Sirius XM Holdings Inc. (NASDAQ:SIRI) Receives Consensus Rating of “Reduce” from Brokerages

Sirius XM Holdings Inc. (NASDAQ:SIRI) has earned a consensus recommendation of “Reduce” from the fourteen analysts that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $26.96.

A number of equities research analysts have commented on SIRI shares. Barrington Research reissued an “outperform” rating and set a $30.00 price target on shares of Sirius XM in a report on Thursday, January 30th. Wells Fargo & Company decreased their target price on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research note on Thursday, December 19th. Pivotal Research dropped their price target on Sirius XM from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Guggenheim reduced their price objective on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, Morgan Stanley dropped their target price on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research report on Thursday, January 23rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SIRI. Sessa Capital IM L.P. bought a new stake in shares of Sirius XM in the 3rd quarter worth about $77,983,000. Thompson Siegel & Walmsley LLC purchased a new stake in Sirius XM in the 3rd quarter worth about $67,598,000. LSV Asset Management bought a new stake in Sirius XM in the fourth quarter worth about $51,535,000. Seizert Capital Partners LLC purchased a new position in shares of Sirius XM during the third quarter valued at approximately $46,173,000. Finally, Norges Bank bought a new position in shares of Sirius XM during the fourth quarter valued at approximately $28,269,000. 10.69% of the stock is owned by hedge funds and other institutional investors.

Sirius XM Trading Up 2.5 %

Shares of NASDAQ:SIRI opened at $27.11 on Monday. The stock has a 50 day moving average of $23.33 and a 200 day moving average of $25.99. The company has a market cap of $9.18 billion, a PE ratio of -4.23, a price-to-earnings-growth ratio of 0.82 and a beta of 1.06. Sirius XM has a 12-month low of $20.47 and a 12-month high of $49.40. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.20. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. As a group, equities research analysts expect that Sirius XM will post 3.17 EPS for the current year.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.98%. The ex-dividend date is Friday, February 7th. Sirius XM’s dividend payout ratio is currently -16.85%.

About Sirius XM

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company’s Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.