Royal Bank Of Canada started coverage on shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) in a research note published on Friday, Marketbeat.com reports. The firm issued a sector perform rating and a $6.00 price target on the stock.

Several other brokerages also recently commented on SIRI. 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. BidaskClub downgraded shares of Sirius XM Holdings from a strong-buy rating to a buy rating in a report on Friday, July 28th. Vetr downgraded shares of Sirius XM Holdings from a strong-buy rating to a hold rating and set a $6.06 target price for the company. in a report on Monday, July 31st. Pivotal Research reiterated a buy rating and issued a $6.25 target price on shares of Sirius XM Holdings in a report on Sunday, July 30th. Finally, FBR & Co reiterated an outperform rating and issued a $6.00 target price (up previously from $5.70) on shares of Sirius XM Holdings in a report on Sunday, July 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $5.75.

Sirius XM Holdings (NASDAQ SIRI) opened at 5.48 on Friday. Sirius XM Holdings has a 1-year low of $4.05 and a 1-year high of $5.89. The stock’s 50 day moving average is $5.59 and its 200 day moving average is $5.29. The firm has a market capitalization of $25.28 billion, a price-to-earnings ratio of 32.24 and a beta of 1.08.

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

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The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Thursday, August 10th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.73%. Sirius XM Holdings’s dividend payout ratio (DPR) is presently 25.00%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. increased its holdings in Sirius XM Holdings by 476.2% during the second quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock worth $101,000 after buying an additional 15,200 shares during the last quarter. Miracle Mile Advisors LLC increased its holdings in Sirius XM Holdings by 1.5% during the first quarter. Miracle Mile Advisors LLC now owns 19,880 shares of the company’s stock worth $102,000 after buying an additional 300 shares during the last quarter. Pitcairn Co. increased its holdings in Sirius XM Holdings by 1.3% during the second quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock worth $102,000 after buying an additional 237 shares during the last quarter. Colony Group LLC purchased a new stake in Sirius XM Holdings during the second quarter worth about $102,000. Finally, Toronto Dominion Bank increased its holdings in Sirius XM Holdings by 9.7% during 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 last quarter. Institutional investors and hedge funds own 20.31% 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.

Analyst Recommendations for Sirius XM Holdings (NASDAQ:SIRI)

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