Sirius XM Holdings Inc. (SIRI) Rating Lowered to Hold at Wunderlich
Sirius XM Holdings Inc. (NASDAQ:SIRI) was downgraded by equities researchers at Wunderlich from a “buy” rating to a “hold” rating in a note issued to investors on Thursday. They presently have a $5.50 price target on the stock, up from their prior price target of $5.00. Wunderlich’s target price would indicate a potential upside of 2.61% from the stock’s current price.
Several other analysts also recently commented on SIRI. BTIG Research initiated coverage on Sirius XM Holdings in a research note on Tuesday, November 22nd. They issued a “neutral” rating for the company. Zacks Investment Research downgraded Sirius XM Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, January 5th. Macquarie reissued a “buy” rating and issued a $5.00 price objective on shares of Sirius XM Holdings in a research note on Wednesday, January 11th. Barclays PLC increased their price target on Sirius XM Holdings from $4.60 to $4.90 and gave the company an “overweight” rating in a research report on Tuesday, January 24th. Finally, TheStreet raised Sirius XM Holdings from a “c+” rating to a “b-” rating in a research report on Wednesday, January 25th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $5.08.
Shares of Sirius XM Holdings (NASDAQ:SIRI) opened at 5.36 on Thursday. The company has a 50-day moving average price of $5.00 and a 200 day moving average price of $4.51. Sirius XM Holdings has a 1-year low of $3.74 and a 1-year high of $5.53. The company has a market capitalization of $25.27 billion, a P/E ratio of 35.73 and a beta of 1.21.
Sirius XM Holdings (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, February 2nd. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The firm earned $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Sirius XM Holdings had a negative return on equity of 112.66% and a net margin of 14.81%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 earnings per share. Equities research analysts anticipate that Sirius XM Holdings will post $0.18 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Shareholders of record on Tuesday, February 7th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.75%. The ex-dividend date was Friday, February 3rd. Sirius XM Holdings’s dividend payout ratio (DPR) is 28.57%.
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Institutional investors have recently made changes to their positions in the stock. FMR LLC raised its position in shares of Sirius XM Holdings by 9.1% in the fourth quarter. FMR LLC now owns 37,189,220 shares of the company’s stock valued at $165,492,000 after buying an additional 3,098,683 shares during the period. Norges Bank purchased a new position in shares of Sirius XM Holdings during the fourth quarter valued at $94,189,000. BlackRock Fund Advisors raised its position in shares of Sirius XM Holdings by 0.5% in the third quarter. BlackRock Fund Advisors now owns 17,419,226 shares of the company’s stock valued at $72,638,000 after buying an additional 79,400 shares during the period. Victory Capital Management Inc. raised its position in shares of Sirius XM Holdings by 6,232.1% in the third quarter. Victory Capital Management Inc. now owns 15,325,778 shares of the company’s stock valued at $63,908,000 after buying an additional 15,083,746 shares during the period. Finally, Morgan Stanley raised its position in shares of Sirius XM Holdings by 63.5% in the third quarter. Morgan Stanley now owns 9,344,331 shares of the company’s stock valued at $38,965,000 after buying an additional 3,630,842 shares during the period. 22.15% of the stock is owned by institutional investors and hedge funds.
About Sirius XM Holdings
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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