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

Sirius XM Holdings Inc. (NASDAQ:SIRI) has been given an average recommendation of “Reduce” by the fourteen research firms that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $27.58.

Several equities research analysts recently weighed in on SIRI shares. Barrington Research cut their price objective on Sirius XM from $40.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, December 13th. StockNews.com assumed coverage on Sirius XM in a research note on Wednesday, November 13th. They set a “sell” rating on the stock. JPMorgan Chase & Co. upped their price objective on Sirius XM from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. Rosenblatt Securities lifted their target price on shares of Sirius XM from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. Finally, Benchmark reissued a “buy” rating and set a $43.00 target price on shares of Sirius XM in a report on Tuesday, October 15th.

Sirius XM Price Performance

SIRI stock opened at $22.10 on Thursday. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of -3.49, a P/E/G ratio of 1.11 and a beta of 1.05. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. The company has a 50 day simple moving average of $24.17 and a 200 day simple moving average of $27.47. Sirius XM has a 1 year low of $20.47 and a 1 year high of $55.40.

Sirius XM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.89%. Sirius XM’s payout ratio is currently -17.03%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Nilsine Partners LLC acquired a new position in Sirius XM during the 4th quarter worth approximately $604,000. Union Bancaire Privee UBP SA bought a new stake in shares of Sirius XM during the fourth quarter valued at approximately $26,000. PFG Investments LLC acquired a new position in shares of Sirius XM during the fourth quarter worth approximately $303,000. Geneos Wealth Management Inc. lifted its holdings in shares of Sirius XM by 574.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock worth $31,000 after purchasing an additional 1,144 shares in the last quarter. Finally, Brighton Jones LLC acquired a new stake in Sirius XM in the 4th quarter valued at $622,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

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.