Sirius XM (NASDAQ:SIRI) Trading Up 4.9% - Still a Buy?

Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) shares were up 4.9% during trading on Friday . The company traded as high as $24.81 and last traded at $24.91. Approximately 810,236 shares were traded during trading, a decline of 85% from the average daily volume of 5,326,270 shares. The stock had previously closed at $23.75.

Analysts Set New Price Targets

Several research firms have commented on SIRI. StockNews.com started coverage on shares of Sirius XM in a research note on Wednesday, November 13th. They set a "sell" rating on the stock. Barrington Research set a $28.00 price target on Sirius XM in a research report on Friday, January 31st. Guggenheim lowered their price objective 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. Rosenblatt Securities reduced their price target on shares of Sirius XM from $29.00 to $24.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Finally, Seaport Res Ptn cut Sirius XM from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $26.81.

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Sirius XM Stock Down 9.6 %

The firm has a market capitalization of $7.47 billion, a price-to-earnings ratio of -3.45, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. 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 business's 50 day moving average is $23.67 and its 200-day moving average is $25.23.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced 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%. Equities analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Announces Dividend

The company also recently announced 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 of this dividend was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.90%. Sirius XM's payout ratio is -16.85%.

Institutional Trading of Sirius XM

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Berkshire Hathaway Inc boosted its holdings in Sirius XM by 11.7% during the fourth quarter. Berkshire Hathaway Inc now owns 117,468,573 shares of the company's stock valued at $2,678,283,000 after purchasing an additional 12,313,544 shares in the last quarter. Geode Capital Management LLC raised its position in Sirius XM by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 3,914,785 shares of the company's stock valued at $89,284,000 after purchasing an additional 154,765 shares during the last quarter. Sessa Capital IM L.P. acquired a new stake in shares of Sirius XM in the third quarter valued at $77,983,000. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Sirius XM in the third quarter valued at $67,598,000. Finally, Seizert Capital Partners LLC raised its holdings in shares of Sirius XM by 16.3% in the fourth quarter. Seizert Capital Partners LLC now owns 2,269,616 shares of the company's stock valued at $51,747,000 after buying an additional 317,289 shares during the last quarter. Institutional investors own 10.69% of the company's stock.

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.