Sirius XM Holdings Inc. (NASDAQ:SIRI) Earns Buy Rating from Pivotal Research
Other equities analysts have also issued reports about the company. Vetr lowered Sirius XM Holdings from a strong-buy rating to a buy rating and set a $5.79 target price on the stock. in a research report on Monday, June 19th. Bank of America Corporation reiterated a buy rating and set a $5.50 price target on shares of Sirius XM Holdings in a report on Friday, June 16th. Macquarie reiterated a buy rating and set a $6.00 price target (up previously from $5.65) on shares of Sirius XM Holdings in a report on Thursday, July 27th. Piper Jaffray Companies set a $7.00 price target on Sirius XM Holdings and gave the stock a buy rating in a report on Thursday, July 27th. Finally, BidaskClub downgraded Sirius XM Holdings from a strong-buy rating to a buy rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Sirius XM Holdings currently has a consensus rating of Buy and an average target price of $5.73.
Shares of Sirius XM Holdings (SIRI) traded up 1.27% during mid-day trading on Friday, reaching $5.57. 18,492,509 shares of the company traded hands. The stock’s 50 day moving average is $5.49 and its 200 day moving average is $5.16. Sirius XM Holdings has a 52-week low of $4.05 and a 52-week high of $5.89. The stock has a market capitalization of $25.69 billion, a PE ratio of 32.76 and a beta of 1.11.
Sirius XM Holdings (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the firm earned $0.04 earnings per share. The company’s revenue was up 9.1% compared to the same quarter last year. On average, analysts anticipate that Sirius XM Holdings will post $0.18 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be issued a dividend of $0.01 per share. The ex-dividend date is Tuesday, August 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.72%. Sirius XM Holdings’s dividend payout ratio (DPR) is 25.00%.
Several hedge funds have recently added to or reduced their stakes in the stock. Miracle Mile Advisors LLC boosted its stake in Sirius XM Holdings by 1.5% in the first quarter. Miracle Mile Advisors LLC now owns 19,880 shares of the company’s stock valued at $102,000 after buying an additional 300 shares during the last quarter. Pitcairn Co. boosted its stake in Sirius XM Holdings by 1.3% in the second quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock valued at $102,000 after buying an additional 237 shares during the last quarter. Altfest L J & Co. Inc. acquired a new stake in Sirius XM Holdings during the first quarter valued at $105,000. Greenwich Wealth Management LLC acquired a new stake in Sirius XM Holdings during the first quarter valued at $108,000. Finally, Concorde Asset Management LLC acquired a new stake in Sirius XM Holdings during the first quarter valued at $128,000. 22.30% of the stock is currently owned by hedge funds and other institutional investors.
About Sirius XM Holdings
Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.
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