Sirius XM Holdings Inc. (NASDAQ:SIRI) Receives $24.29 Average Price Target from Analysts

Sirius XM Holdings Inc. (NASDAQ:SIRI) has been assigned a consensus rating of “Hold” from the ten brokerages that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $24.2857.

Several equities analysts have recently commented on SIRI shares. JPMorgan Chase & Co. upped their target price on Sirius XM from $19.00 to $20.00 and gave the company an “underweight” rating in a report on Friday, October 31st. Weiss Ratings restated a “hold (c-)” rating on shares of Sirius XM in a research report on Monday. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $23.00 target price on shares of Sirius XM in a research report on Monday, December 1st. Benchmark reiterated a “buy” rating and issued a $30.00 target price (up from $28.00) on shares of Sirius XM in a research note on Friday, October 31st. Finally, Barrington Research reissued an “outperform” rating and set a $28.00 price target on shares of Sirius XM in a report on Monday, November 3rd.

Insider Activity at Sirius XM

In other news, Director Kristina Salen sold 1,845 shares of Sirius XM stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $21.64, for a total transaction of $39,925.80. Following the sale, the director owned 19,969 shares of the company’s stock, valued at approximately $432,129.16. The trade was a 8.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.32% of the company’s stock.

Hedge Funds Weigh In On Sirius XM

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cresset Asset Management LLC grew its holdings in Sirius XM by 9.0% during the first quarter. Cresset Asset Management LLC now owns 11,463 shares of the company’s stock worth $258,000 after acquiring an additional 944 shares during the period. Brighton Jones LLC acquired a new stake in Sirius XM in the 4th quarter valued at about $622,000. CW Advisors LLC boosted its position in shares of Sirius XM by 101.0% during the 1st quarter. CW Advisors LLC now owns 114,086 shares of the company’s stock valued at $2,573,000 after purchasing an additional 57,330 shares in the last quarter. Ninety One UK Ltd grew its stake in shares of Sirius XM by 78.3% in the 2nd quarter. Ninety One UK Ltd now owns 342,090 shares of the company’s stock worth $7,858,000 after purchasing an additional 150,261 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of Sirius XM in the 1st quarter worth approximately $286,000. 10.69% of the stock is owned by institutional investors.

Sirius XM Stock Down 2.4%

Shares of NASDAQ:SIRI opened at $21.23 on Friday. The company’s fifty day moving average is $21.48 and its two-hundred day moving average is $22.38. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.31 and a current ratio of 0.31. Sirius XM has a 1-year low of $18.69 and a 1-year high of $27.41. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 7.50, a price-to-earnings-growth ratio of 0.33 and a beta of 0.92.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.05. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. Sirius XM had a net margin of 11.61% and a return on equity of 8.79%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($8.74) EPS. Equities analysts anticipate that Sirius XM will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Wednesday, November 5th were given a $0.27 dividend. The ex-dividend date was Wednesday, November 5th. This represents a $1.08 annualized dividend and a yield of 5.1%. Sirius XM’s dividend payout ratio is 38.16%.

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.