Vetr upgraded shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) from a buy rating to a strong-buy rating in a report released on Monday. They currently have $6.31 price objective on the stock.

A number of other research firms have also weighed in on SIRI. Barclays PLC set a $5.00 target price on shares of Sirius XM Holdings and gave the stock a hold rating in a research note on Sunday, April 30th. FBR & Co reissued an outperform rating and issued a $6.00 target price (up from $5.70) on shares of Sirius XM Holdings in a research note on Sunday, July 30th. Zacks Investment Research lowered shares of Sirius XM Holdings from a hold rating to a sell rating in a research note on Tuesday, July 4th. BidaskClub lowered shares of Sirius XM Holdings from a strong-buy rating to a buy rating in a research note on Friday, July 28th. Finally, Bank of America Corporation reissued a buy rating and issued a $5.50 target price on shares of Sirius XM Holdings in a research note on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Sirius XM Holdings currently has an average rating of Buy and a consensus target price of $5.73.

Sirius XM Holdings (NASDAQ:SIRI) opened at 5.55 on Monday. The firm’s 50-day moving average price is $5.47 and its 200-day moving average price is $5.15. Sirius XM Holdings has a 52 week low of $4.05 and a 52 week high of $5.89. The stock has a market cap of $25.60 billion, a PE ratio of 32.65 and a beta of 1.11.

Sirius XM Holdings (NASDAQ:SIRI) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the firm posted $0.04 EPS. Sirius XM Holdings’s revenue was up 9.1% compared to the same quarter last year. Equities analysts predict that Sirius XM Holdings will post $0.18 earnings per share for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.04 annualized dividend and a yield of 0.72%. Sirius XM Holdings’s dividend payout ratio (DPR) is presently 25.00%.

A number of hedge funds have recently bought and sold shares of SIRI. Sheaff Brock Investment Advisors LLC increased its stake in Sirius XM Holdings by 1.3% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 825,279 shares of the company’s stock valued at $4,514,000 after buying an additional 10,932 shares during the period. Oppenheimer & Co. Inc. increased its stake in Sirius XM Holdings by 77.4% in the second quarter. Oppenheimer & Co. Inc. now owns 213,155 shares of the company’s stock valued at $1,166,000 after buying an additional 93,000 shares during the period. Delta Lloyd Asset Management N.V. bought a new stake in Sirius XM Holdings during the second quarter valued at $1,340,000. Swiss National Bank increased its stake in Sirius XM Holdings by 0.6% in the second quarter. Swiss National Bank now owns 6,019,058 shares of the company’s stock valued at $32,924,000 after buying an additional 35,500 shares during the period. Finally, Eagle Asset Management Inc. increased its stake in Sirius XM Holdings by 22.5% in the second quarter. Eagle Asset Management Inc. now owns 13,258,551 shares of the company’s stock valued at $72,524,000 after buying an additional 2,436,197 shares during the period. Hedge funds and other institutional investors own 22.30% of the company’s stock.

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Sirius XM Holdings (NASDAQ:SIRI)

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