BidaskClub downgraded shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) from a strong-buy rating to a buy rating in a research report released on Friday.

Several other equities research analysts have also commented on SIRI. Vetr lowered Sirius XM Holdings from a strong-buy rating to a buy rating and set a $6.06 price objective on the stock. in a research report on Monday, July 17th. Barclays PLC set a $5.00 price objective on Sirius XM Holdings and gave the stock a hold rating in a research report on Sunday, April 30th. Macquarie restated a buy rating and issued a $6.00 price objective (up previously from $5.65) on shares of Sirius XM Holdings in a research report on Thursday, July 27th. Zacks Investment Research upgraded Sirius XM Holdings from a sell rating to a hold rating in a research report on Wednesday, July 12th. Finally, Bank of America Corp reiterated a buy rating and set a $5.50 target price on shares of Sirius XM Holdings in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $5.56.

Sirius XM Holdings (SIRI) opened at 5.86 on Friday. The company has a 50 day moving average of $5.39 and a 200-day moving average of $5.11. The stock has a market cap of $27.03 billion, a P/E ratio of 34.47 and a beta of 1.11. Sirius XM Holdings has a 12-month low of $4.05 and a 12-month high of $5.89.

Sirius XM Holdings (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.04 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04. Sirius XM Holdings had a net margin of 15.47% and a negative return on equity of 99.07%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company earned $0.04 EPS. Sirius XM Holdings’s quarterly revenue was up 9.1% on a year-over-year basis. Equities analysts forecast that Sirius XM Holdings will post $0.18 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Tuesday, August 8th. Sirius XM Holdings’s payout ratio is presently 25.00%.

A number of large investors have recently bought and sold shares of the company. Miracle Mile Advisors LLC boosted its stake in shares of Sirius XM Holdings by 1.5% in the first quarter. Miracle Mile Advisors LLC now owns 19,880 shares of the company’s stock valued at $102,000 after buying an additional 300 shares in the last quarter. Altfest L J & Co. Inc. purchased a new position in Sirius XM Holdings during the first quarter worth $105,000. Greenwich Wealth Management LLC purchased a new position in Sirius XM Holdings during the first quarter worth $108,000. Concorde Asset Management LLC purchased a new position in Sirius XM Holdings during the first quarter worth $128,000. Finally, TrimTabs Asset Management LLC boosted its position in Sirius XM Holdings by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 25,348 shares of the company’s stock worth $131,000 after buying an additional 11,928 shares during the period. Hedge funds and other institutional investors own 22.03% of the company’s stock.

About Sirius XM Holdings

Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.

Analyst Recommendations for Sirius XM Holdings (NASDAQ:SIRI)

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