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

Sirius XM Holdings Inc. (NASDAQ:SIRI) has received an average rating of “Hold” from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $27.4545.

A number of equities analysts have recently issued reports on the stock. Evercore set a $28.00 price objective on shares of Sirius XM in a research note 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 research note on Monday, May 4th. Rosenblatt Securities dropped their price objective on shares of Sirius XM from $46.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. increased their price objective on shares of Sirius XM from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Finally, Weiss Ratings upgraded shares of Sirius XM from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, May 1st.

Sirius XM Trading Down 0.2%

Shares of SIRI stock opened at $26.05 on Wednesday. Sirius XM has a 52-week low of $19.76 and a 52-week high of $28.77. The stock has a market cap of $8.77 billion, a price-to-earnings ratio of 10.99, a P/E/G ratio of 0.56 and a beta of 0.94. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.44 and a current ratio of 0.44. The firm has a fifty day moving average of $24.50 and a 200-day moving average of $22.35.

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

Sirius XM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Monday, May 11th will be given a dividend of $0.27 per share. The ex-dividend date is Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.1%. Sirius XM’s dividend payout ratio (DPR) is 45.57%.

Institutional Investors Weigh In On Sirius XM

Hedge funds have recently made changes to their positions in the company. Sunbelt Securities Inc. increased its position in shares of Sirius XM by 158.5% during the 1st quarter. Sunbelt Securities Inc. now owns 1,295 shares of the company’s stock worth $30,000 after purchasing an additional 794 shares in the last quarter. Root Financial Partners LLC increased its position in shares of Sirius XM by 612.8% during the 1st quarter. Root Financial Partners LLC now owns 1,390 shares of the company’s stock worth $32,000 after purchasing an additional 1,195 shares in the last quarter. Western Wealth Management LLC acquired a new stake in shares of Sirius XM during the 1st quarter worth about $33,000. Altshuler Shaham Ltd increased its position in shares of Sirius XM by 36.7% during the 1st quarter. Altshuler Shaham Ltd now owns 1,553 shares of the company’s stock worth $36,000 after purchasing an additional 417 shares in the last quarter. Finally, Rossby Financial LCC increased its position in shares of Sirius XM by 57.7% during the 4th quarter. Rossby Financial LCC now owns 1,621 shares of the company’s stock worth $32,000 after purchasing an additional 593 shares in the last quarter. 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.