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

Sirius XM Holdings Inc. (NASDAQ:SIRI) has been given an average recommendation of “Reduce” by the fourteen brokerages that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $26.81.

A number of equities research analysts have recently commented on SIRI shares. Rosenblatt Securities lowered their target price on Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Barrington Research set a $28.00 price target on Sirius XM in a research report on Friday, January 31st. Morgan Stanley cut their target price on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. Wells Fargo & Company lowered their price objective on Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research report on Thursday, December 19th. Finally, Seaport Res Ptn lowered shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th.

Institutional Investors Weigh In On Sirius XM

Hedge funds have recently modified their holdings of the business. State of New Jersey Common Pension Fund D purchased a new stake in Sirius XM during the 3rd quarter valued at approximately $1,707,000. ING Groep NV purchased a new position in shares of Sirius XM during the third quarter valued at $2,496,000. Check Capital Management Inc. CA bought a new position in shares of Sirius XM during the third quarter valued at approximately $3,884,000. Natixis Advisors LLC bought a new stake in Sirius XM during the third quarter valued at about $1,029,000. Finally, Seizert Capital Partners LLC purchased a new stake in shares of Sirius XM during the 3rd quarter valued at $46,173,000. Institutional investors own 10.69% of the company’s stock.

Sirius XM Trading Down 3.1 %

NASDAQ SIRI opened at $21.83 on Friday. Sirius XM has a one year low of $20.47 and a one year high of $41.60. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. The stock has a market capitalization of $7.40 billion, a P/E ratio of -3.41, a P/E/G ratio of 0.79 and a beta of 1.06. The business has a 50 day simple moving average of $23.66 and a 200 day simple moving average of $25.12.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that Sirius XM will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a $0.27 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.08 annualized dividend and a yield of 4.95%. Sirius XM’s payout ratio is -16.85%.

Sirius XM Company Profile

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.