Sirius XM Holdings Inc. (SIRI) Receives $4.96 Average PT from Analysts

Sirius XM Holdings Inc. (SIRI) Receives $4.96 Average PT from Analysts

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have been given an average rating of “Buy” by the eighteen research firms that are presently covering the company. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $5.04.

Several research firms have recently commented on SIRI. Zacks Investment Research raised shares of Sirius XM Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, January 24th. Telsey Advisory Group boosted their target price on shares of Sirius XM Holdings from $4.59 to $5.00 and gave the stock a “market perform” rating in a research report on Friday, February 3rd. FBR & Co boosted their target price on shares of Sirius XM Holdings from $5.00 to $5.25 and gave the stock an “outperform” rating in a research report on Tuesday. BTIG Research reissued a “neutral” rating on shares of Sirius XM Holdings in a research report on Friday, December 9th. Finally, Barclays PLC boosted their target price on shares of Sirius XM Holdings from $4.60 to $4.90 and gave the stock an “overweight” rating in a research report on Tuesday, January 24th.

Sirius XM Holdings (NASDAQ:SIRI) opened at 4.715 on Friday. The company has a market capitalization of $22.23 billion, a PE ratio of 31.433 and a beta of 1.21. The firm has a 50-day moving average of $4.61 and a 200 day moving average of $4.35. Sirius XM Holdings has a 12-month low of $3.32 and a 12-month high of $4.82.

Sirius XM Holdings (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, February 2nd. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. Sirius XM Holdings had a net margin of 14.81% and a negative return on equity of 112.66%. The firm earned $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm posted $0.03 earnings per share. The business’s revenue was up 8.9% compared to the same quarter last year. Analysts forecast that Sirius XM Holdings will post $0.18 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 28th. Stockholders of record on Tuesday, February 7th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Friday, February 3rd. Sirius XM Holdings’s dividend payout ratio (DPR) is currently 28.57%.

Several hedge funds have recently bought and sold shares of SIRI. Victory Capital Management Inc. raised its stake in Sirius XM Holdings by 6,232.1% in the third quarter. Victory Capital Management Inc. now owns 15,325,778 shares of the company’s stock valued at $63,908,000 after buying an additional 15,083,746 shares during the period. Two Sigma Advisers LP acquired a new stake in Sirius XM Holdings during the third quarter valued at about $18,942,000. Morgan Stanley raised its stake in Sirius XM Holdings by 63.5% in the third quarter. Morgan Stanley now owns 9,344,331 shares of the company’s stock valued at $38,965,000 after buying an additional 3,630,842 shares during the period. BNP Paribas Arbitrage SA raised its stake in Sirius XM Holdings by 1,303.7% in the third quarter. BNP Paribas Arbitrage SA now owns 2,329,480 shares of the company’s stock valued at $9,714,000 after buying an additional 2,163,531 shares during the period. Finally, Chevy Chase Trust Holdings Inc. raised its stake in Sirius XM Holdings by 5,583.0% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 2,147,392 shares of the company’s stock valued at $8,955,000 after buying an additional 2,109,606 shares during the period. 22.56% of the stock is currently owned by institutional investors.

About Sirius XM Holdings

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.

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