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

Sirius XM Holdings Inc. (NASDAQ:SIRI) has been assigned a consensus recommendation of “Hold” from the ten brokerages that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $24.4444.

A number of research firms recently weighed in on SIRI. UBS Group set a $24.00 price objective on shares of Sirius XM in a research report on Tuesday, February 10th. JPMorgan Chase & Co. raised Sirius XM from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $20.00 to $24.00 in a research report on Tuesday, February 10th. Rosenblatt Securities upped their price target on Sirius XM from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Moffett Nathanson began coverage on Sirius XM in a research report on Tuesday, January 27th. They set a “neutral” rating and a $21.00 price target for the company. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $28.00 price objective on shares of Sirius XM in a research note on Thursday, February 5th.

Institutional Trading of Sirius XM

Institutional investors and hedge funds have recently bought and sold shares of the business. Rossby Financial LCC lifted its position in shares of Sirius XM by 57.7% during the fourth quarter. Rossby Financial LCC now owns 1,621 shares of the company’s stock worth $32,000 after purchasing an additional 593 shares in the last quarter. Sound Income Strategies LLC acquired a new position in shares of Sirius XM in the third quarter valued at approximately $33,000. Caitong International Asset Management Co. Ltd purchased a new stake in Sirius XM during the 4th quarter worth approximately $40,000. Jessup Wealth Management Inc purchased a new stake in Sirius XM during the 4th quarter worth approximately $40,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Sirius XM by 36.7% during 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. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Trading Up 2.2%

Shares of SIRI stock opened at $22.47 on Tuesday. Sirius XM has a 1-year low of $18.69 and a 1-year high of $24.92. The firm has a market cap of $7.52 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 0.38 and a beta of 0.92. The company has a 50-day moving average of $21.35 and a two-hundred day moving average of $21.64. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.30 and a quick ratio of 0.30.

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 issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Wednesday, February 11th. Sirius XM’s dividend payout ratio (DPR) is 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.