Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have earned an average rating of “Buy” from the eighteen brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $5.82.

A number of equities research analysts have recently issued reports on SIRI shares. Vetr cut Sirius XM Holdings from a “buy” rating to a “hold” rating and set a $5.00 price objective on the stock. in a research note on Thursday, May 18th. Bank of America Corporation reiterated a “buy” rating and set a $5.50 price objective on shares of Sirius XM Holdings in a research note on Friday, June 16th. BidaskClub upgraded Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. Finally, Zacks Investment Research cut Sirius XM Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th.

A number of hedge funds have recently bought and sold shares of the business. Toronto Dominion Bank increased its position in Sirius XM Holdings by 9.7% during the 2nd quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock worth $111,000 after buying an additional 1,799 shares during the period. Colony Group LLC bought a new position in Sirius XM Holdings during the 2nd quarter worth $102,000. National Asset Management Inc. increased its position in Sirius XM Holdings by 33.1% during the 2nd quarter. National Asset Management Inc. now owns 29,711 shares of the company’s stock worth $163,000 after buying an additional 7,386 shares during the period. Chiron Investment Management LLC increased its position in Sirius XM Holdings by 143.9% during the 2nd quarter. Chiron Investment Management LLC now owns 2,709,646 shares of the company’s stock worth $14,822,000 after buying an additional 1,598,500 shares during the period. Finally, Scotia Capital Inc. increased its position in Sirius XM Holdings by 0.8% during the 2nd quarter. Scotia Capital Inc. now owns 25,494 shares of the company’s stock worth $139,000 after buying an additional 206 shares during the period. Hedge funds and other institutional investors own 20.42% of the company’s stock.

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Sirius XM Holdings (SIRI) traded down 1.76% during trading on Tuesday, hitting $5.59. 19,900,234 shares of the stock were exchanged. Sirius XM Holdings has a 1-year low of $4.05 and a 1-year high of $5.89. The firm’s 50 day moving average price is $5.58 and its 200-day moving average price is $5.26. The stock has a market cap of $25.79 billion, a price-to-earnings ratio of 32.88 and a beta of 1.08.

Sirius XM Holdings (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the business posted $0.04 EPS. The business’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 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Tuesday, August 8th. Sirius XM Holdings’s payout ratio is 25.00%.

Sirius XM Holdings Company Profile

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.

Analyst Recommendations for Sirius XM Holdings (NASDAQ:SIRI)

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