Sirius XM Holdings Inc. (NASDAQ:SIRI) Receives Average Recommendation of “Hold” from Brokerages

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have received a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $27.4545.

A number of equities analysts have commented on SIRI shares. Guggenheim restated a “buy” rating on shares of Sirius XM in a research note on Wednesday, June 17th. Rosenblatt Securities dropped their price target on Sirius XM from $46.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Evercore set a $28.00 price target on Sirius XM in a report on Friday, May 1st. Weiss Ratings upgraded Sirius XM from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Finally, Citigroup restated a “sell” rating and set a $22.00 price objective (up from $19.00) on shares of Sirius XM in a research note on Monday, May 4th.

Sirius XM Trading Up 1.4%

Sirius XM stock opened at $29.95 on Thursday. The firm’s 50-day moving average is $27.70 and its 200-day moving average is $23.86. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.44 and a current ratio of 0.44. Sirius XM has a 1 year low of $19.76 and a 1 year high of $30.32. The company has a market cap of $10.08 billion, a P/E ratio of 12.64, a PEG ratio of 0.64 and a beta of 0.95.

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

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 11th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 annualized dividend and a dividend yield of 3.6%. Sirius XM’s payout ratio is 45.57%.

Insider Activity at Sirius XM

In related news, insider Scott Andrew Greenstein sold 20,744 shares of Sirius XM stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $29.83, for a total value of $618,793.52. Following the sale, the insider directly owned 20,163 shares in the company, valued at $601,462.29. This trade represents a 50.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.27% of the company’s stock.

Institutional Investors Weigh In On Sirius XM

Several large investors have recently made changes to their positions in the company. Berkshire Hathaway Inc raised its holdings in shares of Sirius XM by 4.2% during the third quarter. Berkshire Hathaway Inc now owns 124,807,117 shares of the company’s stock valued at $2,904,886,000 after buying an additional 5,030,425 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Sirius XM by 262.1% during the first 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 period. AQR Capital Management LLC grew its holdings in 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 in the last quarter. State Street Corp grew its holdings in Sirius XM by 0.7% in the 4th quarter. State Street Corp now owns 3,487,415 shares of the company’s stock worth $69,731,000 after buying an additional 25,906 shares in the last quarter. Finally, Check Capital Management Inc. CA increased its position in Sirius XM by 2.0% in the 1st quarter. Check Capital Management Inc. CA now owns 2,942,595 shares of the company’s stock valued at $67,915,000 after acquiring an additional 59,095 shares during the period. Institutional investors and hedge funds own 10.69% of the company’s stock.

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.