Sirius XM Holdings Inc. (NASDAQ:SIRI) has received a consensus recommendation of “Hold” from the twenty-one ratings firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $5.94.
A number of research firms have recently issued reports on SIRI. Gabelli upped their target price on shares of Sirius XM from $4.75 to $6.10 and gave the stock a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research raised shares of Sirius XM from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a report on Thursday, November 2nd. BidaskClub lowered shares of Sirius XM from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th. Royal Bank of Canada began coverage on shares of Sirius XM in a report on Friday, September 15th. They set a “sector perform” rating and a $6.00 target price for the company. Finally, JPMorgan Chase & Co. lowered shares of Sirius XM from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $5.36 to $5.00 in a report on Tuesday, January 2nd.
Sirius XM (SIRI) traded up $0.24 during trading hours on Monday, reaching $5.55. 54,594,898 shares of the company’s stock were exchanged, compared to its average volume of 27,736,844. The company has a debt-to-equity ratio of -6.41, a current ratio of 0.19 and a quick ratio of 0.18. The firm has a market capitalization of $25,530.00, a PE ratio of 30.83, a PEG ratio of 1.58 and a beta of 1.12. Sirius XM has a 52 week low of $4.52 and a 52 week high of $5.89.
Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.02. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Sirius XM had a net margin of 16.71% and a negative return on equity of 93.51%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.04 earnings per share. equities research analysts predict that Sirius XM will post 0.19 earnings per share for the current year.
In other news, CEO James E. Meyer sold 172,704 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $5.68, for a total transaction of $980,958.72. Following the sale, the chief executive officer now owns 3,377,085 shares of the company’s stock, valued at $19,181,842.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Patrick L. Donnelly sold 1,374,479 shares of the stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $5.70, for a total transaction of $7,834,530.30. Following the sale, the executive vice president now directly owns 227,430 shares in the company, valued at approximately $1,296,351. The disclosure for this sale can be found here. 1.06% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of SIRI. Macquarie Group Ltd. raised its holdings in Sirius XM by 476.2% in the second quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock valued at $101,000 after acquiring an additional 15,200 shares in the last quarter. Colony Group LLC acquired a new stake in Sirius XM in the second quarter valued at approximately $102,000. Toronto Dominion Bank raised its holdings in Sirius XM by 9.7% in the second quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock valued at $111,000 after acquiring an additional 1,799 shares in the last quarter. Kalos Management Inc. acquired a new stake in Sirius XM in the third quarter valued at approximately $114,000. Finally, AE Wealth Management LLC increased its stake in Sirius XM by 72.7% in the third quarter. AE Wealth Management LLC now owns 23,579 shares of the company’s stock valued at $130,000 after purchasing an additional 9,924 shares during the last quarter. 19.57% of the stock is currently owned by hedge funds and other institutional investors.
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About Sirius XM
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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