Sirius XM Holdings Inc. (NASDAQ:SIRI) Given Consensus Recommendation of "Hold" by Brokerages

Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) has been given an average recommendation of "Hold" by the fourteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $26.65.

Several equities analysts recently weighed in on SIRI shares. Barrington Research reaffirmed an "outperform" rating and issued a $28.00 price objective on shares of Sirius XM in a research note on Friday, May 2nd. Seaport Res Ptn upgraded Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Finally, Rosenblatt Securities lowered their target price on Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd.

Insider Buying and Selling at Sirius XM

In related news, Director Kristina Salen sold 1,651 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $22.27, for a total value of $36,767.77. Following the completion of the sale, the director now owns 15,471 shares of the company's stock, valued at $344,539.17. This trade represents a 9.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.32% of the company's stock.

Institutional Investors Weigh In On Sirius XM

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Voya Investment Management LLC increased its stake in shares of Sirius XM by 3.8% during the 1st quarter. Voya Investment Management LLC now owns 28,342 shares of the company's stock worth $639,000 after purchasing an additional 1,035 shares during the last quarter. Strs Ohio bought a new position in shares of Sirius XM in the first quarter valued at $814,000. Geneos Wealth Management Inc. lifted its stake in shares of Sirius XM by 36.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company's stock valued at $41,000 after buying an additional 493 shares in the last quarter. Focus Partners Wealth lifted its position in shares of Sirius XM by 5.2% during the first quarter. Focus Partners Wealth now owns 16,273 shares of the company's stock valued at $367,000 after purchasing an additional 800 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Sirius XM by 11.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 925,313 shares of the company's stock valued at $20,861,000 after purchasing an additional 92,111 shares in the last quarter. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Stock Performance

NASDAQ SIRI opened at $21.75 on Friday. The stock's 50 day simple moving average is $21.55 and its 200-day simple moving average is $22.68. The company has a market cap of $7.35 billion, a PE ratio of -3.34, a price-to-earnings-growth ratio of 0.31 and a beta of 0.91. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. Sirius XM has a 1-year low of $18.69 and a 1-year high of $41.60.

Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.11). The firm had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.09 billion. Sirius XM had a negative net margin of 25.00% and a positive return on equity of 6.77%. Sirius XM's quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.07 EPS. As a group, equities research analysts anticipate that Sirius XM will post 3.2 EPS for the current fiscal year.

Sirius XM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Friday, May 9th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend was Friday, May 9th. Sirius XM's dividend payout ratio is presently -16.56%.

About Sirius XM

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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