Sirius XM Holdings Inc. (NASDAQ:SIRI) Given Average Rating of “Hold” by Analysts

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have received an average rating of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $4.67.

Several analysts have recently commented on SIRI shares. StockNews.com started coverage on Sirius XM in a report on Sunday, April 21st. They set a “hold” rating on the stock. Wells Fargo & Company decreased their target price on Sirius XM from $4.50 to $3.00 and set an “underweight” rating on the stock in a report on Monday, April 1st. Pivotal Research upgraded Sirius XM from a “hold” rating to a “buy” rating and decreased their price target for the company from $5.05 to $4.90 in a report on Wednesday. Guggenheim assumed coverage on Sirius XM in a report on Thursday, March 14th. They issued a “neutral” rating and a $4.00 price target on the stock. Finally, Benchmark decreased their price target on Sirius XM from $7.00 to $6.50 and set a “buy” rating on the stock in a report on Wednesday, March 27th.

Sirius XM Stock Performance

Shares of SIRI stock opened at $3.02 on Tuesday. The stock’s fifty day moving average is $3.85 and its 200-day moving average is $4.60. The stock has a market capitalization of $11.62 billion, a PE ratio of 9.44, a PEG ratio of 1.02 and a beta of 1.04. Sirius XM has a 52 week low of $2.97 and a 52 week high of $7.95.

Sirius XM (NASDAQ:SIRI) last announced its earnings results on Thursday, February 1st. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Sirius XM had a negative return on equity of 42.54% and a net margin of 14.05%. As a group, analysts forecast that Sirius XM will post 0.29 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Friday, May 10th will be paid a $0.0266 dividend. This represents a $0.11 annualized dividend and a yield of 3.52%. The ex-dividend date is Thursday, May 9th. Sirius XM’s payout ratio is 34.38%.

Insider Buying and Selling at Sirius XM

In other Sirius XM news, Director James E. Meyer sold 800,000 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $4.92, for a total value of $3,936,000.00. Following the transaction, the director now owns 1,091,472 shares of the company’s stock, valued at $5,370,042.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Sirius XM news, Director James E. Meyer sold 800,000 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $4.92, for a total value of $3,936,000.00. Following the transaction, the director now owns 1,091,472 shares of the company’s stock, valued at $5,370,042.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph A. Inzerillo sold 107,611 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $4.90, for a total value of $527,293.90. Following the completion of the transaction, the insider now directly owns 746,816 shares in the company, valued at approximately $3,659,398.40. The disclosure for this sale can be found here. Insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On Sirius XM

Several hedge funds have recently added to or reduced their stakes in SIRI. Truvestments Capital LLC acquired a new stake in shares of Sirius XM during the third quarter worth about $27,000. BKM Wealth Management LLC acquired a new stake in shares of Sirius XM during the fourth quarter worth about $27,000. First PREMIER Bank acquired a new stake in shares of Sirius XM during the first quarter worth about $31,000. First United Bank & Trust acquired a new stake in shares of Sirius XM during the fourth quarter worth about $37,000. Finally, TFO Wealth Partners LLC raised its position in shares of Sirius XM by 140,560.0% during the fourth quarter. TFO Wealth Partners LLC now owns 7,033 shares of the company’s stock worth $38,000 after purchasing an additional 7,028 shares during the period. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Company Profile

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company's Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.