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

Sirius XM Holdings Inc. (NASDAQ:SIRI) has been assigned an average recommendation of “Hold” from the eleven research firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $27.4545.

Several brokerages have recently issued reports on SIRI. Evercore set a $28.00 target price on Sirius XM in a research report on Friday, May 1st. Rosenblatt Securities cut their price target on Sirius XM from $46.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. UBS Group set a $24.00 price target on Sirius XM in a research note on Tuesday, February 10th. Weiss Ratings upgraded Sirius XM from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Finally, Citigroup restated a “sell” rating and issued a $22.00 price target (up from $19.00) on shares of Sirius XM in a research note on Monday, May 4th.

Insider Buying and Selling at Sirius XM

In related news, insider Scott Andrew Greenstein sold 20,744 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $29.83, for a total value of $618,793.52. Following the sale, the insider owned 20,163 shares in the company, valued at $601,462.29. This represents a 50.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.27% of the stock is owned by insiders.

Institutional Trading of Sirius XM

Several hedge funds and other institutional investors have recently made changes to their positions in SIRI. Berkshire Hathaway Inc grew its stake in shares of Sirius XM by 4.2% in the 3rd quarter. Berkshire Hathaway Inc now owns 124,807,117 shares of the company’s stock worth $2,904,886,000 after buying an additional 5,030,425 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Sirius XM by 262.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,301,181 shares of the company’s stock worth $145,426,000 after buying an additional 4,560,821 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Sirius XM by 165.2% in the 2nd quarter. AQR Capital Management LLC now owns 5,191,440 shares of the company’s stock worth $117,327,000 after buying an additional 3,233,922 shares during the last quarter. Norges Bank purchased a new stake in Sirius XM during the 4th quarter valued at $57,124,000. Finally, Hsbc Holdings PLC boosted its stake in Sirius XM by 858.4% during the 4th quarter. Hsbc Holdings PLC now owns 2,076,539 shares of the company’s stock valued at $41,726,000 after purchasing an additional 1,859,872 shares during the last quarter. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Trading Down 2.8%

SIRI opened at $27.01 on Friday. Sirius XM has a one year low of $19.76 and a one year high of $30.11. The firm has a market capitalization of $9.09 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 0.58 and a beta of 0.96. The business has a 50 day simple moving average of $26.17 and a two-hundred day simple moving average of $22.97. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.44 and a quick ratio of 0.44.

Sirius XM (NASDAQ:SIRI) last announced its earnings results on Thursday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. Sirius XM had a return on equity of 9.19% and a net margin of 9.86%.The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the prior year, the company earned $0.59 EPS. The business’s revenue was up 1.1% compared to the same quarter last year. Analysts predict that Sirius XM will post 3.1 EPS for the current year.

Sirius XM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 11th were paid a $0.27 dividend. The ex-dividend date was Monday, May 11th. This represents a $1.08 annualized dividend and a dividend yield of 4.0%. Sirius XM’s dividend payout ratio is presently 45.57%.

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.