Sirius XM (NASDAQ:SIRI) Receives Outperform Rating from Barrington Research

Barrington Research restated their outperform rating on shares of Sirius XM (NASDAQ:SIRI) in a research note released on Thursday,Benzinga reports. Barrington Research currently has a $30.00 target price on the stock.

A number of other analysts have also issued reports on the company. Seaport Res Ptn lowered Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Wells Fargo & Company dropped their price target on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research report on Thursday, December 19th. Pivotal Research cut their price target on Sirius XM from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Bank of America reaffirmed an “underperform” rating and issued a $23.00 price objective on shares of Sirius XM in a research note on Thursday, October 24th. Finally, Guggenheim cut their target price on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Sirius XM currently has a consensus rating of “Hold” and a consensus target price of $27.35.

Sirius XM Stock Performance

SIRI stock opened at $23.11 on Thursday. Sirius XM has a twelve month low of $20.47 and a twelve month high of $53.50. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of -3.65, a PEG ratio of 1.11 and a beta of 1.05. The business’s fifty day simple moving average is $23.72 and its two-hundred day simple moving average is $26.97. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.63 by $0.20. Sirius XM had a negative net margin of 23.02% and a positive return on equity of 68.38%. Analysts predict that Sirius XM will post -6 earnings per share for the current year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend is Friday, February 7th. Sirius XM’s payout ratio is presently -17.03%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sessa Capital IM L.P. purchased a new stake in Sirius XM in the third quarter valued at about $77,983,000. Thompson Siegel & Walmsley LLC purchased a new position in shares of Sirius XM in the 3rd quarter valued at approximately $67,598,000. Seizert Capital Partners LLC acquired a new stake in Sirius XM in the 3rd quarter worth approximately $46,173,000. Marshall Wace LLP purchased a new stake in Sirius XM during the 2nd quarter worth approximately $3,616,000. Finally, Sanctuary Advisors LLC acquired a new position in Sirius XM during the 2nd quarter valued at approximately $3,041,000. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

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.