Sirius XM Holdings Inc. (SIRI) – What Are Analysts Thinking About This Stock?

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have been assigned an average recommendation of “Hold” from the nineteen research firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $32.15.

SIRI has been the topic of a number of recent research reports. Citigroup restated a “sell” rating and set a $25.00 price target (up from $22.00) on shares of Sirius XM in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft upgraded Sirius XM from a “hold” rating to a “buy” rating and lifted their price objective for the company from $31.00 to $45.00 in a report on Wednesday, September 2nd. Benchmark reaffirmed a “buy” rating on shares of Sirius XM in a research note on Wednesday, July 29th. Morgan Stanley increased their target price on shares of Sirius XM from $24.00 to $28.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. Finally, William Blair raised shares of Sirius XM to a “market perform” rating in a research report on Wednesday, September 2nd.

Insider Transactions at Sirius XM

In related news, Director Jonelle Procope sold 16,672 shares of Sirius XM stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $29.97, for a total transaction of $499,659.84. Following the transaction, the director directly owned 18,354 shares of the company’s stock, valued at $550,069.38. This trade represents a 47.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 3.27% of the stock is currently owned by insiders.

Institutional Trading of Sirius XM

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Sirius XM by 82.9% during the 2nd quarter. BlackRock Inc. now owns 17,602,229 shares of the company’s stock valued at $519,970,000 after acquiring an additional 7,977,045 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Sirius XM by 262.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,301,181 shares of the company’s stock valued at $145,426,000 after acquiring an additional 4,560,821 shares during the period. State Street Corp raised its position in shares of Sirius XM by 68.9% in the 2nd quarter. State Street Corp now owns 5,992,497 shares of the company’s stock worth $177,018,000 after acquiring an additional 2,444,881 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Sirius XM by 858.4% in the 4th quarter. Hsbc Holdings PLC now owns 2,076,539 shares of the company’s stock worth $41,726,000 after acquiring an additional 1,859,872 shares in the last quarter. Finally, Pacer Advisors Inc. bought a new position in shares of Sirius XM in the 4th quarter worth $34,548,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Trading Down 0.7%

NASDAQ:SIRI traded down $0.18 during midday trading on Friday, hitting $26.97. The stock had a trading volume of 4,162,372 shares, compared to its average volume of 4,710,802. Sirius XM has a one year low of $19.76 and a one year high of $32.66. The company has a market capitalization of $9.09 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 0.49 and a beta of 0.98. The stock has a 50-day moving average of $27.73 and a 200 day moving average of $27.84. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.79.

Sirius XM (NASDAQ:SIRI) last issued its earnings results on Thursday, July 30th. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.08). Sirius XM had a net margin of 10.23% and a return on equity of 9.37%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the firm earned $0.57 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, sell-side analysts forecast that Sirius XM will post 2.98 EPS for the current year.

Sirius XM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Monday, August 10th were paid a dividend of $0.27 per share. The ex-dividend date was Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.0%. Sirius XM’s dividend payout ratio (DPR) is currently 43.20%.

About Sirius XM

Sirius XM Holdings Inc (NASDAQ: SIRI) is an audio entertainment company that provides subscription-based satellite radio and streaming services in the United States and Canada. Its SiriusXM service offers commercial-free music, live sports, news, talk programming, comedy, entertainment, and exclusive original content through connected vehicles, the SiriusXM app, and other connected devices.

The company distributes SiriusXM primarily through automakers and vehicle dealers, as well as directly to consumers.