Sirius XM Holdings Inc. (NASDAQ:SIRI) Receives $26.81 Average Price Target from Brokerages

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have earned a consensus rating of “Reduce” from the fourteen research firms that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $26.81.

SIRI has been the subject of a number of research reports. Barrington Research set a $28.00 target price on shares of Sirius XM in a research note on Friday, January 31st. Wells Fargo & Company cut their target price on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research note on Thursday, December 19th. Guggenheim cut their target price on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Rosenblatt Securities lowered their price target on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Finally, Morgan Stanley lowered their price target on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research report on Thursday, January 23rd.

Hedge Funds Weigh In On Sirius XM

Several institutional investors and hedge funds have recently bought and sold shares of the company. Putney Financial Group LLC acquired a new position in Sirius XM in the 4th quarter valued at about $27,000. Mackenzie Financial Corp lifted its holdings in shares of Sirius XM by 28.3% in the 4th quarter. Mackenzie Financial Corp now owns 36,275 shares of the company’s stock worth $827,000 after acquiring an additional 8,012 shares during the last quarter. Helium Advisors LLC acquired a new position in shares of Sirius XM in the 4th quarter worth approximately $1,745,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Sirius XM by 76.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 833,202 shares of the company’s stock worth $18,997,000 after acquiring an additional 361,624 shares during the last quarter. Finally, Vident Advisory LLC acquired a new position in shares of Sirius XM in the 4th quarter worth approximately $231,000. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Stock Up 3.8 %

SIRI opened at $22.67 on Friday. Sirius XM has a fifty-two week low of $20.47 and a fifty-two week high of $41.60. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The company has a fifty day moving average of $23.66 and a two-hundred day moving average of $24.97. The stock has a market capitalization of $7.68 billion, a price-to-earnings ratio of -3.54, a PEG ratio of 0.79 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.20. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. On average, research analysts expect that Sirius XM will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a $0.27 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.08 annualized dividend and a yield of 4.76%. Sirius XM’s payout ratio is -16.85%.

About Sirius XM

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company’s Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.