on Wednesday. The firm has a 50-day moving average price of $25.89 and a two-hundred day moving average price of $28.66. Sirius XM has a 52-week low of $22.18 and a 52-week high of $57.80. The firm has a market capitalization of $9.31 billion, a price-to-earnings ratio of -4.31 and a beta of 1.03. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93.

Sirius XM Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Tuesday, November 5th were paid a $0.27 dividend. This is a positive change from Sirius XM's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $1.08 dividend on an annualized basis and a yield of 3.93%. Sirius XM's dividend payout ratio (DPR) is currently -17.03%.

Insider Buying and Selling at Sirius XM

In related news, major shareholder Berkshire Hathaway Inc purchased 869,800 shares of Sirius XM stock in a transaction dated Wednesday, October 9th. The stock was acquired at an average cost of $23.55 per share, with a total value of $20,483,790.00. Following the completion of the transaction, the insider now directly owns 106,024,829 shares of the company's stock, valued at $2,496,884,722.95. This trade represents a 0.83 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought a total of 2,646,761 shares of company stock valued at $65,952,329 in the last three months. 0.79% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Cetera Advisors LLC increased its position in Sirius XM by 102.8% in the 1st quarter. Cetera Advisors LLC now owns 36,295 shares of the company's stock worth $141,000 after purchasing an additional 18,401 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in Sirius XM by 7.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 161,891 shares of the company's stock valued at $628,000 after acquiring an additional 11,430 shares in the last quarter. Mather Group LLC. acquired a new stake in Sirius XM in the second quarter valued at approximately $28,000. CWM LLC grew its position in Sirius XM by 15.3% in the second quarter. CWM LLC now owns 91,259 shares of the company's stock worth $258,000 after acquiring an additional 12,076 shares in the last quarter. Finally, Cambridge Advisors Inc. increased its stake in shares of Sirius XM by 18.0% during the 2nd quarter. Cambridge Advisors Inc. now owns 34,800 shares of the company's stock worth $98,000 after purchasing an additional 5,316 shares during the last quarter. Institutional investors and hedge funds own 10.69% of the company's stock.

Sirius XM Company Profile

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company's Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.