Sirius XM Holdings Inc. (NASDAQ:SIRI) had its target price hoisted by Gabelli from $4.75 to $6.10 in a research report sent to investors on Thursday morning. They currently have a buy rating on the stock.
A number of other research analysts have also weighed in on SIRI. BidaskClub upgraded Sirius XM Holdings from a buy rating to a strong-buy rating in a report on Saturday, July 1st. Vetr lowered Sirius XM Holdings from a strong-buy rating to a buy rating and set a $6.06 price objective on the stock. in a report on Monday, July 3rd. Zacks Investment Research lowered Sirius XM Holdings from a hold rating to a sell rating in a report on Tuesday, July 4th. Macquarie restated a buy rating and issued a $6.00 price objective (up previously from $5.65) on shares of Sirius XM Holdings in a report on Thursday, July 27th. Finally, Piper Jaffray Companies set a $7.00 price objective on Sirius XM Holdings and gave the company a buy rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $6.03.
Sirius XM Holdings (NASDAQ SIRI) traded down 0.72% during trading on Thursday, hitting $5.54. 30,516,344 shares of the stock traded hands. The stock has a 50 day moving average price of $5.60 and a 200-day moving average price of $5.38. Sirius XM Holdings has a 52-week low of $4.09 and a 52-week high of $5.89. The stock has a market cap of $1.67 billion, a P/E ratio of 30.78 and a beta of 1.07.
Sirius XM Holdings (NASDAQ:SIRI) last released its quarterly earnings results on Wednesday, October 25th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Sirius XM Holdings had a net margin of 16.71% and a negative return on equity of 93.51%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter last year, the company earned $0.04 EPS. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, analysts anticipate that Sirius XM Holdings will post $0.19 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th will be issued a dividend of $0.011 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Wednesday, November 8th. This is a positive change from Sirius XM Holdings’s previous quarterly dividend of $0.01. Sirius XM Holdings’s payout ratio is currently 22.22%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Parametrica Management Ltd purchased a new position in shares of Sirius XM Holdings during the 3rd quarter worth $262,000. Crossmark Global Holdings Inc. purchased a new position in shares of Sirius XM Holdings during the 3rd quarter worth $361,000. Pictet Asset Management Ltd. raised its holdings in shares of Sirius XM Holdings by 5.7% during the 3rd quarter. Pictet Asset Management Ltd. now owns 784,400 shares of the company’s stock worth $4,330,000 after acquiring an additional 42,100 shares during the period. Liberty Capital Management Inc. raised its holdings in shares of Sirius XM Holdings by 1,109.7% during the 3rd quarter. Liberty Capital Management Inc. now owns 150,000 shares of the company’s stock worth $863,000 after acquiring an additional 137,600 shares during the period. Finally, Boston Advisors LLC purchased a new position in shares of Sirius XM Holdings during the 3rd quarter worth $11,985,000. Institutional investors and hedge funds own 20.21% of the company’s stock.
About Sirius XM Holdings
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.
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