Weiss Ratings reiterated their sell (d+) rating on shares of Sirius XM (NASDAQ:SIRI – Free Report) in a report released on Tuesday morning,Weiss Ratings reports.
SIRI has been the subject of several other research reports. Rosenblatt Securities raised their price objective on shares of Sirius XM from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. Wells Fargo & Company reduced their price objective on shares of Sirius XM from $19.00 to $18.00 and set an “underweight” rating for the company in a research note on Friday, August 1st. Guggenheim restated a “buy” rating and set a $29.00 target price on shares of Sirius XM in a research report on Thursday, June 26th. Zacks Research upgraded shares of Sirius XM from a “strong sell” rating to a “hold” rating in a research report on Friday, August 15th. Finally, Morgan Stanley lifted their target price on shares of Sirius XM from $21.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $24.89.
Check Out Our Latest Stock Report on SIRI
Sirius XM Stock Up 1.6%
Sirius XM (NASDAQ:SIRI – Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.22). Sirius XM had a negative net margin of 26.41% and a positive return on equity of 3.73%. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the business earned $0.80 EPS. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. Sirius XM has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Sirius XM will post 3.2 EPS for the current fiscal year.
Sirius XM Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Friday, August 8th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Friday, August 8th. Sirius XM’s payout ratio is currently -16.00%.
Hedge Funds Weigh In On Sirius XM
A number of institutional investors have recently modified their holdings of the company. AQR Capital Management LLC raised its position 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 valued at $117,327,000 after buying an additional 3,233,922 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in Sirius XM by 661.3% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,577,176 shares of the company’s stock valued at $80,630,000 after purchasing an additional 3,107,313 shares during the period. LSV Asset Management grew its holdings in Sirius XM by 41.5% in the first quarter. LSV Asset Management now owns 3,197,800 shares of the company’s stock valued at $72,094,000 after purchasing an additional 937,500 shares during the period. Ameriprise Financial Inc. grew its holdings in Sirius XM by 7.3% in the second quarter. Ameriprise Financial Inc. now owns 2,515,519 shares of the company’s stock valued at $57,781,000 after purchasing an additional 170,155 shares during the period. Finally, Seizert Capital Partners LLC grew its holdings in Sirius XM by 0.5% in the first quarter. Seizert Capital Partners LLC now owns 2,281,165 shares of the company’s stock valued at $51,429,000 after purchasing an additional 11,549 shares during the period. Institutional investors and hedge funds own 10.69% of the company’s stock.
Sirius XM Company Profile
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.
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