Sirius XM Holdings Inc. (NASDAQ:SIRI) Upgraded by Vetr Inc. to Strong-Buy

Vetr upgraded shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) from a buy rating to a strong-buy rating in a research note published on Monday, August 7th. They currently have $6.31 price objective on the stock.

A number of other analysts have also issued reports on SIRI. Macquarie reissued an outperform rating and issued a $5.85 price target on shares of Sirius XM Holdings in a research note on Thursday, April 13th. Morgan Stanley lowered Sirius XM Holdings from an equal weight rating to an underweight rating and set a $4.80 price objective on the stock. in a research note on Wednesday, April 19th. Barclays PLC reaffirmed an underweight rating and issued a $4.50 price objective (down from $4.90) on shares of Sirius XM Holdings in a research note on Monday, May 1st. Bank of America Corporation reaffirmed a buy rating and issued a $5.50 price objective on shares of Sirius XM Holdings in a research note on Friday, June 16th. Finally, BidaskClub raised Sirius XM Holdings from a buy rating to a strong-buy rating in a research note on Saturday, July 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $5.73.

Shares of Sirius XM Holdings (NASDAQ:SIRI) traded up 0.18% on Monday, hitting $5.49. 12,530,064 shares of the stock traded hands. Sirius XM Holdings has a 52-week low of $4.05 and a 52-week high of $5.89. The stock’s 50 day moving average price is $5.52 and its 200 day moving average price is $5.19. The stock has a market cap of $25.33 billion, a P/E ratio of 32.29 and a beta of 1.11.

Sirius XM Holdings (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the company earned $0.04 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities analysts expect that Sirius XM Holdings will post $0.18 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.73%. Sirius XM Holdings’s dividend payout ratio is currently 25.00%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. raised its position in Sirius XM Holdings by 476.2% in the second quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock worth $101,000 after buying an additional 15,200 shares in the last quarter. Miracle Mile Advisors LLC raised its position in shares of Sirius XM Holdings by 1.5% in the first quarter. Miracle Mile Advisors LLC now owns 19,880 shares of the company’s stock worth $102,000 after buying an additional 300 shares during the period. Pitcairn Co. raised its position in shares of Sirius XM Holdings by 1.3% in the second quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock worth $102,000 after buying an additional 237 shares during the period. Colony Group LLC acquired a new position in shares of Sirius XM Holdings during the second quarter worth about $102,000. Finally, Altfest L J & Co. Inc. acquired a new position in shares of Sirius XM Holdings during the first quarter worth about $105,000. Institutional investors and hedge funds own 22.18% of the company’s stock.

Sirius XM Holdings Company Profile

Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.

To view Vetr’s full report, visit Vetr’s official website.

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