Sirius XM Holdings Inc. (NASDAQ:SIRI) Receives $24.44 Consensus Target Price from Brokerages

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have received 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 rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $24.4444.

Several brokerages have recently commented on SIRI. Barrington Research reiterated an “outperform” rating and set a $28.00 price objective on shares of Sirius XM in a report on Thursday, February 5th. Rosenblatt Securities increased their price objective on Sirius XM from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, February 6th. JPMorgan Chase & Co. upgraded Sirius XM from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $20.00 to $24.00 in a report on Tuesday, February 10th. Weiss Ratings lowered Sirius XM from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 6th. Finally, UBS Group set a $24.00 price objective on Sirius XM in a report on Tuesday, February 10th.

Sirius XM Stock Performance

Shares of SIRI opened at $27.22 on Friday. Sirius XM has a 12 month low of $19.41 and a 12 month high of $27.23. The stock has a fifty day moving average price of $22.58 and a 200-day moving average price of $21.71. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.75. The firm has a market cap of $9.16 billion, a PE ratio of 12.15, a P/E/G ratio of 0.68 and a beta of 0.85.

Sirius XM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 11th were paid a $0.27 dividend. The ex-dividend date was Wednesday, February 11th. This represents a $1.08 dividend on an annualized basis and a yield of 4.0%. Sirius XM’s dividend payout ratio (DPR) is 48.21%.

Hedge Funds Weigh In On Sirius XM

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SIRI. Berkshire Hathaway Inc raised its stake in Sirius XM by 4.2% in the 3rd quarter. Berkshire Hathaway Inc now owns 124,807,117 shares of the company’s stock worth $2,904,886,000 after acquiring an additional 5,030,425 shares during the last quarter. AQR Capital Management LLC raised its stake in Sirius XM by 165.2% in the 2nd quarter. AQR Capital Management LLC now owns 5,191,440 shares of the company’s stock worth $117,327,000 after acquiring an additional 3,233,922 shares during the last quarter. Norges Bank purchased a new position in Sirius XM in the 4th quarter worth $57,124,000. Hsbc Holdings PLC raised its stake in 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 during the last quarter. Finally, Pacer Advisors Inc. purchased a new position in 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 Company Profile

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.