Sirius XM Holdings Inc. (NASDAQ:SIRI) has earned a consensus rating of “Buy” from the nineteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $6.01.

SIRI has been the topic of a number of analyst reports. KeyCorp reiterated a “hold” rating on shares of Sirius XM in a research report on Friday, August 25th. Royal Bank of Canada initiated coverage on Sirius XM in a research report on Friday, September 15th. They set a “sector perform” rating and a $6.00 target price on the stock. Zacks Investment Research lowered Sirius XM from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. Bank of America set a $7.00 target price on Sirius XM and gave the company a “buy” rating in a research report on Thursday, October 12th. Finally, Piper Jaffray Companies set a $7.00 target price on Sirius XM and gave the company a “buy” rating in a research report on Wednesday, October 11th.

Sirius XM (SIRI) traded down $0.29 during trading on Thursday, hitting $5.37. The stock had a trading volume of 95,377,357 shares, compared to its average volume of 14,885,699. The company has a debt-to-equity ratio of -6.41, a current ratio of 0.19 and a quick ratio of 0.18. Sirius XM has a 12 month low of $4.40 and a 12 month high of $5.89. The firm has a market cap of $24,679.55, a PE ratio of 29.83, a P/E/G ratio of 1.72 and a beta of 1.12.

Sirius XM (NASDAQ:SIRI) last issued its earnings results on Wednesday, October 25th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. Sirius XM had a negative return on equity of 93.51% and a net margin of 16.71%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the prior year, the firm earned $0.04 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. research analysts anticipate that Sirius XM will post 0.19 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th were issued a $0.011 dividend. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.04 annualized dividend and a yield of 0.82%. This is a positive change from Sirius XM’s previous quarterly dividend of $0.01. Sirius XM’s dividend payout ratio is presently 22.22%.

In other Sirius XM news, CEO James E. Meyer sold 172,704 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $5.68, for a total value of $980,958.72. Following the transaction, the chief executive officer now owns 3,377,085 shares in the company, valued at $19,181,842.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Patrick L. Donnelly sold 1,374,479 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $5.70, for a total value of $7,834,530.30. Following the completion of the transaction, the executive vice president now 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 made changes to their positions in the business. Victory Capital Management Inc. raised its stake in shares of Sirius XM by 21.3% in the second quarter. Victory Capital Management Inc. now owns 361,743 shares of the company’s stock worth $1,979,000 after purchasing an additional 63,445 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Sirius XM by 17.2% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 533,483 shares of the company’s stock worth $2,918,000 after purchasing an additional 78,260 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Sirius XM by 1.5% in the second quarter. Legal & General Group Plc now owns 7,628,218 shares of the company’s stock worth $41,726,000 after purchasing an additional 111,962 shares during the last quarter. Engineers Gate Manager LP raised its stake in shares of Sirius XM by 603.6% in the second quarter. Engineers Gate Manager LP now owns 97,890 shares of the company’s stock worth $535,000 after purchasing an additional 83,978 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of Sirius XM by 0.5% in the third quarter. Swiss National Bank now owns 6,046,258 shares of the company’s stock worth $33,375,000 after purchasing an additional 27,200 shares during the last quarter. Institutional investors and hedge funds own 19.65% of the company’s stock.

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Sirius XM 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.

Analyst Recommendations for Sirius XM (NASDAQ:SIRI)

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