Sirius XM Holdings Inc. (NASDAQ:SIRI) Given Average Recommendation 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.com reports. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $24.4444.

SIRI has been the subject of several analyst reports. Weiss Ratings cut Sirius XM from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 6th. Barrington Research reaffirmed an “outperform” rating and issued a $28.00 price target on shares of Sirius XM in a research report on Thursday, February 5th. 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. Moffett Nathanson assumed coverage on Sirius XM in a research report on Tuesday, January 27th. They set a “neutral” rating and a $21.00 price objective for the company. Finally, Rosenblatt Securities upped their target price 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.

Sirius XM Stock Up 2.2%

Sirius XM stock opened at $22.47 on Tuesday. The firm has a market capitalization of $7.52 billion, a P/E ratio of 10.03, a P/E/G ratio of 0.38 and a beta of 0.92. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.75. Sirius XM has a twelve month low of $18.69 and a twelve month high of $24.92. The stock’s fifty day simple moving average is $21.35 and its 200-day simple moving average is $21.64.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 11th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.8%. The ex-dividend date was Wednesday, February 11th. Sirius XM’s payout ratio is 48.21%.

Institutional Investors Weigh In On Sirius XM

Hedge funds and other institutional investors have recently modified their holdings of the company. Rossby Financial LCC lifted its position in shares of Sirius XM by 57.7% during the 4th quarter. Rossby Financial LCC now owns 1,621 shares of the company’s stock worth $32,000 after purchasing an additional 593 shares during the last quarter. Sound Income Strategies LLC purchased a new position in Sirius XM in the third quarter valued at $33,000. Caitong International Asset Management Co. Ltd purchased a new position in Sirius XM in the fourth quarter valued at $40,000. Jessup Wealth Management Inc acquired a new stake in Sirius XM in the fourth quarter valued at $40,000. Finally, Geneos Wealth Management Inc. raised its stake in Sirius XM by 36.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock valued at $41,000 after buying an additional 493 shares in the last quarter. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Company Profile

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.