Brokerages Set Sirius XM Holdings Inc. (NASDAQ:SIRI) Target Price at $27.45

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have been given a consensus rating of “Hold” by the eleven analysts that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $27.4545.

A number of analysts recently issued reports on SIRI shares. Guggenheim restated a “buy” rating on shares of Sirius XM in a report on Wednesday, June 17th. Rosenblatt Securities reduced their target price on shares of Sirius XM from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. Evercore set a $28.00 target price on shares of Sirius XM in a research report on Friday, May 1st. JPMorgan Chase & Co. raised their price target on shares of Sirius XM from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, Barrington Research lifted their price target on shares of Sirius XM from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, May 4th.

Sirius XM Stock Performance

NASDAQ:SIRI traded up $0.63 during trading on Thursday, reaching $31.38. The company’s stock had a trading volume of 689,936 shares, compared to its average volume of 5,217,987. The firm has a market cap of $10.56 billion, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 0.66 and a beta of 0.95. 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 50 day moving average of $27.83 and a 200-day moving average of $23.98. Sirius XM has a 12 month low of $19.76 and a 12 month high of $31.39.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, April 30th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Sirius XM had a return on equity of 9.19% and a net margin of 9.86%.The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 EPS. Research analysts expect that Sirius XM will post 3.1 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 11th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Monday, May 11th. Sirius XM’s dividend payout ratio is presently 45.57%.

Insider Buying and Selling

In related 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 value 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. The trade was a 50.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.27% of the company’s stock.

Hedge Funds Weigh In On Sirius XM

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

Sirius XM Company Profile

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.