Sirius XM (NASDAQ:SIRI) Receives Outperform Rating from Barrington Research

Sirius XM (NASDAQ:SIRIGet Free Report)‘s stock had its “outperform” rating reissued by equities research analysts at Barrington Research in a note issued to investors on Thursday,Benzinga reports. They presently have a $28.00 price objective on the stock. Barrington Research’s target price suggests a potential upside of 25.20% from the company’s previous close.

Other research analysts have also issued reports about the company. Benchmark reissued a “buy” rating and issued a $30.00 price target (up from $28.00) on shares of Sirius XM in a research report on Friday, October 31st. Rosenblatt Securities reiterated a “neutral” rating and issued a $23.00 target price on shares of Sirius XM in a report on Monday, December 1st. JPMorgan Chase & Co. raised their price target on shares of Sirius XM from $19.00 to $20.00 and gave the company an “underweight” rating in a report on Friday, October 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sirius XM in a research note on Monday, December 29th. Finally, Moffett Nathanson started coverage on shares of Sirius XM in a research report on Tuesday, January 27th. They set a “neutral” rating and a $21.00 target price for the company. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Sirius XM currently has a consensus rating of “Hold” and a consensus target price of $23.88.

Check Out Our Latest Research Report on Sirius XM

Sirius XM Stock Up 7.9%

NASDAQ:SIRI traded up $1.64 during mid-day trading on Thursday, reaching $22.37. The company’s stock had a trading volume of 21,161,849 shares, compared to its average volume of 5,598,706. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.78. Sirius XM has a 1 year low of $18.69 and a 1 year high of $27.41. The stock has a fifty day moving average of $20.91 and a 200-day moving average of $21.86. The firm has a market capitalization of $7.53 billion, a PE ratio of 7.90, a price-to-earnings-growth ratio of 0.27 and a beta of 0.93.

Sirius XM (NASDAQ:SIRIGet Free Report) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.53). The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Sirius XM had a return on equity of 8.79% and a net margin of 11.61%.Sirius XM’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 EPS. Equities research analysts forecast that Sirius XM will post 3.2 earnings per share for the current year.

Institutional Investors Weigh In On Sirius XM

A number of institutional investors and hedge funds have recently modified their holdings of the company. Berkshire Hathaway Inc raised its position in Sirius XM by 4.2% during the 3rd quarter. Berkshire Hathaway Inc now owns 124,807,117 shares of the company’s stock worth $2,904,886,000 after buying an additional 5,030,425 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Sirius XM by 165.2% in the second quarter. AQR Capital Management LLC now owns 5,191,440 shares of the company’s stock worth $117,327,000 after acquiring an additional 3,233,922 shares during the period. Norges Bank purchased a new position in shares of Sirius XM during the second quarter worth $43,152,000. Two Sigma Investments LP lifted its position in Sirius XM by 270.0% during the third quarter. Two Sigma Investments LP now owns 1,933,521 shares of the company’s stock valued at $45,003,000 after purchasing an additional 1,410,963 shares during the period. Finally, Check Capital Management Inc. CA boosted its holdings in Sirius XM by 76.7% in the third quarter. Check Capital Management Inc. CA now owns 2,061,843 shares of the company’s stock valued at $47,989,000 after purchasing an additional 895,247 shares during the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM News Roundup

Here are the key news stories impacting Sirius XM this week:

Sirius XM Company Profile

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Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.

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Analyst Recommendations for Sirius XM (NASDAQ:SIRI)

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