Sirius XM Holdings Inc. (SIRI) – What Are Investment Firms Saying About This Stock?

Sirius XM Holdings Inc. (NASDAQ:SIRI) has earned an average rating of “Hold” from the nineteen research firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $32.15.

A number of equities analysts have recently issued reports on the company. Bank of America restated an “underperform” rating on shares of Sirius XM in a research report on Friday, July 31st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Sirius XM in a research note on Tuesday, July 28th. Scotiabank initiated coverage on Sirius XM in a report on Wednesday, September 2nd. They issued an “outperform” rating on the stock. TD Cowen downgraded shares of Sirius XM to a “hold” rating in a research report on Wednesday, September 2nd. Finally, Wolfe Research began coverage on shares of Sirius XM in a research report on Wednesday, September 2nd. They set an “outperform” rating for the company.

Insider Activity

In other news, Director Jonelle Procope sold 16,672 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $29.97, for a total value of $499,659.84. Following the sale, the director directly owned 18,354 shares of the company’s stock, valued at approximately $550,069.38. This represents a 47.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 3.27% of the company’s stock.

Hedge Funds Weigh In On Sirius XM

Hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new position in Sirius XM in the second quarter valued at $32,000. Sunbelt Securities Inc. grew its holdings in Sirius XM by 158.5% during the 1st quarter. Sunbelt Securities Inc. now owns 1,295 shares of the company’s stock worth $30,000 after acquiring an additional 794 shares during the period. Root Financial Partners LLC grew its holdings in Sirius XM by 612.8% during the 1st quarter. Root Financial Partners LLC now owns 1,390 shares of the company’s stock worth $32,000 after acquiring an additional 1,195 shares during the period. Western Wealth Management LLC acquired a new stake in Sirius XM during the 1st quarter worth about $33,000. Finally, Altshuler Shaham Ltd grew its holdings in Sirius XM by 36.7% during the 1st quarter. Altshuler Shaham Ltd now owns 1,553 shares of the company’s stock worth $36,000 after acquiring an additional 417 shares during the period. Institutional investors own 10.69% of the company’s stock.

Sirius XM Stock Down 0.2%

Shares of NASDAQ:SIRI opened at $26.51 on Friday. The firm has a market cap of $8.94 billion, a P/E ratio of 8.57, a P/E/G ratio of 0.48 and a beta of 0.98. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.79. Sirius XM has a 12-month low of $19.76 and a 12-month high of $32.66. The business has a fifty day simple moving average of $27.84 and a 200 day simple moving average of $27.81.

Sirius XM (NASDAQ:SIRI) last announced its earnings results on Thursday, July 30th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.08). Sirius XM had a return on equity of 9.37% and a net margin of 10.23%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the firm posted $0.57 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. Analysts predict that Sirius XM will post 3.00 earnings per share for the current year.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Monday, August 10th were given a $0.27 dividend. The ex-dividend date was Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.1%. Sirius XM’s payout ratio is 43.20%.

Sirius XM Company Profile

Sirius XM Holdings Inc (NASDAQ: SIRI) is an audio entertainment company that provides subscription-based satellite radio and streaming services in the United States and Canada. Its SiriusXM service offers commercial-free music, live sports, news, talk programming, comedy, entertainment, and exclusive original content through connected vehicles, the SiriusXM app, and other connected devices.

The company distributes SiriusXM primarily through automakers and vehicle dealers, as well as directly to consumers.