Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report)'s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $19.81 and last traded at $20.05, with a volume of 799740 shares changing hands. The stock had previously closed at $21.13.
Wall Street Analyst Weigh In
Several research firms have commented on SIRI. Morgan Stanley lowered their price objective 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. Seaport Res Ptn lowered shares of Sirius XM from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. 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 note on Wednesday, January 29th. Wells Fargo & Company reduced their price target on shares of Sirius XM from $22.00 to $16.00 and set an "underweight" rating for the company in a research 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. Six research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Sirius XM has a consensus rating of "Hold" and a consensus price target of $26.81.
Get Our Latest Report on Sirius XM
Sirius XM Stock Up 11.3 %
The firm's 50-day simple moving average is $23.78 and its two-hundred day simple moving average is $24.33. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of -3.30, a price-to-earnings-growth ratio of 0.79 and a beta of 0.98. 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 announced its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.
Sirius XM Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 5.02%. The ex-dividend date was Friday, February 7th. Sirius XM's dividend payout ratio (DPR) is presently -16.85%.
Institutional Investors Weigh In On Sirius XM
A number of hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue boosted its holdings in shares of Sirius XM by 21.2% during the fourth quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company's stock valued at $5,340,000 after acquiring an additional 41,000 shares during the period. Check Capital Management Inc. CA boosted its holdings in Sirius XM by 597.7% during the fourth quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company's stock worth $26,123,000 after buying an additional 981,517 shares in the last quarter. Legato Capital Management LLC grew its position in Sirius XM by 21.9% in the fourth quarter. Legato Capital Management LLC now owns 85,500 shares of the company's stock worth $1,949,000 after buying an additional 15,342 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Sirius XM by 209.1% during the 3rd quarter. Franklin Resources Inc. now owns 87,201 shares of the company's stock valued at $2,062,000 after acquiring an additional 58,993 shares during the last quarter. Finally, MBA Advisors LLC acquired a new position in shares of Sirius XM in the 4th quarter valued at $228,000. Institutional investors and hedge funds own 10.69% of the company's stock.
Sirius XM Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Sirius XM, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sirius XM wasn't on the list.
While Sirius XM currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
