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

Sirius XM Holdings Inc. (NASDAQ:SIRI) has been given a consensus recommendation of “Reduce” by the fourteen brokerages that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $26.81.

Several equities research analysts recently commented on the company. Seaport Res Ptn downgraded Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Morgan Stanley reduced their price objective on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a report on Thursday, January 23rd. Guggenheim reduced their price objective on Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Rosenblatt Securities reduced their price objective on Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Finally, Wells Fargo & Company reduced their price objective on Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a report on Thursday, December 19th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue lifted its position in shares of Sirius XM by 21.2% during the 4th quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company’s stock valued at $5,340,000 after buying an additional 41,000 shares in the last quarter. Check Capital Management Inc. CA lifted its position in shares of Sirius XM by 597.7% during the 4th quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock valued at $26,123,000 after buying an additional 981,517 shares in the last quarter. Legato Capital Management LLC lifted its holdings in Sirius XM by 21.9% in the 4th quarter. Legato Capital Management LLC now owns 85,500 shares of the company’s stock worth $1,949,000 after purchasing an additional 15,342 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Sirius XM by 209.1% in the 3rd quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock worth $2,062,000 after purchasing an additional 58,993 shares in the last quarter. Finally, MBA Advisors LLC purchased a new position in Sirius XM in the 4th quarter worth approximately $228,000. 10.69% of the stock is owned by hedge funds and other institutional investors.

Sirius XM Price Performance

SIRI opened at $22.63 on Friday. The stock has a 50-day moving average price of $23.65 and a 200-day moving average price of $24.83. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a market cap of $7.67 billion, a PE ratio of -3.53, a P/E/G ratio of 0.79 and a beta of 1.06. Sirius XM has a 1 year low of $20.47 and a 1 year high of $41.60.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.20. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. Sell-side analysts predict that Sirius XM will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.77%. Sirius XM’s dividend payout ratio is currently -16.85%.

Sirius XM Company Profile

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.