Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report)'s share price traded down 7.9% on Tuesday . The stock traded as low as $23.28 and last traded at $22.46. 2,016,698 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 5,382,717 shares. The stock had previously closed at $24.39.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the company. Guggenheim lowered their target price on Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Morgan Stanley lowered their target price on Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a report on Thursday, January 23rd. Seaport Res Ptn lowered Sirius XM from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Rosenblatt Securities lowered their target price on Sirius XM from $29.00 to $24.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Finally, Barrington Research set a $28.00 target price on Sirius XM in a report on Friday, January 31st. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $26.81.
Check Out Our Latest Analysis on Sirius XM
Sirius XM Price Performance
The company has a 50-day moving average of $23.66 and a two-hundred day moving average of $25.07. The stock has a market capitalization of $7.68 billion, a PE ratio of -3.54, a P/E/G ratio of 0.79 and a beta of 1.06. 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 (NASDAQ:SIRI - Get Free Report) last released its earnings results 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 positive return on equity of 13.44% and a negative net margin of 24.03%. Sell-side analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.
Sirius XM Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were issued a $0.27 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.76%. Sirius XM's dividend payout ratio (DPR) is -16.85%.
Hedge Funds Weigh In On Sirius XM
A number of large investors have recently modified their holdings of the company. Xponance Inc. raised its holdings in shares of Sirius XM by 4.5% in the 4th quarter. Xponance Inc. now owns 12,341 shares of the company's stock worth $281,000 after purchasing an additional 527 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Sirius XM by 4.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,856 shares of the company's stock valued at $339,000 after buying an additional 630 shares in the last quarter. Wealthspire Advisors LLC grew its stake in shares of Sirius XM by 4.3% in the fourth quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company's stock valued at $358,000 after buying an additional 643 shares in the last quarter. Proficio Capital Partners LLC grew its stake in shares of Sirius XM by 5.9% in the fourth quarter. Proficio Capital Partners LLC now owns 14,258 shares of the company's stock valued at $325,000 after buying an additional 791 shares in the last quarter. Finally, Mill Creek Capital Advisors LLC grew its stake in shares of Sirius XM by 5.8% in the fourth quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company's stock valued at $348,000 after buying an additional 837 shares in the last quarter. 10.69% of the stock is currently owned by hedge funds and other institutional investors.
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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