Sirius XM Holdings Inc. (NASDAQ:SIRI) had its target price boosted by Pivotal Research from $6.25 to $6.80 in a research note issued to investors on Wednesday morning. Pivotal Research currently has a buy rating on the stock.
A number of other research firms have also recently issued reports on SIRI. Piper Jaffray Companies set a $7.00 price objective on Sirius XM Holdings and gave the stock a buy rating in a report on Thursday, July 27th. BidaskClub cut Sirius XM Holdings from a strong-buy rating to a buy rating in a report on Friday, July 28th. Vetr cut Sirius XM Holdings from a strong-buy rating to a hold rating and set a $6.06 price objective for the company. in a report on Monday, July 31st. Zacks Investment Research cut Sirius XM Holdings from a buy rating to a hold rating in a report on Monday, July 31st. Finally, FBR & Co reiterated an outperform rating and issued a $6.00 price objective (up from $5.70) on shares of Sirius XM Holdings in a report on Sunday, July 30th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Sirius XM Holdings has an average rating of Buy and a consensus target price of $6.01.
Sirius XM Holdings (SIRI) traded up 0.36% during trading on Wednesday, reaching $5.58. The company’s stock had a trading volume of 12,824,192 shares. The company has a market cap of $25.74 billion, a PE ratio of 32.82 and a beta of 1.07. The stock has a 50-day moving average price of $5.60 and a 200 day moving average price of $5.38. Sirius XM Holdings has a 52-week low of $4.07 and a 52-week high of $5.89.
Sirius XM Holdings (NASDAQ:SIRI) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the business earned $0.04 EPS. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, analysts expect that Sirius XM Holdings will post $0.18 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be given a dividend of $0.011 per share. This is a positive change from Sirius XM Holdings’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.79%. Sirius XM Holdings’s dividend payout ratio is presently 25.00%.
Large investors have recently made changes to their positions in the company. Macquarie Group Ltd. raised its position in shares of Sirius XM Holdings by 476.2% in the 2nd quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock worth $101,000 after acquiring an additional 15,200 shares in the last quarter. Pitcairn Co. raised its position in shares of Sirius XM Holdings by 1.3% in the 2nd quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock worth $102,000 after acquiring an additional 237 shares in the last quarter. Colony Group LLC bought a new position in shares of Sirius XM Holdings in the 2nd quarter worth approximately $102,000. Toronto Dominion Bank raised its position in shares of Sirius XM Holdings by 9.7% in the 2nd quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock worth $111,000 after acquiring an additional 1,799 shares in the last quarter. Finally, Advisor Partners LLC raised its position in shares of Sirius XM Holdings by 103.7% in the 2nd quarter. Advisor Partners LLC now owns 23,449 shares of the company’s stock worth $128,000 after acquiring an additional 11,938 shares in the last quarter. 20.21% of the stock is owned by hedge funds and other institutional investors.
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.