Sirius XM Holdings Inc. (SIRI) Now Covered by Analysts at BTIG Research
Several other analysts have also weighed in on SIRI. Pacific Crest reissued a hold rating on shares of Sirius XM Holdings in a report on Wednesday, July 27th. RBC Capital Markets reaffirmed a sector perform rating and issued a $4.75 price target (up previously from $4.25) on shares of Sirius XM Holdings in a research note on Wednesday, July 27th. TheStreet raised Sirius XM Holdings from a hold rating to a buy rating in a research note on Tuesday, July 26th. Royal Bank Of Canada boosted their price target on Sirius XM Holdings from $4.25 to $4.75 and gave the company a sector perform rating in a research note on Wednesday, July 27th. Finally, Macquarie reaffirmed an outperform rating and issued a $4.85 price target on shares of Sirius XM Holdings in a research note on Friday, September 23rd. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $4.84.
Shares of Sirius XM Holdings (NASDAQ:SIRI) traded down 0.108% on Tuesday, reaching $4.605. The company had a trading volume of 4,912,080 shares. The company has a 50-day moving average price of $4.24 and a 200-day moving average price of $4.13. The firm has a market cap of $22.22 billion, a P/E ratio of 35.698 and a beta of 1.24. Sirius XM Holdings has a one year low of $3.29 and a one year high of $4.65.
Sirius XM Holdings (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.04 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04. Sirius XM Holdings had a negative return on equity of 133.77% and a net margin of 13.70%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the firm earned $0.03 EPS. Sirius XM Holdings’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, analysts expect that Sirius XM Holdings will post $0.15 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Wednesday, November 9th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, November 7th. This represents a $0.04 annualized dividend and a yield of 0.87%. Sirius XM Holdings’s payout ratio is presently 30.77%.
Hedge funds have recently added to or reduced their stakes in the company. Howard Hughes Medical Institute bought a new stake in Sirius XM Holdings during the second quarter valued at about $102,000. D.A. Davidson & CO. raised its stake in Sirius XM Holdings by 133.4% in the third quarter. D.A. Davidson & CO. now owns 26,418 shares of the company’s stock valued at $110,000 after buying an additional 15,099 shares during the last quarter. Global X Management Co. LLC raised its stake in Sirius XM Holdings by 161.9% in the second quarter. Global X Management Co. LLC now owns 27,504 shares of the company’s stock valued at $109,000 after buying an additional 17,001 shares during the last quarter. BOKF NA raised its stake in Sirius XM Holdings by 0.6% in the second quarter. BOKF NA now owns 28,455 shares of the company’s stock valued at $113,000 after buying an additional 166 shares during the last quarter. Finally, Mizuho Asset Management Co. Ltd. raised its stake in Sirius XM Holdings by 93.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 29,315 shares of the company’s stock valued at $116,000 after buying an additional 14,195 shares during the last quarter. Institutional investors and hedge funds own 20.28% of the company’s stock.
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Sirius XM Holdings Company Profile
Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.
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