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

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have earned an average rating of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $30.9167.

A number of analysts have recently commented on SIRI shares. Rosenblatt Securities reiterated a “buy” rating and issued a $45.00 price target on shares of Sirius XM in a research note on Tuesday, July 28th. JPMorgan Chase & Co. raised their target price on shares of Sirius XM from $26.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $32.00 target price on shares of Sirius XM in a research report on Friday, August 7th. Evercore set a $28.00 price target on Sirius XM in a report on Friday, May 1st. Finally, Citigroup restated a “sell” rating and issued a $25.00 price target (up from $22.00) on shares of Sirius XM in a research note on Friday, July 31st.

Insider Transactions at Sirius XM

In other Sirius XM news, Director Jonelle Procope sold 16,672 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $29.97, for a total transaction of $499,659.84. Following the completion of the sale, the director directly owned 18,354 shares in the company, valued at $550,069.38. The trade was a 47.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.27% of the company’s stock.

Hedge Funds Weigh In On Sirius XM

Several institutional investors have recently made changes to their positions in SIRI. Valeo Financial Advisors LLC lifted its holdings in shares of Sirius XM by 3.2% during the second quarter. Valeo Financial Advisors LLC now owns 10,916 shares of the company’s stock worth $322,000 after purchasing an additional 340 shares during the period. Altshuler Shaham Ltd increased its holdings in Sirius XM by 36.7% in the 1st quarter. Altshuler Shaham Ltd now owns 1,553 shares of the company’s stock worth $36,000 after buying an additional 417 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Sirius XM by 33.7% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,837 shares of the company’s stock worth $55,000 after buying an additional 463 shares during the period. Geneos Wealth Management Inc. raised its position in Sirius XM by 36.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock worth $41,000 after buying an additional 493 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in Sirius XM by 5.4% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 9,862 shares of the company’s stock worth $291,000 after buying an additional 509 shares during the last quarter. Institutional investors own 10.69% of the company’s stock.

Sirius XM Trading Up 1.0%

Sirius XM stock opened at $28.73 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.46 and a quick ratio of 0.46. Sirius XM has a one year low of $19.76 and a one year high of $32.66. The stock has a market capitalization of $9.68 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 0.62 and a beta of 0.95. The business’s fifty day moving average is $29.62 and its 200 day moving average is $26.39.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.08). The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. Sirius XM had a return on equity of 9.37% and a net margin of 10.23%.Sirius XM’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 earnings per share. On average, sell-side analysts predict that Sirius XM will post 3.01 EPS for the current year.

Sirius XM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Monday, August 10th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a yield of 3.8%. Sirius XM’s dividend payout ratio is currently 43.20%.

About Sirius XM

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.