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

Sirius XM Holdings Inc. (NASDAQ:SIRI) has been assigned a consensus rating of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $27.4545.

SIRI has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Sirius XM from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, May 1st. JPMorgan Chase & Co. raised their price objective on shares of Sirius XM from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Citigroup restated a “sell” rating and issued a $22.00 price objective (up from $19.00) on shares of Sirius XM in a report on Monday, May 4th. Guggenheim restated a “buy” rating and issued a $34.00 price objective (up from $29.00) on shares of Sirius XM in a report on Friday, April 24th. Finally, Evercore set a $28.00 price objective on shares of Sirius XM in a report on Friday, May 1st.

Insider Activity

In other news, insider Scott Andrew Greenstein sold 20,744 shares of Sirius XM stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $29.83, for a total transaction of $618,793.52. Following the completion of the transaction, the insider directly owned 20,163 shares in the company, valued at approximately $601,462.29. This trade represents a 50.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.27% of the company’s stock.

Hedge Funds Weigh In On Sirius XM

Several large investors have recently made changes to their positions in SIRI. Sunbelt Securities Inc. lifted its holdings in shares of Sirius XM by 158.5% during the first quarter. Sunbelt Securities Inc. now owns 1,295 shares of the company’s stock valued at $30,000 after purchasing an additional 794 shares during the last quarter. Root Financial Partners LLC lifted its holdings in shares of Sirius XM by 612.8% during the first quarter. Root Financial Partners LLC now owns 1,390 shares of the company’s stock valued at $32,000 after purchasing an additional 1,195 shares during the last quarter. Rossby Financial LCC lifted its holdings in shares of Sirius XM by 57.7% during the fourth quarter. Rossby Financial LCC now owns 1,621 shares of the company’s stock valued at $32,000 after purchasing an additional 593 shares during the last quarter. Western Wealth Management LLC purchased a new position in shares of Sirius XM during the first quarter valued at approximately $33,000. Finally, Altshuler Shaham Ltd lifted its holdings in shares of Sirius XM by 36.7% during the first quarter. Altshuler Shaham Ltd now owns 1,553 shares of the company’s stock valued at $36,000 after purchasing an additional 417 shares during the last quarter. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Stock Performance

Sirius XM stock opened at $27.52 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.83. The firm has a 50-day moving average of $26.63 and a 200-day moving average of $23.21. The firm has a market cap of $9.26 billion, a P/E ratio of 11.61, a P/E/G ratio of 0.59 and a beta of 0.96. Sirius XM has a 1-year low of $19.76 and a 1-year high of $30.11.

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

Sirius XM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 11th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.9%. Sirius XM’s dividend payout ratio (DPR) is currently 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.