Sirius XM Holdings Inc. (NASDAQ:SIRI) had its target price increased by analysts at Citigroup Inc. from $5.50 to $6.65 in a research note issued on Monday. The brokerage currently has a “buy” rating on the stock. Citigroup Inc.’s target price would suggest a potential upside of 18.75% from the company’s previous close.

A number of other research firms have also recently weighed in on SIRI. Barclays PLC set a $5.00 price objective on shares of Sirius XM Holdings and gave the stock a “hold” rating in a report on Sunday, April 30th. FBR & Co reissued an “outperform” rating and set a $6.00 price objective (up previously from $5.70) on shares of Sirius XM Holdings in a report on Sunday, July 30th. Vetr cut shares of Sirius XM Holdings from a “strong-buy” rating to a “buy” rating and set a $6.06 price objective on the stock. in a report on Monday, July 17th. Finally, Zacks Investment Research cut shares of Sirius XM Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $5.73.

Sirius XM Holdings (NASDAQ SIRI) traded up 0.72% during mid-day trading on Monday, reaching $5.60. 14,016,536 shares of the company’s stock traded hands. Sirius XM Holdings has a 52 week low of $4.05 and a 52 week high of $5.89. The stock’s 50 day moving average is $5.40 and its 200-day moving average is $5.11. The stock has a market capitalization of $25.83 billion, a PE ratio of 32.94 and a beta of 1.11.

Sirius XM Holdings (NASDAQ:SIRI) last issued its earnings results on Thursday, July 27th. The company reported $0.04 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. Sirius XM Holdings had a net margin of 15.47% and a negative return on equity of 99.07%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the company earned $0.04 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. On average, equities analysts anticipate that Sirius XM Holdings will post $0.18 EPS for the current year.

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A number of institutional investors have recently bought and sold shares of SIRI. BlackRock Inc. raised its position in Sirius XM Holdings by 3,534.6% in the first quarter. BlackRock Inc. now owns 82,131,614 shares of the company’s stock worth $422,980,000 after buying an additional 79,871,880 shares during the period. Old Mutual Global Investors UK Ltd. purchased a new position in Sirius XM Holdings during the first quarter worth $55,871,000. Acadian Asset Management LLC purchased a new position in Sirius XM Holdings during the first quarter worth $29,739,000. Credit Agricole S A raised its position in Sirius XM Holdings by 641.1% in the first quarter. Credit Agricole S A now owns 6,219,924 shares of the company’s stock worth $32,032,000 after buying an additional 5,380,619 shares during the period. Finally, FMR LLC raised its position in Sirius XM Holdings by 12.8% in the first quarter. FMR LLC now owns 41,962,057 shares of the company’s stock worth $216,105,000 after buying an additional 4,772,837 shares during the period. Hedge funds and other institutional investors own 22.30% of the company’s stock.

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.

Analyst Recommendations for Sirius XM Holdings (NASDAQ:SIRI)

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