The Vetr Inc. Lowers Sirius XM Holdings Inc. (SIRI) to Sell

The Vetr Inc. Lowers Sirius XM Holdings Inc. (SIRI) to Sell

Other equities analysts have also issued reports about the stock. Evercore ISI lowered shares of Sirius XM Holdings to a “buy” rating in a research report on Friday, March 3rd. Barclays PLC downgraded shares of Sirius XM Holdings from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $5.16 to $4.90 in a research note on Wednesday, March 22nd. Wunderlich downgraded shares of Sirius XM Holdings from a “buy” rating to a “hold” rating and upped their price target for the company from $5.00 to $5.50 in a research note on Thursday, March 16th. FBR & Co upped their price target on shares of Sirius XM Holdings from $5.00 to $5.25 and gave the company an “outperform” rating in a research note on Tuesday, February 7th. Finally, Macquarie reaffirmed an “outperform” rating and set a $5.85 price target on shares of Sirius XM Holdings in a research note on Thursday, April 13th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $5.21.

Sirius XM Holdings Inc. (NASDAQ:SIRI) was downgraded by investment analysts at Vetr from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday. They presently have a $5.12 target price on the stock. Vetr‘s price objective would indicate a potential downside of 6.65% from the company’s previous close.

Sirius XM Holdings (NASDAQ:SIRI) opened at 5.485 on Monday. The company has a 50-day moving average of $5.01 and a 200 day moving average of $4.86. Sirius XM Holdings has a 12-month low of $3.74 and a 12-month high of $5.53. The company has a market capitalization of $25.59 billion, a P/E ratio of 34.281 and a beta of 1.21.

Sirius XM Holdings (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, April 27th. The company reported $0.04 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.04. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. Sirius XM Holdings had a net margin of 14.81% and a negative return on equity of 112.66%. The company’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 earnings per share. Equities research analysts forecast that Sirius XM Holdings will post $0.18 earnings per share for the current fiscal year. The business also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Wednesday, May 10th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Monday, May 8th. Sirius XM Holdings’s payout ratio is presently 28.57%.

Sirius XM Holdings (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, April 27th. The company reported $0.04 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.04. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. Sirius XM Holdings had a net margin of 14.81% and a negative return on equity of 112.66%. The company’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 earnings per share. Equities research analysts forecast that Sirius XM Holdings will post $0.18 earnings per share for the current fiscal year. Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dynamic Capital Management Ltd boosted its position in Sirius XM Holdings by 143.7% in the third quarter. Dynamic Capital Management Ltd now owns 594,400 shares of the company’s stock worth $2,479,000 after buying an additional 350,500 shares during the last quarter. SECOR Capital Advisors LP boosted its position in Sirius XM Holdings by 1,170.1% in the third quarter. SECOR Capital Advisors LP now owns 478,530 shares of the company’s stock worth $1,995,000 after buying an additional 440,853 shares during the last quarter. Two Sigma Securities LLC boosted its position in Sirius XM Holdings by 3,818.7% in the third quarter. Two Sigma Securities LLC now owns 445,755 shares of the company’s stock worth $1,859,000 after buying an additional 434,380 shares during the last quarter. Gotham Asset Management LLC bought a new position in Sirius XM Holdings during the third quarter worth approximately $2,904,000. Finally, Russell Investments Group Ltd. bought a new position in Sirius XM Holdings during the fourth quarter worth approximately $3,647,000. Hedge funds and other institutional investors own 22.15% 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SIRI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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