Sirius XM Holdings Inc. (NASDAQ:SIRI) Receives Average Rating of “Hold” from Brokerages

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have been given a consensus rating of “Hold” by the ten research firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $24.4444.

A number of analysts have weighed in on SIRI shares. Rosenblatt Securities increased their price target on shares of Sirius XM from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, February 6th. JPMorgan Chase & Co. raised shares of Sirius XM from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $20.00 to $24.00 in a research report on Tuesday, February 10th. Barrington Research reiterated an “outperform” rating and issued a $28.00 target price on shares of Sirius XM in a research note on Thursday, February 5th. UBS Group set a $24.00 target price on Sirius XM in a research report on Tuesday, February 10th. Finally, Weiss Ratings downgraded Sirius XM from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 6th.

Hedge Funds Weigh In On Sirius XM

A number of hedge funds have recently made changes to their positions in SIRI. Sound Income Strategies LLC acquired a new stake in shares of Sirius XM during the 3rd quarter valued at about $33,000. Rossby Financial LCC raised its position in Sirius XM by 57.7% in the fourth quarter. Rossby Financial LCC now owns 1,621 shares of the company’s stock worth $32,000 after purchasing an additional 593 shares in the last quarter. Mather Group LLC. bought a new position in Sirius XM during the third quarter worth about $42,000. Geneos Wealth Management Inc. lifted its stake in Sirius XM by 36.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock worth $41,000 after purchasing an additional 493 shares during the period. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in Sirius XM during the third quarter valued at approximately $44,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Stock Down 0.5%

Shares of SIRI stock opened at $22.84 on Tuesday. The stock has a 50 day moving average of $21.51 and a 200-day moving average of $21.61. The firm has a market cap of $7.65 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 0.39 and a beta of 0.92. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.75. Sirius XM has a 12 month low of $18.69 and a 12 month high of $24.92.

Sirius XM Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 11th were paid a dividend of $0.27 per share. The ex-dividend date was Wednesday, February 11th. This represents a $1.08 dividend on an annualized basis and a yield of 4.7%. Sirius XM’s payout ratio is currently 48.21%.

Sirius XM Company Profile

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.