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

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have received an average recommendation of “Hold” from the ten analysts that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $24.4444.

A number of research firms have recently commented on SIRI. UBS Group set a $24.00 price target on shares of Sirius XM in a report on Tuesday, February 10th. Weiss Ratings downgraded shares of Sirius XM from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 6th. Rosenblatt Securities lifted their price target on shares of Sirius XM from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Barrington Research reissued an “outperform” rating and issued a $28.00 price objective on shares of Sirius XM in a research note on Thursday, February 5th. Finally, JPMorgan Chase & Co. upgraded Sirius XM from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $20.00 to $24.00 in a report on Tuesday, February 10th.

Sirius XM Trading Up 1.2%

Shares of NASDAQ SIRI opened at $22.21 on Friday. Sirius XM has a fifty-two week low of $18.69 and a fifty-two week high of $25.35. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market cap of $7.44 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 0.38 and a beta of 0.92. The business’s 50 day moving average price is $20.93 and its 200-day moving average price is $21.72.

Sirius XM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 11th were paid a dividend of $0.27 per share. The ex-dividend date was Wednesday, February 11th. This represents a $1.08 annualized dividend and a dividend yield of 4.9%. Sirius XM’s dividend payout ratio (DPR) is currently 48.21%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SIRI. Brighton Jones LLC purchased a new stake in shares of Sirius XM in the 4th quarter worth approximately $622,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Sirius XM by 11.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 925,313 shares of the company’s stock worth $20,861,000 after acquiring an additional 92,111 shares in the last quarter. Focus Partners Wealth raised its position in shares of Sirius XM by 5.2% in the 1st quarter. Focus Partners Wealth now owns 16,273 shares of the company’s stock worth $367,000 after acquiring an additional 800 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of 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 purchasing an additional 493 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in Sirius XM during the second quarter valued at about $208,000. 10.69% of the stock is currently owned by institutional investors.

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.