Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have earned an average recommendation of “Hold” from the twenty brokerages that are currently covering the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $4.72.

A number of equities research analysts recently weighed in on the company. Pacific Crest restated a “hold” rating on shares of Sirius XM Holdings in a research note on Wednesday, July 27th. TheStreet upgraded Sirius XM Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, July 26th. RBC Capital Markets reiterated a “sector perform” rating and set a $4.75 price objective (up previously from $4.25) on shares of Sirius XM Holdings in a research report on Wednesday, July 27th. Zacks Investment Research cut Sirius XM Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 4th. Finally, Royal Bank Of Canada increased their price objective on Sirius XM Holdings from $4.25 to $4.75 and gave the stock a “sector perform” rating in a research report on Wednesday, July 27th.

Hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. raised its stake in shares of Sirius XM Holdings by 3.3% in the second quarter. American Century Companies Inc. now owns 52,174,232 shares of the company’s stock worth $206,088,000 after buying an additional 1,668,713 shares during the last quarter. General Electric Co. raised its stake in shares of Sirius XM Holdings by 3.2% in the second quarter. General Electric Co. now owns 22,710,105 shares of the company’s stock worth $89,705,000 after buying an additional 714,474 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Sirius XM Holdings by 61.7% in the second quarter. JPMorgan Chase & Co. now owns 21,962,783 shares of the company’s stock worth $86,753,000 after buying an additional 8,381,053 shares during the last quarter. Norges Bank purchased a new stake in shares of Sirius XM Holdings during the fourth quarter worth approximately $69,421,000. Finally, RS Investment Management Co. LLC raised its stake in shares of Sirius XM Holdings by 0.8% in the second quarter. RS Investment Management Co. LLC now owns 15,275,040 shares of the company’s stock worth $60,336,000 after buying an additional 124,330 shares during the last quarter. 20.82% of the stock is currently owned by hedge funds and other institutional investors.

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Sirius XM Holdings (NASDAQ:SIRI) traded up 0.363% on Wednesday, hitting $4.145. The company had a trading volume of 18,855,057 shares. The firm has a 50-day moving average price of $4.18 and a 200-day moving average price of $4.03. The firm has a market capitalization of $20.22 billion, a PE ratio of 34.542 and a beta of 1.41. Sirius XM Holdings has a 12-month low of $3.29 and a 12-month high of $4.44.

Sirius XM Holdings (NASDAQ:SIRI) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by $0.01. Sirius XM Holdings had a net margin of 13.44% and a negative return on equity of 179.05%. The business earned $1.20 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company posted $0.03 EPS. The firm’s revenue was up 10.0% on a year-over-year basis. On average, equities research analysts anticipate that Sirius XM Holdings will post $0.14 earnings per share for the current fiscal year.

About Sirius XM Holdings

Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.

5 Day Chart for NASDAQ:SIRI

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