Sirius XM Holdings Inc. (NASDAQ:SIRI – Get Free Report) has been assigned a consensus recommendation of “Reduce” from the ten ratings firms that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $4.98.
Several analysts have weighed in on SIRI shares. Wells Fargo & Company reiterated an “underweight” rating and set a $4.50 price target (down previously from $5.00) on shares of Sirius XM in a research note on Tuesday, January 23rd. StockNews.com assumed coverage on Sirius XM in a research note on Friday. They issued a “hold” rating on the stock. Benchmark reaffirmed a “buy” rating and set a $7.00 target price on shares of Sirius XM in a report on Wednesday, December 13th. Citigroup raised their target price on Sirius XM from $3.60 to $4.10 and gave the stock a “sell” rating in a report on Friday, January 12th. Finally, Seaport Res Ptn lowered Sirius XM from a “buy” rating to a “neutral” rating in a report on Tuesday, October 31st.
Sirius XM Price Performance
Sirius XM (NASDAQ:SIRI – Get Free Report) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.30 billion. Sirius XM had a negative return on equity of 42.54% and a net margin of 14.05%. As a group, equities research analysts anticipate that Sirius XM will post 0.3 earnings per share for the current year.
Sirius XM Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be given a dividend of $0.0266 per share. The ex-dividend date is Thursday, February 8th. This represents a $0.11 dividend on an annualized basis and a yield of 2.12%. Sirius XM’s dividend payout ratio is currently 31.25%.
Insiders Place Their Bets
In other Sirius XM news, Director James E. Meyer sold 800,000 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $4.92, for a total transaction of $3,936,000.00. Following the transaction, the director now owns 1,091,472 shares in the company, valued at $5,370,042.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.79% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Sirius XM
Several hedge funds and other institutional investors have recently made changes to their positions in the company. GM Advisory Group LLC lifted its position in shares of Sirius XM by 10.0% in the fourth quarter. GM Advisory Group LLC now owns 22,003 shares of the company’s stock valued at $120,000 after acquiring an additional 2,000 shares in the last quarter. DLD Asset Management LP purchased a new position in shares of Sirius XM in the fourth quarter valued at approximately $60,000. Boulder Hill Capital Management LP purchased a new position in shares of Sirius XM in the fourth quarter valued at approximately $2,473,000. Qtron Investments LLC purchased a new position in shares of Sirius XM in the fourth quarter valued at approximately $234,000. Finally, Capstone Investment Advisors LLC purchased a new position in shares of Sirius XM in the fourth quarter valued at approximately $157,000. Hedge funds and other institutional investors own 10.50% of the company’s stock.
Sirius XM Company Profile
Sirius XM Holdings Inc, an audio entertainment company, operates audio business including subscription entertainment services in the United States. It operates through Sirius XM, and Pandora and Off-platform segment. The company's Sirius XM segment provides music, sports, entertainment, comedy, 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 system and streamed via applications for mobile and home devices, and other consumer electronic equipment.
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