Sirius XM (NASDAQ:SIRI) Shares Up 4.9% – Time to Buy?

Sirius XM Holdings Inc. (NASDAQ:SIRI)’s share price rose 4.9% during trading on Friday . The company traded as high as $24.81 and last traded at $24.91. Approximately 810,236 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 5,326,270 shares. The stock had previously closed at $23.75.

Analysts Set New Price Targets

SIRI has been the topic of a number of recent research reports. Barrington Research set a $28.00 target price on shares of Sirius XM in a report on Friday, January 31st. Seaport Res Ptn cut shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Rosenblatt Securities dropped their price objective on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. StockNews.com initiated coverage on shares of Sirius XM in a research note on Wednesday, November 13th. They issued a “sell” rating on the stock. Finally, Morgan Stanley dropped their price objective on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research note on Thursday, January 23rd. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sirius XM currently has a consensus rating of “Hold” and a consensus target price of $26.81.

Sirius XM Stock Performance

The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of -3.94, a PEG ratio of 0.79 and a beta of 1.06. The stock’s 50 day moving average price is $23.64 and its two-hundred day moving average price is $25.33.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share 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, analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.28%. Sirius XM’s dividend payout ratio is presently -16.85%.

Institutional Investors Weigh In On Sirius XM

Institutional investors and hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue boosted its position in shares of Sirius XM by 21.2% in the 4th quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company’s stock worth $5,340,000 after buying an additional 41,000 shares in the last quarter. Check Capital Management Inc. CA boosted its position in shares of Sirius XM by 597.7% in the 4th quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company’s stock worth $26,123,000 after buying an additional 981,517 shares in the last quarter. Legato Capital Management LLC boosted its position in shares of 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 buying an additional 15,342 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of 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 buying an additional 58,993 shares in the last quarter. Finally, MBA Advisors LLC purchased a new position in Sirius XM in the 4th quarter valued at about $228,000. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

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.