Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have been given a consensus recommendation of “Buy” by the twenty brokerages that are currently covering the firm. Ten analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $4.85.

SIRI has been the subject of a number of recent analyst reports. Bank of America Corp. set a $6.00 price objective on Sirius XM Holdings and gave the company a “buy” rating in a research note on Tuesday, October 4th. Zacks Investment Research upgraded Sirius XM Holdings from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a research note on Tuesday, October 4th. Pivotal Research restated a “buy” rating and set a $5.65 price objective (up previously from $5.00) on shares of Sirius XM Holdings in a research note on Friday, September 30th. Wunderlich restated a “buy” rating and set a $5.00 price objective on shares of Sirius XM Holdings in a research note on Sunday, September 4th. Finally, Citigroup Inc. raised their price objective on Sirius XM Holdings from $4.50 to $4.85 and gave the company a “buy” rating in a research note on Thursday, August 18th.

Sirius XM Holdings (NASDAQ:SIRI) traded down 0.65% during midday trading on Wednesday, hitting $4.58. The stock had a trading volume of 13,245,627 shares. Sirius XM Holdings has a one year low of $3.29 and a one year high of $4.65. The stock has a 50-day moving average price of $4.28 and a 200 day moving average price of $4.14. The firm has a market cap of $22.10 billion, a PE ratio of 35.50 and a beta of 1.24.

Sirius XM Holdings (NASDAQ:SIRI) last posted its earnings results on Thursday, October 27th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. Sirius XM Holdings had a negative return on equity of 133.77% and a net margin of 13.70%. The business earned $1.30 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the firm earned $0.03 earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, analysts predict that Sirius XM Holdings will post $0.15 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Wednesday, November 9th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.87%. The ex-dividend date is Monday, November 7th. Sirius XM Holdings’s payout ratio is currently 30.77%.

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Institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its position in shares of Sirius XM Holdings by 18.5% in the first quarter. Envestnet Asset Management Inc. now owns 258,135 shares of the company’s stock valued at $1,020,000 after buying an additional 40,310 shares during the period. First Republic Investment Management Inc. boosted its position in shares of Sirius XM Holdings by 71.0% in the first quarter. First Republic Investment Management Inc. now owns 653,587 shares of the company’s stock valued at $2,583,000 after buying an additional 271,291 shares during the period. British Columbia Investment Management Corp boosted its position in shares of Sirius XM Holdings by 2.9% in the second quarter. British Columbia Investment Management Corp now owns 1,392,534 shares of the company’s stock valued at $5,501,000 after buying an additional 38,878 shares during the period. Chevy Chase Trust Holdings Inc. purchased a new position in shares of Sirius XM Holdings during the second quarter valued at about $149,000. Finally, Atria Investments LLC purchased a new position in shares of Sirius XM Holdings during the second quarter valued at about $158,000. Institutional investors own 22.64% of the company’s stock.

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.

5 Day Chart for NASDAQ:SIRI

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