Sirius XM Holdings Inc. (NASDAQ:SIRI) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) have earned a consensus recommendation of "Hold" from the fourteen ratings firms that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective 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. Morgan Stanley lowered their price target on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a research note on Thursday, January 23rd. Rosenblatt Securities cut their price objective on Sirius XM from $29.00 to $24.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Guggenheim dropped their price target on shares of Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Wells Fargo & Company dropped their target price on shares of Sirius XM from $22.00 to $16.00 and set an "underweight" rating on the stock in a report on Thursday, December 19th. Finally, Barrington Research set a $28.00 price objective on Sirius XM in a research note on Friday, January 31st.

Hedge Funds Weigh In On Sirius XM

A number of institutional investors have recently modified their holdings of the business. Putney Financial Group LLC bought a new position in shares of Sirius XM during the fourth quarter valued at $27,000. Union Bancaire Privee UBP SA bought a new position in Sirius XM during the 4th quarter worth approximately $26,000. First Command Advisory Services Inc. acquired a new position in shares of Sirius XM in the 4th quarter worth approximately $30,000. Geneos Wealth Management Inc. raised its stake in Sirius XM by 574.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock worth $31,000 after buying an additional 1,144 shares during the last quarter. Finally, Itau Unibanco Holding S.A. raised its position in shares of Sirius XM by 255.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company's stock worth $42,000 after acquiring an additional 1,321 shares in the last quarter. Institutional investors and hedge funds own 10.69% of the company's stock.

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Sirius XM Trading Down 1.8 %

NASDAQ SIRI traded down $0.38 on Tuesday, reaching $20.34. The company had a trading volume of 1,508,173 shares, compared to its average volume of 4,922,315. The stock's 50 day moving average is $23.40 and its 200-day moving average is $24.19. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of -3.17, a PEG 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 earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. Equities analysts predict that Sirius XM will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 5.31%. 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.