Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report)'s stock price fell 5.5% on Wednesday . The company traded as low as $25.07 and last traded at $25.06. 2,411,829 shares changed hands during trading, a decline of 58% from the average session volume of 5,725,150 shares. The stock had previously closed at $26.52.
Analyst Ratings Changes
Several brokerages have recently commented on SIRI. JPMorgan Chase & Co. boosted their target price on shares of Sirius XM from $20.00 to $21.00 and gave the company an "underweight" rating in a research report on Thursday, November 7th. Rosenblatt Securities reduced their price objective 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. Seaport Res Ptn lowered shares of Sirius XM from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Wells Fargo & Company lowered their target price on Sirius XM from $22.00 to $16.00 and set an "underweight" rating for the company in a report on Thursday, December 19th. Finally, Barrington Research reiterated an "outperform" rating and issued a $30.00 price objective on shares of Sirius XM in a report on Thursday, January 30th. Six research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $26.96.
Get Our Latest Report on Sirius XM
Sirius XM Stock Performance
The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. The company's 50 day moving average is $23.34 and its 200-day moving average is $25.82. The firm has a market capitalization of $8.38 billion, a P/E ratio of -3.86, 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 data on Thursday, January 30th. The company reported $0.83 earnings per share 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%. As a group, equities analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.
Sirius XM Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date is Friday, February 7th. Sirius XM's payout ratio is -16.85%.
Hedge Funds Weigh In On Sirius XM
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue raised its stake in shares of Sirius XM by 21.2% during the 4th quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company's stock valued at $5,340,000 after purchasing an additional 41,000 shares during the period. Check Capital Management Inc. CA increased its position in shares of 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 valued at $26,123,000 after buying an additional 981,517 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Sirius XM by 209.1% in the third quarter. Franklin Resources Inc. now owns 87,201 shares of the company's stock worth $2,062,000 after buying an additional 58,993 shares in the last quarter. Legato Capital Management LLC boosted its position in shares of Sirius XM by 21.9% in the fourth quarter. Legato Capital Management LLC now owns 85,500 shares of the company's stock valued at $1,949,000 after acquiring an additional 15,342 shares during the period. Finally, MBA Advisors LLC purchased a new position in Sirius XM during the fourth quarter valued at approximately $228,000. Institutional investors own 10.69% of the company's stock.
About Sirius XM
(
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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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