Sirius XM Holdings Inc. (NASDAQ:SIRI) Given Consensus Recommendation of “Hold” by Analysts

Sirius XM Holdings Inc. (NASDAQ:SIRI) has been given an average rating of “Hold” by the eleven analysts that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $3.80.

Several research analysts have issued reports on the stock. Barrington Research restated an “outperform” rating and set a $4.75 price target on shares of Sirius XM in a report on Monday, July 15th. Citigroup downgraded shares of Sirius XM from a “neutral” rating to a “sell” rating and set a $2.80 target price for the company. in a research note on Thursday, July 25th. StockNews.com began coverage on shares of Sirius XM in a research report on Monday, August 19th. They set a “hold” rating on the stock. Evercore ISI raised Sirius XM from an “underperform” rating to an “in-line” rating and lowered their price objective for the stock from $4.25 to $3.25 in a research report on Monday, June 24th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Sirius XM from $3.75 to $3.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th.

Insider Activity

In related news, insider Scott Andrew Greenstein sold 1,447,238 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $3.16, for a total transaction of $4,573,272.08. Following the completion of the sale, the insider now owns 989,331 shares in the company, valued at $3,126,285.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Sirius XM news, Director Kristina Salen sold 12,518 shares of Sirius XM stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $2.60, for a total transaction of $32,546.80. Following the transaction, the director now owns 169,309 shares of the company’s stock, valued at approximately $440,203.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Scott Andrew Greenstein sold 1,447,238 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $3.16, for a total value of $4,573,272.08. Following the completion of the transaction, the insider now directly owns 989,331 shares in the company, valued at approximately $3,126,285.96. The disclosure for this sale can be found here. Insiders have sold 1,472,274 shares of company stock worth $4,638,616 over the last 90 days. 0.79% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sirius XM

A number of hedge funds have recently made changes to their positions in the business. GM Advisory Group LLC grew its position in Sirius XM by 10.0% during the fourth quarter. GM Advisory Group LLC now owns 22,003 shares of the company’s stock valued at $120,000 after buying an additional 2,000 shares during the period. D.A. Davidson & CO. grew its position in shares of Sirius XM by 14.8% during the 4th quarter. D.A. Davidson & CO. now owns 16,949 shares of the company’s stock valued at $93,000 after acquiring an additional 2,183 shares during the period. Gitterman Wealth Management LLC increased its stake in shares of Sirius XM by 7.2% during the 4th quarter. Gitterman Wealth Management LLC now owns 38,410 shares of the company’s stock worth $210,000 after purchasing an additional 2,566 shares during the last quarter. Metis Global Partners LLC raised its holdings in shares of Sirius XM by 6.4% in the 4th quarter. Metis Global Partners LLC now owns 42,763 shares of the company’s stock worth $234,000 after purchasing an additional 2,569 shares during the period. Finally, M&T Bank Corp raised its stake in shares of Sirius XM by 3.9% in the fourth quarter. M&T Bank Corp now owns 74,315 shares of the company’s stock valued at $407,000 after buying an additional 2,803 shares during the period. 10.69% of the stock is currently owned by institutional investors.

Sirius XM Stock Up 0.9 %

Shares of Sirius XM stock opened at $3.29 on Monday. The stock has a market cap of $12.66 billion, a price-to-earnings ratio of 9.97, a P/E/G ratio of 1.06 and a beta of 1.08. Sirius XM has a twelve month low of $2.45 and a twelve month high of $5.78. The company’s fifty day moving average is $3.28 and its 200 day moving average is $3.42.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.20 billion. Sirius XM had a negative return on equity of 52.15% and a net margin of 14.56%. As a group, equities analysts anticipate that Sirius XM will post 0.31 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 9th were paid a $0.0266 dividend. This represents a $0.11 annualized dividend and a dividend yield of 3.23%. The ex-dividend date was Friday, August 9th. Sirius XM’s dividend payout ratio (DPR) is presently 30.30%.

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.