Sirius XM Holdings Inc. (NASDAQ:SIRI) Receives Consensus Recommendation of “Hold” from Brokerages

Sirius XM Holdings Inc. (NASDAQ:SIRI) has been assigned an average recommendation of “Hold” from the ten research firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $24.4444.

SIRI has been the topic of several research analyst reports. UBS Group set a $24.00 target price on shares of Sirius XM in a research report on Tuesday, February 10th. Rosenblatt Securities raised their price target on shares of Sirius XM from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Moffett Nathanson assumed coverage on Sirius XM in a report on Tuesday, January 27th. They issued a “neutral” rating and a $21.00 price objective on the stock. Barrington Research reiterated an “outperform” rating and set a $28.00 price objective on shares of Sirius XM in a research note on Thursday, February 5th. Finally, Weiss Ratings cut Sirius XM from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 6th.

Sirius XM Price Performance

Sirius XM stock opened at $22.76 on Tuesday. The stock has a market capitalization of $7.62 billion, a P/E ratio of 10.16, a P/E/G ratio of 0.39 and a beta of 0.92. The company’s fifty day moving average price is $21.55 and its 200 day moving average price is $21.59. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.30 and a current ratio of 0.30. Sirius XM has a 1 year low of $18.69 and a 1 year high of $24.92.

Sirius XM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 11th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Wednesday, February 11th. Sirius XM’s payout ratio is presently 48.21%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rossby Financial LCC grew its holdings in shares of Sirius XM by 57.7% during the fourth quarter. Rossby Financial LCC now owns 1,621 shares of the company’s stock worth $32,000 after buying an additional 593 shares in the last quarter. Sound Income Strategies LLC purchased a new position in shares of Sirius XM in the third quarter worth about $33,000. Caitong International Asset Management Co. Ltd acquired a new position in Sirius XM during the fourth quarter worth about $40,000. Jessup Wealth Management Inc acquired a new position in Sirius XM during the fourth quarter worth about $40,000. Finally, Geneos Wealth Management Inc. grew its stake in Sirius XM by 36.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock valued at $41,000 after acquiring an additional 493 shares in the last quarter. Hedge funds and other institutional investors own 10.69% of the company’s stock.

About Sirius XM

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.