Sirius XM Holdings Inc. (NASDAQ:SIRI) Given Average Rating of "Reduce" by Brokerages

Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) has been given a consensus rating of "Reduce" by the eleven analysts that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $4.84.

SIRI has been the subject of a number of analyst reports. Benchmark cut their price objective on shares of Sirius XM from $7.00 to $6.50 and set a "buy" rating for the company in a research report on Wednesday. Citigroup increased their price objective on Sirius XM from $3.60 to $4.10 and gave the stock a "sell" rating in a report on Friday, January 12th. Wells Fargo & Company restated an "underweight" rating and issued a $4.50 price objective (down from $5.00) on shares of Sirius XM in a report on Tuesday, January 23rd. Guggenheim began coverage on shares of Sirius XM in a report on Thursday, March 14th. They issued a "neutral" rating and a $4.00 price objective on the stock. Finally, StockNews.com started coverage on Sirius XM in a research report on Thursday. They issued a "hold" rating for the company.

Insider Buying and Selling at Sirius XM

In other news, insider Joseph A. Inzerillo sold 107,611 shares of Sirius XM stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $4.90, for a total transaction of $527,293.90. Following the completion of the transaction, the insider now directly owns 746,816 shares of the company's stock, valued at approximately $3,659,398.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Sirius XM news, insider Joseph A. Inzerillo sold 107,611 shares of the company's stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $4.90, for a total transaction of $527,293.90. Following the completion of the transaction, the insider now directly owns 746,816 shares in the company, valued at $3,659,398.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James E. Meyer sold 800,000 shares of Sirius XM stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $4.92, for a total value of $3,936,000.00. Following the completion of the sale, the director now owns 1,091,472 shares in the company, valued at $5,370,042.24. The disclosure for this sale can be found here. Company insiders own 0.79% of the company's stock.

Hedge Funds Weigh In On Sirius XM

Institutional investors have recently added to or reduced their stakes in the stock. Truvestments Capital LLC acquired a new position in shares of Sirius XM during the 3rd quarter valued at about $27,000. BKM Wealth Management LLC acquired a new position in Sirius XM in the 4th quarter valued at about $27,000. Hibernia Wealth Partners LLC purchased a new stake in shares of Sirius XM in the 3rd quarter valued at approximately $30,000. FNY Investment Advisers LLC acquired a new stake in shares of Sirius XM during the 3rd quarter worth approximately $34,000. Finally, Comerica Bank purchased a new stake in shares of Sirius XM during the 3rd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 10.69% of the company's stock.

Sirius XM Price Performance

NASDAQ:SIRI traded down $0.02 on Friday, reaching $3.88. 11,991,352 shares of the company's stock were exchanged, compared to its average volume of 17,555,146. The stock has a fifty day simple moving average of $4.61 and a 200-day simple moving average of $4.73. Sirius XM has a 52 week low of $3.32 and a 52 week high of $7.95. The firm has a market cap of $14.91 billion, a price-to-earnings ratio of 12.13, a P/E/G ratio of 1.32 and a beta of 1.05.

Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its earnings results on Thursday, February 1st. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.30 billion. Sirius XM had a negative return on equity of 42.54% and a net margin of 14.05%. As a group, sell-side analysts predict that Sirius XM will post 0.29 EPS for the current year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were issued a $0.0266 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.11 annualized dividend and a yield of 2.74%. Sirius XM's dividend payout ratio (DPR) is presently 34.38%.

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.