Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have been given an average recommendation of “Hold” by the eighteen ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $5.29.
A number of brokerages recently issued reports on SIRI. Barclays PLC set a $5.00 price target on Sirius XM Holdings and gave the company a “hold” rating in a report on Sunday, April 30th. Vetr raised Sirius XM Holdings from a “sell” rating to a “hold” rating and set a $5.18 price target for the company in a report on Tuesday, June 6th. Zacks Investment Research downgraded Sirius XM Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $5.50 price target on shares of Sirius XM Holdings in a report on Friday, June 16th.
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Shares of Sirius XM Holdings (NASDAQ SIRI) remained flat at $5.47 during trading on Monday. 16,958,345 shares of the company traded hands. Sirius XM Holdings has a 52 week low of $4.05 and a 52 week high of $5.53. The firm has a market cap of $25.52 billion, a PE ratio of 34.19 and a beta of 1.11. The firm’s 50-day moving average price is $5.34 and its 200-day moving average price is $5.05.
Sirius XM Holdings (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, April 27th. The company reported $0.04 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.04. Sirius XM Holdings had a negative return on equity of 104.00% and a net margin of 15.24%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the company posted $0.03 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities research analysts anticipate that Sirius XM Holdings will post $0.18 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Tuesday, August 8th. Sirius XM Holdings’s payout ratio is currently 26.67%.
Large investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC increased its stake in Sirius XM Holdings by 3.9% in the first quarter. Janney Montgomery Scott LLC now owns 71,552 shares of the company’s stock valued at $368,000 after buying an additional 2,664 shares during the last quarter. UBS Group AG increased its stake in Sirius XM Holdings by 12.1% in the first quarter. UBS Group AG now owns 1,114,285 shares of the company’s stock valued at $5,739,000 after buying an additional 119,915 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Sirius XM Holdings by 220.0% in the first quarter. Daiwa Securities Group Inc. now owns 164,500 shares of the company’s stock valued at $847,000 after buying an additional 113,100 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Sirius XM Holdings during the first quarter valued at $770,000. Finally, Fifth Third Bancorp increased its stake in Sirius XM Holdings by 4.1% in the first quarter. Fifth Third Bancorp now owns 62,450 shares of the company’s stock valued at $322,000 after buying an additional 2,487 shares during the last quarter. 22.14% of the stock is owned by institutional investors and hedge funds.
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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