Sirius XM Holdings Inc (NASDAQ:SIRI) has received a consensus recommendation of “Hold” from the sixteen research firms that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $7.23.

Several equities analysts have issued reports on the company. Zacks Investment Research downgraded Sirius XM from a “buy” rating to a “hold” rating in a research report on Monday, November 26th. B. Riley reissued a “buy” rating on shares of Sirius XM in a research note on Tuesday, January 29th. Buckingham Research raised Sirius XM from a “neutral” rating to a “buy” rating in a research note on Monday, January 28th. Pivotal Research reissued a “hold” rating and issued a $7.00 target price on shares of Sirius XM in a research note on Wednesday, October 24th. Finally, BidaskClub cut Sirius XM from a “buy” rating to a “hold” rating in a research note on Friday, January 25th.

SIRI traded up $0.11 during trading on Tuesday, hitting $6.03. The company’s stock had a trading volume of 21,061,421 shares, compared to its average volume of 28,492,643. Sirius XM has a 12 month low of $5.48 and a 12 month high of $7.70. The company has a market cap of $27.09 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 2.33 and a beta of 1.04.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Wednesday, January 30th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. Sirius XM had a negative return on equity of 76.76% and a net margin of 20.38%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company posted ($0.01) EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, sell-side analysts forecast that Sirius XM will post 0.22 EPS for the current fiscal year.

Sirius XM announced that its board has approved a stock buyback plan on Tuesday, January 29th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the company to purchase up to 7.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Monday, February 11th will be paid a $0.0121 dividend. The ex-dividend date is Friday, February 8th. This represents a $0.05 annualized dividend and a dividend yield of 0.80%. Sirius XM’s dividend payout ratio (DPR) is currently 19.23%.

In related news, EVP Stephen Cook sold 56,118 shares of Sirius XM stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $6.13, for a total transaction of $344,003.34. Following the completion of the sale, the executive vice president now directly owns 1,445,007 shares of the company’s stock, valued at $8,857,892.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Thomas D. Barry sold 48,513 shares of Sirius XM stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $6.06, for a total value of $293,988.78. Following the sale, the vice president now directly owns 462,465 shares of the company’s stock, valued at $2,802,537.90. The disclosure for this sale can be found here. 0.76% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the stock. Millennium Management LLC grew its stake in shares of Sirius XM by 100.1% during the fourth quarter. Millennium Management LLC now owns 1,968,505 shares of the company’s stock worth $11,240,000 after purchasing an additional 984,857 shares during the period. Western Wealth Management LLC bought a new position in Sirius XM during the fourth quarter worth about $57,000. Cetera Investment Advisers lifted its holdings in Sirius XM by 46.5% during the fourth quarter. Cetera Investment Advisers now owns 17,581 shares of the company’s stock worth $101,000 after acquiring an additional 5,581 shares in the last quarter. Cetera Advisor Networks LLC lifted its holdings in Sirius XM by 9.1% during the fourth quarter. Cetera Advisor Networks LLC now owns 26,908 shares of the company’s stock worth $152,000 after acquiring an additional 2,252 shares in the last quarter. Finally, National Pension Service lifted its holdings in Sirius XM by 6.4% during the fourth quarter. National Pension Service now owns 2,217,167 shares of the company’s stock worth $13,126,000 after acquiring an additional 132,587 shares in the last quarter. 17.35% of the stock is owned by institutional investors and hedge funds.

Sirius XM Company Profile

Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, including various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.

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Analyst Recommendations for Sirius XM (NASDAQ:SIRI)

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