Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) has been given a consensus recommendation of "Hold" by the twelve research firms that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $26.1818.
A number of research firms have recently commented on SIRI. Rosenblatt Securities upped their price target on shares of Sirius XM from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Monday, August 4th. Morgan Stanley upped their price target on shares of Sirius XM from $21.00 to $22.00 and gave the stock an "underweight" rating in a report on Wednesday, July 16th. Wells Fargo & Company cut their price target on shares of Sirius XM from $19.00 to $18.00 and set an "underweight" rating on the stock in a report on Friday, August 1st. Barrington Research reiterated an "outperform" rating and set a $28.00 target price on shares of Sirius XM in a report on Friday, August 1st. Finally, Guggenheim reiterated a "buy" rating and set a $29.00 target price on shares of Sirius XM in a report on Thursday, June 26th.
View Our Latest Research Report on Sirius XM
Sirius XM Price Performance
Shares of SIRI stock traded up $0.09 during mid-day trading on Monday, hitting $21.04. The company had a trading volume of 4,513,379 shares, compared to its average volume of 4,487,917. Sirius XM has a 52-week low of $18.69 and a 52-week high of $36.40. The stock's 50 day moving average price is $22.71 and its 200-day moving average price is $22.69. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.41 and a quick ratio of 0.41. The company has a market capitalization of $7.09 billion, a P/E ratio of -3.12, a P/E/G ratio of 0.33 and a beta of 0.92.
Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.22). Sirius XM had a positive return on equity of 3.73% and a negative net margin of 26.41%. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the prior year, the firm posted $0.80 EPS. The company's revenue for the quarter was down 1.8% on a year-over-year basis. Equities research analysts forecast that Sirius XM will post 3.2 earnings per share for the current year.
Sirius XM Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Friday, August 8th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Friday, August 8th. Sirius XM's dividend payout ratio (DPR) is currently -16.00%.
Insider Buying and Selling
In other Sirius XM news, Director Kristina Salen sold 1,651 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $22.27, for a total value of $36,767.77. Following the sale, the director directly owned 15,471 shares of the company's stock, valued at approximately $344,539.17. This trade represents a 9.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.79% of the company's stock.
Hedge Funds Weigh In On Sirius XM
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its holdings in shares of Sirius XM by 40.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 344,604 shares of the company's stock valued at $7,916,000 after acquiring an additional 99,392 shares during the last quarter. Laurel Wealth Advisors LLC boosted its position in Sirius XM by 2,197.4% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 5,284 shares of the company's stock worth $121,000 after acquiring an additional 5,054 shares during the period. XTX Topco Ltd acquired a new stake in shares of Sirius XM in the second quarter valued at $927,000. AXQ Capital LP lifted its holdings in shares of Sirius XM by 167.4% in the second quarter. AXQ Capital LP now owns 50,225 shares of the company's stock valued at $1,154,000 after buying an additional 31,443 shares during the period. Finally, Legal & General Group Plc lifted its holdings in shares of Sirius XM by 6.7% in the second quarter. Legal & General Group Plc now owns 262,660 shares of the company's stock valued at $6,033,000 after buying an additional 16,469 shares during the period. 10.69% of the stock is owned by institutional investors and hedge funds.
About Sirius XM
(
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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