Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) fell 7.9% during trading on Tuesday . The company traded as low as $23.28 and last traded at $22.46. 2,016,698 shares traded hands during trading, a decline of 63% from the average session volume of 5,382,717 shares. The stock had previously closed at $24.39.
Analyst Ratings Changes
Several research analysts have recently issued reports on SIRI shares. Morgan Stanley decreased their price objective 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. Barrington Research set a $28.00 price target on Sirius XM in a research report on Friday, January 31st. Wells Fargo & Company cut their price objective on Sirius XM from $22.00 to $16.00 and set an "underweight" rating for the company in a report on Thursday, December 19th. StockNews.com initiated coverage on Sirius XM in a report on Wednesday, November 13th. They set a "sell" rating on the stock. Finally, Rosenblatt Securities cut their price target on shares of Sirius XM from $29.00 to $24.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $26.81.
Check Out Our Latest Analysis on SIRI
Sirius XM Stock Down 6.9 %
The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The company has a market cap of $7.69 billion, a price-to-earnings ratio of -3.54, a P/E/G ratio of 0.79 and a beta of 1.06. The business has a fifty day moving average price of $23.67 and a two-hundred day moving average price of $25.23.
Sirius XM (NASDAQ:SIRI - Get Free Report) last released 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 negative net margin of 24.03% and a positive return on equity of 13.44%. On average, equities analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.
Sirius XM Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were paid a $0.27 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.76%. Sirius XM's payout ratio is -16.85%.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Berkshire Hathaway Inc increased its position in Sirius XM by 11.7% during the fourth quarter. Berkshire Hathaway Inc now owns 117,468,573 shares of the company's stock worth $2,678,283,000 after buying an additional 12,313,544 shares during the last quarter. Sessa Capital IM L.P. acquired a new position in shares of Sirius XM during the 3rd quarter valued at about $77,983,000. Thompson Siegel & Walmsley LLC acquired a new position in shares of Sirius XM during the 3rd quarter valued at about $67,598,000. LSV Asset Management bought a new position in shares of Sirius XM in the 4th quarter valued at approximately $51,535,000. Finally, Seizert Capital Partners LLC acquired a new stake in Sirius XM in the 3rd quarter worth approximately $46,173,000. 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
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