Sirius XM Holdings Inc. (NASDAQ:SIRI) Given Average Rating of “Hold” by Brokerages

Sirius XM Holdings Inc. (NASDAQ:SIRI) has received an average rating of “Hold” from the ten brokerages that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $24.4444.

Several brokerages have recently issued reports on SIRI. JPMorgan Chase & Co. upgraded Sirius XM from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $20.00 to $24.00 in a research note on Tuesday, February 10th. Benchmark reaffirmed a “buy” rating and issued a $30.00 target price (up from $28.00) on shares of Sirius XM in a report on Friday, October 31st. Rosenblatt Securities lifted their price target on shares of Sirius XM from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Moffett Nathanson started coverage on shares of Sirius XM in a report on Tuesday, January 27th. They set a “neutral” rating and a $21.00 price target for the company. Finally, Weiss Ratings lowered shares of Sirius XM from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 6th.

Sirius XM Trading Up 2.9%

SIRI opened at $21.52 on Friday. The business has a fifty day moving average price of $20.85 and a 200 day moving average price of $21.73. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.30 and a quick ratio of 0.30. Sirius XM has a 12 month low of $18.69 and a 12 month high of $25.35. The stock has a market capitalization of $7.20 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 0.36 and a beta of 0.93.

Sirius XM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Wednesday, February 11th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Wednesday, February 11th. Sirius XM’s dividend payout ratio is 48.21%.

Institutional Trading of Sirius XM

A number of institutional investors have recently bought and sold shares of SIRI. Alpine Global Management LLC increased its holdings in shares of Sirius XM by 7.1% in the 4th quarter. Alpine Global Management LLC now owns 26,817 shares of the company’s stock valued at $536,000 after acquiring an additional 1,778 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in Sirius XM during the fourth quarter worth approximately $34,548,000. Invesco Ltd. boosted its holdings in Sirius XM by 33.2% in the fourth quarter. Invesco Ltd. now owns 348,053 shares of the company’s stock valued at $6,959,000 after purchasing an additional 86,729 shares in the last quarter. Corient Private Wealth LLC increased its stake in Sirius XM by 16.3% in the fourth quarter. Corient Private Wealth LLC now owns 35,632 shares of the company’s stock valued at $713,000 after purchasing an additional 4,984 shares during the last quarter. Finally, Jacobs Equity LLC purchased a new position in Sirius XM in the fourth quarter valued at approximately $510,000. 10.69% of the stock is owned by hedge funds and other institutional investors.

About Sirius XM

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.