Sirius XM Holdings Inc. (NASDAQ:SIRI) has been assigned an average recommendation of “Buy” from the nineteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $6.01.
Several research analysts have commented on SIRI shares. B. Riley reaffirmed a “buy” rating on shares of Sirius XM in a report on Wednesday, November 1st. Bank of America set a $7.00 target price on Sirius XM and gave the stock a “buy” rating in a report on Thursday, October 12th. Piper Jaffray Companies set a $7.00 target price on Sirius XM and gave the stock a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research raised Sirius XM from a “sell” rating to a “buy” rating and set a $6.25 price objective on the stock in a research note on Friday, October 27th. Finally, Gabelli boosted their price objective on Sirius XM from $4.75 to $6.10 and gave the company a “buy” rating in a research note on Thursday, October 26th.
Shares of Sirius XM (NASDAQ SIRI) traded down $0.03 on Thursday, reaching $5.66. The company’s stock had a trading volume of 13,491,256 shares, compared to its average volume of 21,374,342. The firm has a market cap of $26,150.21, a P/E ratio of 31.61, a PEG ratio of 1.82 and a beta of 1.12. Sirius XM has a 52-week low of $4.40 and a 52-week high of $5.89. The company has a debt-to-equity ratio of -6.41, a current ratio of 0.19 and a quick ratio of 0.18.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 9th were given a $0.011 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.78%. This is a positive change from Sirius XM’s previous quarterly dividend of $0.01. The ex-dividend date was Wednesday, November 8th. Sirius XM’s payout ratio is presently 22.22%.
In related news, CEO James E. Meyer sold 172,704 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $5.68, for a total value of $980,958.72. Following the completion of the sale, the chief executive officer now directly owns 3,377,085 shares of the company’s stock, valued at approximately $19,181,842.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Patrick L. Donnelly sold 1,374,479 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $5.70, for a total value of $7,834,530.30. Following the sale, the executive vice president now directly owns 227,430 shares of the company’s stock, valued at $1,296,351. The disclosure for this sale can be found here. Insiders own 1.06% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Macquarie Group Ltd. increased its holdings in Sirius XM by 476.2% during the 2nd quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock worth $101,000 after purchasing an additional 15,200 shares in the last quarter. Pitcairn Co. increased its holdings in Sirius XM by 1.3% during the 2nd quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock worth $102,000 after purchasing an additional 237 shares in the last quarter. Colony Group LLC bought a new stake in Sirius XM during the 2nd quarter worth approximately $102,000. Toronto Dominion Bank increased its holdings in Sirius XM by 9.7% during the 2nd quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock worth $111,000 after purchasing an additional 1,799 shares in the last quarter. Finally, Kalos Management Inc. bought a new stake in Sirius XM during the 3rd quarter worth approximately $114,000. 19.65% of the stock is owned by hedge funds and other institutional investors.
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Sirius XM Company Profile
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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