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.

Sirius XM (NASDAQ:SIRI) last announced its earnings results on Wednesday, October 25th. The company reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.02. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. Sirius XM had a negative return on equity of 93.51% and a net margin of 16.71%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 EPS. equities research analysts forecast that Sirius XM will post 0.19 EPS for the current fiscal year.

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.

Analyst Recommendations for Sirius XM (NASDAQ:SIRI)

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