Sirius XM Holdings’ (SIRI) Hold Rating Reiterated at KeyCorp
SIRI has been the topic of a number of other reports. Vetr raised shares of Sirius XM Holdings from a buy rating to a strong-buy rating and set a $6.28 target price on the stock in a report on Tuesday, June 20th. BidaskClub raised shares of Sirius XM Holdings from a buy rating to a strong-buy rating in a report on Saturday, July 1st. Piper Jaffray Companies set a $7.00 target price on shares of Sirius XM Holdings and gave the company a buy rating in a report on Thursday, July 27th. Citigroup Inc. lifted their target price on shares of Sirius XM Holdings from $5.50 to $6.65 and gave the company a buy rating in a report on Monday, August 7th. Finally, Zacks Investment Research cut shares of Sirius XM Holdings from a buy rating to a hold rating in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $5.73.
Shares of Sirius XM Holdings (SIRI) opened at 5.58 on Friday. The company has a market cap of $25.74 billion, a P/E ratio of 32.82 and a beta of 1.11. Sirius XM Holdings has a 12 month low of $4.05 and a 12 month high of $5.89. The company’s 50 day moving average is $5.54 and its 200 day moving average is $5.22.
Sirius XM Holdings (NASDAQ:SIRI) last announced its earnings results on Thursday, July 27th. The company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Sirius XM Holdings had a net margin of 15.47% and a negative return on equity of 99.07%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.04 EPS. On average, equities research analysts predict that Sirius XM Holdings will post $0.18 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.72%. Sirius XM Holdings’s dividend payout ratio (DPR) is presently 25.00%.
Institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank boosted its position in Sirius XM Holdings by 9.7% in the second quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock worth $111,000 after buying an additional 1,799 shares during the period. Colony Group LLC bought a new position in Sirius XM Holdings during the second quarter worth $102,000. National Asset Management Inc. boosted its position in Sirius XM Holdings by 33.1% in the second quarter. National Asset Management Inc. now owns 29,711 shares of the company’s stock worth $163,000 after buying an additional 7,386 shares during the period. Chiron Investment Management LLC boosted its position in Sirius XM Holdings by 143.9% in the second quarter. Chiron Investment Management LLC now owns 2,709,646 shares of the company’s stock worth $14,822,000 after buying an additional 1,598,500 shares during the period. Finally, Scotia Capital Inc. boosted its position in Sirius XM Holdings by 0.8% in the second quarter. Scotia Capital Inc. now owns 25,494 shares of the company’s stock worth $139,000 after buying an additional 206 shares during the period. 22.18% of the stock is currently owned by institutional investors and hedge funds.
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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