Sirius XM Holdings Inc. (NASDAQ:SIRI) has been assigned a consensus rating of “Buy” from the seventeen ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $5.82.

A number of brokerages have weighed in on SIRI. Vetr raised Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.31 target price on the stock in a report on Monday. BidaskClub raised Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 3rd. Barclays PLC set a $5.00 target price on Sirius XM Holdings and gave the company a “hold” rating in a report on Sunday, April 30th. Zacks Investment Research downgraded Sirius XM Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Citigroup Inc. raised their target price on Sirius XM Holdings from $5.50 to $6.65 and gave the company a “buy” rating in a report on Monday.

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Sirius XM Holdings (NASDAQ:SIRI) traded up 1.27% during trading on Friday, reaching $5.57. The company’s stock had a trading volume of 18,489,569 shares. The stock has a market cap of $25.69 billion, a P/E ratio of 32.76 and a beta of 1.11. The company’s 50 day moving average price is $5.48 and its 200-day moving average price is $5.15. Sirius XM Holdings has a 1-year low of $4.05 and a 1-year high of $5.89.

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 Zacks’ consensus estimate of $0.04. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 EPS. Equities analysts forecast that Sirius XM Holdings will post $0.18 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.72%. The ex-dividend date is Tuesday, August 8th. Sirius XM Holdings’s payout ratio is presently 25.00%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its position in shares of Sirius XM Holdings by 3.9% in the first quarter. Janney Montgomery Scott LLC now owns 71,552 shares of the company’s stock valued at $368,000 after buying an additional 2,664 shares during the last quarter. UBS Group AG increased its position in shares of Sirius XM Holdings by 12.1% in the first quarter. UBS Group AG now owns 1,114,285 shares of the company’s stock valued at $5,739,000 after buying an additional 119,915 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Sirius XM Holdings by 220.0% in the first quarter. Daiwa Securities Group Inc. now owns 164,500 shares of the company’s stock valued at $847,000 after buying an additional 113,100 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of Sirius XM Holdings by 14.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 4,545,321 shares of the company’s stock valued at $24,863,000 after buying an additional 577,179 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sirius XM Holdings during the first quarter valued at approximately $770,000. 22.30% of the stock is currently owned by hedge funds and other institutional investors.

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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