Vetr upgraded shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) from a buy rating to a strong-buy rating in a report issued on Monday, July 24th. They currently have $6.06 target price on the stock.
A number of other research analysts have also recently commented on the company. Macquarie restated an outperform rating and issued a $5.85 target price 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 for the company. in a research report on Wednesday, April 19th. Zacks Investment Research lowered Sirius XM Holdings from a hold rating to a sell rating in a research report on Tuesday, July 4th. Barclays PLC reaffirmed an underweight rating and set a $4.50 price objective (down previously from $4.90) on shares of Sirius XM Holdings in a research report on Monday, May 1st. Finally, BidaskClub raised Sirius XM Holdings from a buy rating to a strong-buy rating in a research report on Saturday, July 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Sirius XM Holdings currently has an average rating of Buy and an average target price of $5.73.
Sirius XM Holdings (NASDAQ:SIRI) opened at 5.49 on Monday. The firm has a market capitalization of $25.33 billion, a price-to-earnings ratio of 32.29 and a beta of 1.11. Sirius XM Holdings has a 52 week low of $4.05 and a 52 week high of $5.89. The firm has a 50-day moving average price of $5.52 and a 200 day moving average price of $5.19.
Sirius XM Holdings (NASDAQ:SIRI) last released its earnings results on Thursday, July 27th. The company reported $0.04 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.04. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 EPS. On average, equities research analysts forecast that Sirius XM Holdings will post $0.18 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Tuesday, August 8th. Sirius XM Holdings’s payout ratio is currently 25.00%.
Several hedge funds have recently modified their holdings of SIRI. Macquarie Group Ltd. raised its stake in shares of Sirius XM Holdings by 476.2% in the second quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock valued at $101,000 after buying an additional 15,200 shares during the last quarter. Colony Group LLC purchased a new stake in shares of Sirius XM Holdings during the second quarter valued at approximately $102,000. Pitcairn Co. raised its stake 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 valued at $102,000 after buying an additional 237 shares during the last quarter. Miracle Mile Advisors LLC raised its stake 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 valued at $102,000 after buying an additional 300 shares during the last quarter. Finally, Toronto Dominion Bank raised its stake in shares of Sirius XM Holdings by 9.7% in the second quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock valued at $111,000 after buying an additional 1,799 shares during the last quarter. 22.18% of the stock is owned by institutional investors.
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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