Analysts Set Sirius XM Holdings Inc. (NASDAQ:SIRI) Price Target at $26.81

Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) has been given an average rating of "Hold" by the fourteen ratings firms that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $26.81.

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

Institutional Investors Weigh In On Sirius XM

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Columbia Asset Management purchased a new position in Sirius XM during the first quarter valued at $207,000. Merit Financial Group LLC lifted its position in Sirius XM by 101.8% during the 1st quarter. Merit Financial Group LLC now owns 20,254 shares of the company's stock valued at $457,000 after acquiring an additional 10,215 shares during the period. GAMMA Investing LLC boosted its stake in Sirius XM by 6,362.1% during the first quarter. GAMMA Investing LLC now owns 20,291 shares of the company's stock worth $458,000 after acquiring an additional 19,977 shares in the last quarter. Quent Capital LLC grew its holdings in Sirius XM by 37.7% in the first quarter. Quent Capital LLC now owns 9,526 shares of the company's stock worth $215,000 after purchasing an additional 2,608 shares during the period. Finally, California State Teachers Retirement System increased its stake in shares of Sirius XM by 31.2% during the fourth quarter. California State Teachers Retirement System now owns 205,885 shares of the company's stock valued at $4,694,000 after purchasing an additional 48,964 shares in the last quarter. 10.69% of the stock is owned by hedge funds and other institutional investors.

Sirius XM Price Performance

Shares of NASDAQ SIRI traded down $0.06 during trading hours on Tuesday, reaching $20.02. 4,863,792 shares of the stock traded hands, compared to its average volume of 4,931,079. The company's 50-day simple moving average is $23.50 and its two-hundred day simple moving average is $24.22. The company has a market capitalization of $6.78 billion, a P/E ratio of -3.12, a price-to-earnings-growth ratio of 0.79 and a beta of 0.98. Sirius XM has a 52-week low of $18.69 and a 52-week high of $41.60. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93.

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

Sirius XM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM's payout ratio 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.