Sirius XM Holdings Inc. (NASDAQ:SIRI)’s share price dropped 1.4% on Thursday . The company traded as low as $4.18 and last traded at $4.18, with a volume of 44,387,625 shares trading hands. The stock had previously closed at $4.24.

SIRI has been the subject of a number of recent analyst reports. Telsey Advisory Group initiated coverage on Sirius XM Holdings in a research report on Tuesday, July 12th. They issued a “market perform” rating and a $4.59 price target for the company. Zacks Investment Research lowered Sirius XM Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 27th. Citigroup Inc. raised their price objective on Sirius XM Holdings from $4.50 to $4.85 and gave the stock a “buy” rating in a research report on Thursday. FBR & Co restated an “outperform” rating and set a $5.00 price objective (up from $4.25) on shares of Sirius XM Holdings in a research report on Thursday, July 28th. Finally, Bank of America Corp. restated a “buy” rating and set a $5.00 price objective on shares of Sirius XM Holdings in a research report on Thursday, June 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. Sirius XM Holdings currently has a consensus rating of “Buy” and a consensus price target of $4.69.

The company has a 50-day moving average of $4.19 and a 200 day moving average of $3.94. The firm has a market cap of $20.44 billion and a P/E ratio of 34.92.

Sirius XM Holdings (NASDAQ:SIRI) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.01. The business earned $1.20 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the business earned $0.03 EPS. Sirius XM Holdings’s quarterly revenue was up 10.0% on a year-over-year basis. On average, analysts anticipate that Sirius XM Holdings Inc. will post $0.14 earnings per share for the current year.

An institutional investor recently raised its position in Sirius XM Holdings stock. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 5.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 304,385 shares of the company’s stock after buying an additional 14,578 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD.’s holdings in Sirius XM Holdings were worth $1,239,000 at the end of the most recent reporting period.

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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