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

Sirius XM Holdings Inc. (NASDAQ:SIRI) has earned a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $26.65.

SIRI has been the topic of a number of recent analyst reports. Barrington Research reissued an “outperform” rating and set a $28.00 price target on shares of Sirius XM in a research report on Friday. Guggenheim reduced their target price on Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Seaport Res Ptn upgraded Sirius XM from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. Rosenblatt Securities cut their price objective on Sirius XM from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Morgan Stanley lowered their target price on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd.

Institutional Trading of Sirius XM

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Berkshire Hathaway Inc increased its stake in shares of Sirius XM by 11.7% during the 4th quarter. Berkshire Hathaway Inc now owns 117,468,573 shares of the company’s stock worth $2,678,283,000 after purchasing an additional 12,313,544 shares during the last quarter. LSV Asset Management bought a new position in Sirius XM during the fourth quarter worth about $51,535,000. Norges Bank acquired a new position in Sirius XM during the fourth quarter worth approximately $28,269,000. Toronto Dominion Bank bought a new stake in Sirius XM in the fourth quarter valued at approximately $22,398,000. Finally, Check Capital Management Inc. CA lifted its position in shares of Sirius XM by 597.7% in the fourth quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock valued at $26,123,000 after buying an additional 981,517 shares during the last quarter. Institutional investors own 10.69% of the company’s stock.

Sirius XM Price Performance

SIRI opened at $20.47 on Friday. The company has a fifty day moving average price of $22.00 and a two-hundred day moving average price of $23.86. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market capitalization of $6.93 billion, a PE ratio of -3.19, a P/E/G ratio of 0.79 and a beta of 0.98. Sirius XM has a 52 week low of $18.69 and a 52 week high of $41.60.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.11). Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the company posted $0.07 EPS. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, analysts anticipate that Sirius XM will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.28%. Sirius XM’s dividend payout ratio is -16.85%.

About Sirius XM

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.