Sirius XM Holdings Inc. (NASDAQ:SIRI) Receives $26.81 Average Price Target from Analysts

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) have been assigned an average rating of "Reduce" from the fourteen brokerages that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $26.81.

SIRI has been the topic of several recent research reports. Barrington Research set a $28.00 price target on Sirius XM in a research report on Friday, January 31st. Morgan Stanley reduced their price target on Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a research report on Thursday, January 23rd. Rosenblatt Securities reduced their price target on Sirius XM from $29.00 to $24.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Guggenheim reduced their target price on Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Finally, Seaport Res Ptn lowered Sirius XM from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th.

Hedge Funds Weigh In On Sirius XM

Institutional investors have recently bought and sold shares of the business. Putney Financial Group LLC acquired a new position in shares of Sirius XM in the fourth quarter valued at approximately $27,000. Union Bancaire Privee UBP SA acquired a new position in shares of Sirius XM in the fourth quarter valued at approximately $26,000. First Command Advisory Services Inc. acquired a new position in shares of Sirius XM in the fourth quarter valued at approximately $30,000. Geneos Wealth Management Inc. grew its position in shares of Sirius XM by 574.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock valued at $31,000 after purchasing an additional 1,144 shares during the last quarter. Finally, Itau Unibanco Holding S.A. grew its position in shares of Sirius XM by 255.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company's stock valued at $42,000 after purchasing an additional 1,321 shares during the last quarter. Institutional investors and hedge funds own 10.69% of the company's stock.

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Sirius XM Trading Up 3.8 %

Shares of NASDAQ SIRI traded up $0.84 during midday trading on Friday, hitting $22.67. The stock had a trading volume of 3,973,265 shares, compared to its average volume of 5,519,007. The company's 50-day simple moving average is $23.66 and its 200 day simple moving average is $25.12. The firm has a market cap of $7.68 billion, a P/E ratio of -3.54, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. Sirius XM has a fifty-two week low of $20.47 and a fifty-two week high of $41.60. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.63 by $0.20. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. Research analysts anticipate that Sirius XM will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date was Friday, February 7th. Sirius XM's dividend payout ratio (DPR) is presently -16.85%.

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.