Sirius XM Holdings Inc. (NASDAQ:SIRI) Receives Average Recommendation of “Hold” from Brokerages

Sirius XM Holdings Inc. (NASDAQ:SIRI) has been given an average rating of “Hold” by the ten brokerages that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $24.4444.

Several research firms have recently weighed in on SIRI. UBS Group set a $24.00 price objective on shares of Sirius XM in a research report on Tuesday, February 10th. Barrington Research restated an “outperform” rating and set a $28.00 price objective on shares of Sirius XM in a research report on Thursday, February 5th. Moffett Nathanson assumed coverage on shares of Sirius XM in a research note on Tuesday, January 27th. They set a “neutral” rating and a $21.00 price objective for the company. Weiss Ratings lowered shares of Sirius XM from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 6th. Finally, JPMorgan Chase & Co. raised shares of Sirius XM from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $20.00 to $24.00 in a research note on Tuesday, February 10th.

Sirius XM Stock Performance

NASDAQ:SIRI opened at $28.06 on Friday. Sirius XM has a twelve month low of $19.41 and a twelve month high of $28.44. 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 company has a 50-day moving average of $22.80 and a 200-day moving average of $21.77. The firm has a market cap of $9.44 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 0.70 and a beta of 0.85.

Sirius XM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 11th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $1.08 dividend on an annualized basis and a yield of 3.8%. Sirius XM’s dividend payout ratio is currently 48.21%.

Institutional Trading of Sirius XM

A number of hedge funds have recently bought and sold shares of SIRI. Berkshire Hathaway Inc lifted its stake in Sirius XM by 4.2% during the third quarter. Berkshire Hathaway Inc now owns 124,807,117 shares of the company’s stock valued at $2,904,886,000 after buying an additional 5,030,425 shares in the last quarter. AQR Capital Management LLC lifted its stake in Sirius XM by 165.2% during the second quarter. AQR Capital Management LLC now owns 5,191,440 shares of the company’s stock valued at $117,327,000 after buying an additional 3,233,922 shares in the last quarter. Norges Bank purchased a new stake in Sirius XM during the fourth quarter valued at about $57,124,000. Hsbc Holdings PLC lifted its stake in Sirius XM by 858.4% during the fourth quarter. Hsbc Holdings PLC now owns 2,076,539 shares of the company’s stock valued at $41,726,000 after buying an additional 1,859,872 shares in the last quarter. Finally, Pacer Advisors Inc. purchased a new stake in shares of Sirius XM in the fourth quarter worth approximately $34,548,000. 10.69% of the stock is owned by hedge funds and other institutional investors.

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.