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

Sirius XM Holdings Inc. (NASDAQ:SIRI) has received a consensus rating of “Reduce” from the fourteen brokerages that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $26.81.

Several equities analysts have recently commented on SIRI shares. Guggenheim decreased their price objective on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Seaport Res Ptn downgraded shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Barrington Research set a $28.00 price objective on shares of Sirius XM in a research note on Friday, January 31st. Morgan Stanley dropped their target price on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a report on Thursday, January 23rd. Finally, Rosenblatt Securities lowered their price target on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Monday, February 3rd.

Hedge Funds Weigh In On Sirius XM

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Putney Financial Group LLC acquired a new position in shares of Sirius XM during the fourth quarter worth $27,000. Union Bancaire Privee UBP SA acquired a new position in Sirius XM in the 4th quarter worth $26,000. First Command Advisory Services Inc. purchased a new position in Sirius XM in the 4th quarter valued at about $30,000. Geneos Wealth Management Inc. grew its stake in shares of Sirius XM by 574.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after acquiring an additional 1,144 shares in the last quarter. Finally, Itau Unibanco Holding S.A. increased its position in shares of Sirius XM by 255.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company’s stock worth $42,000 after acquiring an additional 1,321 shares during the last quarter. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Trading Down 3.1 %

Shares of Sirius XM stock opened at $21.83 on Friday. The firm’s 50-day moving average price is $23.66 and its 200 day moving average price is $25.12. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $7.40 billion, a PE ratio of -3.41, a P/E/G ratio of 0.79 and a beta of 1.06. Sirius XM has a twelve month low of $20.47 and a twelve month high of $41.60.

Sirius XM (NASDAQ:SIRI) last issued its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.20. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. On average, sell-side analysts predict that Sirius XM will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.95%. Sirius XM’s payout ratio is currently -16.85%.

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.