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

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have received a consensus recommendation of “Hold” from the ten analysts that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $23.8750.

A number of brokerages have recently weighed in on SIRI. Benchmark restated a “buy” rating and issued a $30.00 target price (up previously from $28.00) on shares of Sirius XM in a research note on Friday, October 31st. Moffett Nathanson started coverage on Sirius XM in a report on Tuesday, January 27th. They set a “neutral” rating and a $21.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on Sirius XM from $19.00 to $20.00 and gave the stock an “underweight” rating in a research report on Friday, October 31st. Rosenblatt Securities reaffirmed a “neutral” rating and set a $23.00 target price on shares of Sirius XM in a research report on Monday, December 1st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Sirius XM in a research note on Monday, December 29th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC bought a new stake in shares of Sirius XM in the 4th quarter worth approximately $622,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Sirius XM by 11.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 925,313 shares of the company’s stock valued at $20,861,000 after purchasing an additional 92,111 shares during the period. Focus Partners Wealth increased its position in Sirius XM by 5.2% in the first quarter. Focus Partners Wealth now owns 16,273 shares of the company’s stock worth $367,000 after buying an additional 800 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of 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 during the period. Finally, Sivia Capital Partners LLC purchased a new position in shares of Sirius XM during the 2nd quarter valued at $208,000. 10.69% of the stock is owned by institutional investors.

Sirius XM Stock Up 1.4%

SIRI opened at $20.35 on Monday. Sirius XM has a fifty-two week low of $18.69 and a fifty-two week high of $27.41. The firm has a market capitalization of $6.85 billion, a P/E ratio of 7.19, a PEG ratio of 0.27 and a beta of 0.93. The company’s 50-day moving average is $20.94 and its 200 day moving average is $21.92. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.31 and a quick ratio of 0.31.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.05. Sirius XM had a net margin of 11.61% and a return on equity of 8.79%. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the prior year, the firm posted ($8.74) EPS. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Research analysts expect that Sirius XM will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Wednesday, February 11th will be given a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $1.08 annualized dividend and a yield of 5.3%. Sirius XM’s payout ratio is currently 38.16%.

Sirius XM News Roundup

Here are the key news stories impacting Sirius XM this week:

• Positive Sentiment: SiriusXM declared a quarterly cash dividend of $0.27 per share (annualized yield ~5.3%), payable Feb. 27 to holders of record Feb. 11; ex-dividend Feb. 11. This supports income investors and signals board confidence in cash flow. Read More.
• Positive Sentiment: The company appointed Eve Konstan (former Spotify general counsel) as EVP, Chief Legal Officer effective Feb. 9. Adding a senior media/tech legal executive may strengthen regulatory, content and M&A execution. Read More.
• Positive Sentiment: SiriusXM/FOX Sports Radio will have a strong presence around Super Bowl LX in San Francisco — a high-profile programming and ad-revenue opportunity that can boost listener engagement and short-term advertising/partnership revenue. Read More.
• Neutral Sentiment: Moffett Nathanson initiated research coverage of Sirius XM. New analyst coverage can increase visibility and trading liquidity; the near-term price impact depends on the published rating and estimates. Read More.
• Neutral Sentiment: SiriusXM was mentioned in a list of “cheap, safe” stocks (The Motley Fool piece). Positive press can attract value-oriented investors, but inclusion alone doesn’t change fundamentals. Read More.
• Negative Sentiment: The company agreed to a $28 million settlement in a telemarketing class-action matter; claims filing details and eligibility are being publicized. The cash outflow is modest relative to market cap but introduces near-term legal/administrative costs and headline risk. Read More. Read More. Read More.

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.