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

Sirius XM Holdings Inc. (NASDAQ:SIRI) has been given an average recommendation of “Hold” by the eleven research firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $27.4545.

Several equities analysts have recently commented on the company. Evercore set a $28.00 target price on Sirius XM in a report on Friday, May 1st. Weiss Ratings raised Sirius XM from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, May 1st. JPMorgan Chase & Co. boosted their price objective on Sirius XM from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Barrington Research boosted their price objective on Sirius XM from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Finally, Guggenheim restated a “buy” rating on shares of Sirius XM in a research note on Wednesday, June 17th.

Sirius XM Stock Down 1.5%

Shares of NASDAQ:SIRI opened at $30.26 on Thursday. The stock has a market capitalization of $10.19 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 0.66 and a beta of 0.95. Sirius XM has a 1-year low of $19.76 and a 1-year high of $31.42. The company’s fifty day moving average is $28.04 and its two-hundred day moving average is $24.17. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.44 and a current ratio of 0.44.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. Sirius XM had a net margin of 9.86% and a return on equity of 9.19%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same period in the previous year, the business posted $0.59 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. Equities analysts anticipate that Sirius XM will post 3.1 EPS for the current year.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 11th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 annualized dividend and a dividend yield of 3.6%. Sirius XM’s payout ratio is 45.57%.

Insider Activity at Sirius XM

In related news, insider Scott Andrew Greenstein sold 20,744 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $29.83, for a total value of $618,793.52. Following the sale, the insider owned 20,163 shares of the company’s stock, valued at $601,462.29. This trade represents a 50.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.27% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in shares of Sirius XM in the fourth quarter valued at approximately $622,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Sirius XM by 11.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 925,313 shares of the company’s stock worth $20,861,000 after buying an additional 92,111 shares during the period. Focus Partners Wealth grew its holdings in Sirius XM by 5.2% in the 1st quarter. Focus Partners Wealth now owns 16,273 shares of the company’s stock worth $367,000 after buying an additional 800 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Sirius XM by 36.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock worth $41,000 after buying an additional 493 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in Sirius XM in the 2nd quarter valued at approximately $208,000. 10.69% of the stock is owned by institutional investors and hedge funds.

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.