Sirius XM Holdings Inc. (SIRI) Receives Consensus Rating of “Hold” from Analysts
Sirius XM Holdings Inc. (NASDAQ:SIRI) has been given an average rating of “Hold” by the eighteen brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $5.29.
Several research firms recently issued reports on SIRI. Vetr downgraded Sirius XM Holdings from a “hold” rating to a “sell” rating and set a $5.12 target price on the stock. in a research report on Monday, June 5th. BidaskClub raised Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 1st. Zacks Investment Research raised Sirius XM Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Barclays PLC downgraded Sirius XM Holdings from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $5.16 to $4.90 in a research report on Wednesday, March 22nd.
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Hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its stake in Sirius XM Holdings by 3.9% in the first quarter. Janney Montgomery Scott LLC now owns 71,552 shares of the company’s stock worth $368,000 after buying an additional 2,664 shares during the last quarter. UBS Group AG increased its stake in Sirius XM Holdings by 12.1% in the first quarter. UBS Group AG now owns 1,114,285 shares of the company’s stock worth $5,739,000 after buying an additional 119,915 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Sirius XM Holdings by 220.0% in the first quarter. Daiwa Securities Group Inc. now owns 164,500 shares of the company’s stock worth $847,000 after buying an additional 113,100 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Sirius XM Holdings during the first quarter worth approximately $770,000. Finally, Teachers Advisors LLC increased its stake in Sirius XM Holdings by 4.7% in the fourth quarter. Teachers Advisors LLC now owns 1,624,206 shares of the company’s stock worth $7,228,000 after buying an additional 72,901 shares during the last quarter. Institutional investors own 22.14% of the company’s stock.
Sirius XM Holdings (NASDAQ SIRI) traded down 0.36% during trading on Monday, hitting $5.46. The stock had a trading volume of 10,140,090 shares. The company’s 50 day moving average is $5.16 and its 200 day moving average is $4.96. The firm has a market cap of $25.47 billion, a PE ratio of 34.12 and a beta of 1.11. Sirius XM Holdings has a 52-week low of $4.05 and a 52-week high of $5.53.
Sirius XM Holdings (NASDAQ:SIRI) last released its earnings results on Thursday, April 27th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. Sirius XM Holdings had a negative return on equity of 104.00% and a net margin of 15.24%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the firm earned $0.03 EPS. The firm’s revenue was up 7.7% on a year-over-year basis. Equities research analysts forecast that Sirius XM Holdings will post $0.18 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Tuesday, August 8th. Sirius XM Holdings’s dividend payout ratio is presently 26.67%.
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.
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