Sirius XM (NASDAQ:SIRI) Given “Outperform” Rating at Barrington Research

Sirius XM (NASDAQ:SIRI)‘s stock had its “outperform” rating reaffirmed by analysts at Barrington Research in a research note issued to investors on Thursday,Benzinga reports. They currently have a $30.00 price target on the stock. Barrington Research’s price target suggests a potential upside of 24.95% from the stock’s current price.

Several other research firms have also commented on SIRI. Seaport Res Ptn lowered Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. StockNews.com started coverage on Sirius XM in a research note on Wednesday, November 13th. They set a “sell” rating on the stock. Benchmark reiterated a “buy” rating and set a $43.00 price objective on shares of Sirius XM in a research note on Tuesday, October 15th. Rosenblatt Securities lifted their target price on Sirius XM from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company cut their price target on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a report on Thursday, December 19th. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.35.

Sirius XM Stock Performance

Shares of SIRI opened at $24.01 on Thursday. The stock has a market cap of $8.14 billion, a price-to-earnings ratio of -3.79, a PEG ratio of 1.11 and a beta of 1.05. Sirius XM has a 52 week low of $20.47 and a 52 week high of $53.50. The business has a 50-day simple moving average of $23.66 and a two-hundred day simple moving average of $26.94. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.20. Sirius XM had a positive return on equity of 68.38% and a negative net margin of 23.02%. On average, analysts expect that Sirius XM will post -6 EPS for the current year.

Hedge Funds Weigh In On Sirius XM

Several institutional investors have recently bought and sold shares of SIRI. Dimensional Fund Advisors LP grew its position in shares of Sirius XM by 8.9% during the second quarter. Dimensional Fund Advisors LP now owns 4,333,792 shares of the company’s stock worth $12,260,000 after buying an additional 353,860 shares in the last quarter. AQR Capital Management LLC raised its holdings in Sirius XM by 14.5% during the second quarter. AQR Capital Management LLC now owns 3,866,444 shares of the company’s stock worth $10,807,000 after purchasing an additional 490,761 shares in the last quarter. Sessa Capital IM L.P. acquired a new stake in shares of Sirius XM during the third quarter worth about $77,983,000. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Sirius XM in the 3rd quarter valued at about $67,598,000. Finally, Seizert Capital Partners LLC acquired a new stake in shares of Sirius XM in the third quarter valued at approximately $46,173,000. 10.69% of the stock is owned by institutional investors and hedge funds.

About Sirius XM

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.