Sirius XM Holdings Inc. (SIRI) Given Average Recommendation of “Buy” by Brokerages
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.
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.
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