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

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have been given a consensus rating of “Hold” by the ten analysts that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $24.4444.

SIRI has been the subject of a number of recent analyst reports. Barrington Research reissued an “outperform” rating and set a $28.00 price objective on shares of Sirius XM in a research report on Thursday, February 5th. Benchmark reaffirmed a “buy” rating and set a $30.00 target price (up from $28.00) on shares of Sirius XM in a research note on Friday, October 31st. Moffett Nathanson assumed coverage on shares of Sirius XM in a research report on Tuesday, January 27th. They set a “neutral” rating and a $21.00 price target for the company. Weiss Ratings lowered shares of Sirius XM from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 6th. Finally, UBS Group set a $24.00 price objective on shares of Sirius XM in a research report on Tuesday, February 10th.

Institutional Investors Weigh In On Sirius XM

Several institutional investors and hedge funds have recently modified their holdings of SIRI. Brighton Jones LLC purchased a new position in shares of Sirius XM in the fourth quarter valued at approximately $622,000. Hsbc Holdings PLC increased its stake in Sirius XM by 779.4% during the 2nd quarter. Hsbc Holdings PLC now owns 115,237 shares of the company’s stock worth $2,639,000 after buying an additional 102,133 shares during the period. SG Americas Securities LLC lifted its holdings in Sirius XM by 292.5% during the 3rd quarter. SG Americas Securities LLC now owns 113,728 shares of the company’s stock worth $2,647,000 after buying an additional 84,751 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new position in Sirius XM in the 3rd quarter valued at approximately $1,466,000. Finally, Jupiter Asset Management Ltd. purchased a new position in Sirius XM in the 3rd quarter valued at approximately $1,223,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Price Performance

SIRI stock opened at $21.52 on Friday. Sirius XM has a 52-week low of $18.69 and a 52-week high of $25.35. 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 market cap of $7.20 billion, a price-to-earnings ratio of 9.61, a price-to-earnings-growth ratio of 0.36 and a beta of 0.93. The business has a fifty day moving average of $20.85 and a two-hundred day moving average of $21.73.

Sirius XM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Wednesday, February 11th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Wednesday, February 11th. Sirius XM’s dividend payout ratio (DPR) is currently 48.21%.

About Sirius XM

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.