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.
Check Out Our Latest Stock Report on Sirius XM
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.
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
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Get Free ReportSirius 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.
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