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

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have been assigned a consensus rating of “Reduce” from the fourteen research firms that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $28.96.

Several research firms recently weighed in on SIRI. Benchmark reissued a “buy” rating and issued a $43.00 target price on shares of Sirius XM in a research note on Tuesday, October 15th. Morgan Stanley reissued an “underweight” rating and issued a $23.00 target price on shares of Sirius XM in a research note on Tuesday, September 24th. Barrington Research reissued an “outperform” rating and issued a $40.00 target price on shares of Sirius XM in a research note on Monday, November 4th. JPMorgan Chase & Co. raised their target price on shares of Sirius XM from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. Finally, Guggenheim cut shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th.

Sirius XM Stock Down 2.4 %

NASDAQ SIRI opened at $26.50 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. Sirius XM has a 12-month low of $22.18 and a 12-month high of $57.80. The firm’s 50 day moving average is $25.74 and its 200-day moving average is $29.13.

Sirius XM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 5th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend is Tuesday, November 5th. This is an increase from Sirius XM’s previous quarterly dividend of $0.27. Sirius XM’s payout ratio is -17.03%.

Insider Activity at Sirius XM

In related news, major shareholder Berkshire Hathaway Inc purchased 175,569 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was acquired at an average price of $27.43 per share, with a total value of $4,815,857.67. Following the completion of the purchase, the insider now directly owns 110,276,790 shares in the company, valued at $3,024,892,349.70. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased a total of 2,646,761 shares of company stock valued at $65,952,329 over the last quarter. 0.79% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC grew its holdings in shares of Sirius XM by 239.2% during the first quarter. Janney Montgomery Scott LLC now owns 181,072 shares of the company’s stock worth $703,000 after purchasing an additional 127,689 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Sirius XM by 152.5% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 20,460 shares of the company’s stock worth $79,000 after purchasing an additional 12,358 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Sirius XM during the first quarter worth about $48,000. SG Americas Securities LLC grew its holdings in shares of Sirius XM by 516.5% during the first quarter. SG Americas Securities LLC now owns 1,601,048 shares of the company’s stock worth $6,212,000 after purchasing an additional 1,341,352 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of Sirius XM by 25.8% during the first quarter. ProShare Advisors LLC now owns 3,747,881 shares of the company’s stock worth $14,542,000 after purchasing an additional 768,570 shares during the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Company Profile

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company’s Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.