Sirius XM Holdings Inc. (NASDAQ:SIRI) Given Consensus Rating of “Reduce” by Analysts

Sirius XM Holdings Inc. (NASDAQ:SIRI) has been given an average recommendation of “Reduce” by the fourteen brokerages that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $26.81.

A number of equities research analysts have recently issued reports on the stock. Guggenheim lowered their price target on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Wells Fargo & Company lowered their price target on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a report on Thursday, December 19th. Barrington Research set a $28.00 price target on shares of Sirius XM in a report on Friday, January 31st. Morgan Stanley lowered their price target on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. Finally, Rosenblatt Securities lowered their price target on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd.

Sirius XM Price Performance

SIRI opened at $22.63 on Friday. The firm has a market cap of $7.67 billion, a P/E ratio of -3.53, a PEG ratio of 0.79 and a beta of 1.06. The firm has a 50-day moving average of $23.65 and a 200 day moving average of $24.83. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. Sirius XM has a fifty-two week low of $20.47 and a fifty-two week high of $41.60.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.20. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. On average, research analysts expect that Sirius XM will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date was Friday, February 7th. Sirius XM’s payout ratio is -16.85%.

Institutional Trading of Sirius XM

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Union Bancaire Privee UBP SA purchased a new position in Sirius XM during the fourth quarter valued at $26,000. Putney Financial Group LLC purchased a new position in Sirius XM during the fourth quarter valued at $27,000. First Command Advisory Services Inc. purchased a new position in Sirius XM during the fourth quarter valued at $30,000. Geneos Wealth Management Inc. lifted its position in Sirius XM by 574.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after buying an additional 1,144 shares during the period. Finally, Itau Unibanco Holding S.A. lifted its position in Sirius XM by 255.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company’s stock valued at $42,000 after buying an additional 1,321 shares during the period. Hedge funds and other institutional investors own 10.69% of the company’s stock.

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.