Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) traded down 7.9% during trading on Tuesday . The stock traded as low as $23.28 and last traded at $22.46. 2,016,698 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 5,382,717 shares. The stock had previously closed at $24.39.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of Sirius XM in a research report on Wednesday, November 13th. They issued a "sell" rating for the company. Seaport Res Ptn cut Sirius XM from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Guggenheim decreased their target price on Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Rosenblatt Securities lowered their target price on Sirius XM from $29.00 to $24.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Finally, Barrington Research set a $28.00 price target on Sirius XM in a research note on Friday, January 31st. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $26.81.
Get Our Latest Analysis on SIRI
Sirius XM Stock Performance
The firm's 50 day moving average is $23.66 and its 200 day moving average is $25.15. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The stock has a market cap of $7.40 billion, a P/E ratio of -3.41, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06.
Sirius XM (NASDAQ:SIRI - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (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%. Analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.
Sirius XM Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM's dividend payout ratio (DPR) is presently -16.85%.
Hedge Funds Weigh In On Sirius XM
Several hedge funds have recently modified their holdings of SIRI. Union Bancaire Privee UBP SA purchased a new stake in Sirius XM during the 4th quarter worth approximately $26,000. Putney Financial Group LLC purchased a new stake in shares of Sirius XM during the fourth quarter valued at $27,000. First Command Advisory Services Inc. purchased a new position in Sirius XM in the 4th quarter worth $30,000. Geneos Wealth Management Inc. lifted its position in Sirius XM by 574.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock worth $31,000 after acquiring an additional 1,144 shares during the period. Finally, Itau Unibanco Holding S.A. grew its stake in Sirius XM by 255.5% during the 4th 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 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.
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