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

Sirius XM Holdings Inc. (NASDAQ:SIRI) has been assigned a consensus recommendation of “Hold” from the ten analysts that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $24.2857.

A number of research firms recently commented on SIRI. Weiss Ratings reissued a “hold (c-)” rating on shares of Sirius XM in a research note on Monday, December 29th. Rosenblatt Securities reiterated a “neutral” rating and set a $23.00 price objective on shares of Sirius XM in a research report on Monday, December 1st. JPMorgan Chase & Co. boosted their target price on Sirius XM from $19.00 to $20.00 and gave the stock an “underweight” rating in a research report on Friday, October 31st. Benchmark reaffirmed 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. Finally, Barrington Research reissued an “outperform” rating and set a $28.00 price target on shares of Sirius XM in a research note on Monday, November 3rd.

Sirius XM Trading Down 3.8%

Shares of SIRI opened at $20.96 on Thursday. Sirius XM has a 1-year low of $18.69 and a 1-year high of $27.41. The company has a market capitalization of $7.05 billion, a P/E ratio of 7.41, a P/E/G ratio of 0.29 and a beta of 0.93. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.31 and a quick ratio of 0.31. The firm’s 50 day simple moving average is $21.18 and its 200 day simple moving average is $22.25.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.05. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Sirius XM had a net margin of 11.61% and a return on equity of 8.79%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($8.74) EPS. Sell-side analysts forecast that Sirius XM will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Wednesday, November 5th were paid a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, November 5th. This represents a $1.08 annualized dividend and a yield of 5.2%. Sirius XM’s payout ratio is currently 38.16%.

Insider Transactions at Sirius XM

In other news, Director Kristina Salen sold 1,845 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $21.64, for a total transaction of $39,925.80. Following the transaction, the director directly owned 19,969 shares of the company’s stock, valued at approximately $432,129.16. This trade represents a 8.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.79% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sirius XM

Institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC purchased a new stake in Sirius XM in the fourth quarter worth about $622,000. Ninety One UK Ltd grew its holdings in shares of Sirius XM by 78.3% during the 2nd quarter. Ninety One UK Ltd now owns 342,090 shares of the company’s stock worth $7,858,000 after acquiring an additional 150,261 shares during the period. Hsbc Holdings PLC raised its position in shares of Sirius XM by 779.4% in the 2nd quarter. Hsbc Holdings PLC now owns 115,237 shares of the company’s stock worth $2,639,000 after acquiring an additional 102,133 shares in the last quarter. Tweedy Browne Co LLC purchased a new position in shares of Sirius XM in the 2nd quarter valued at approximately $289,000. Finally, CX Institutional boosted its position in shares of Sirius XM by 58.9% during the second quarter. CX Institutional now owns 220,371 shares of the company’s stock valued at $5,062,000 after purchasing an additional 81,722 shares in the last quarter. 10.69% of the stock is currently 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.