Sirius XM (NASDAQ:SIRI) Hits New 1-Year High – What’s Next?

Sirius XM Holdings Inc. (NASDAQ:SIRI)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $24.95 and last traded at $25.00, with a volume of 444816 shares. The stock had previously closed at $24.73.

Wall Street Analyst Weigh In

SIRI has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of Sirius XM from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $20.00 to $24.00 in a report on Tuesday, February 10th. Moffett Nathanson assumed coverage on Sirius XM in a research note on Tuesday, January 27th. They set a “neutral” rating and a $21.00 price target on the stock. Weiss Ratings lowered Sirius XM from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 6th. Barrington Research restated an “outperform” rating and set a $28.00 price target on shares of Sirius XM in a research note on Thursday, February 5th. Finally, UBS Group set a $24.00 price target on Sirius XM in a research note on Tuesday, February 10th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Sirius XM currently has an average rating of “Hold” and an average price target of $24.44.

Sirius XM Price Performance

The firm has a market cap of $8.58 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 0.66 and a beta of 0.85. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.75. The stock has a 50 day moving average price of $22.46 and a two-hundred day moving average price of $21.68.

Sirius XM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 11th were given a $0.27 dividend. The ex-dividend date was Wednesday, February 11th. This represents a $1.08 dividend on an annualized basis and a yield of 4.2%. Sirius XM’s dividend payout ratio is currently 48.21%.

Institutional Investors Weigh In On Sirius XM

A number of large investors have recently bought and sold shares of the company. Krilogy Financial LLC boosted its position in Sirius XM by 16.0% in the first quarter. Krilogy Financial LLC now owns 62,154 shares of the company’s stock valued at $1,537,000 after buying an additional 8,582 shares during the last quarter. Everstar Asset Management LLC boosted its position in Sirius XM by 1.5% in the first quarter. Everstar Asset Management LLC now owns 42,790 shares of the company’s stock valued at $988,000 after buying an additional 626 shares during the last quarter. Evolve Private Wealth LLC boosted its position in Sirius XM by 5.5% in the first quarter. Evolve Private Wealth LLC now owns 16,366 shares of the company’s stock valued at $378,000 after buying an additional 852 shares during the last quarter. Hsbc Holdings PLC boosted its position in Sirius XM by 858.4% in the fourth quarter. Hsbc Holdings PLC now owns 2,076,539 shares of the company’s stock valued at $41,726,000 after buying an additional 1,859,872 shares during the last quarter. Finally, PeakShares LLC purchased a new stake in Sirius XM in the fourth quarter valued at approximately $46,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

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.