Sirius XM (NASDAQ:SIRI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Sirius XM (NASDAQ:SIRI) in a research note released on Tuesday. The firm issued a hold rating on the stock.

Several other research analysts have also recently issued reports on the company. Guggenheim upgraded Sirius XM from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Wednesday, September 18th. Rosenblatt Securities restated a “neutral” rating and issued a $28.00 price objective on shares of Sirius XM in a research note on Monday. Morgan Stanley restated an “underweight” rating and issued a $23.00 price objective on shares of Sirius XM in a research note on Tuesday, September 24th. Benchmark reaffirmed a “buy” rating and set a $43.00 target price on shares of Sirius XM in a report on Tuesday, October 15th. Finally, Bank of America reaffirmed an “underperform” rating and set a $23.00 target price on shares of Sirius XM in a report on Thursday, October 24th. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $28.96.

Sirius XM Trading Down 0.3 %

Shares of NASDAQ:SIRI opened at $26.12 on Tuesday. Sirius XM has a 52-week low of $22.18 and a 52-week high of $57.80. The stock has a market cap of $8.86 billion, a price-to-earnings ratio of -4.14, a PEG ratio of 1.32 and a beta of 1.04. The company has a quick ratio of 0.43, a current ratio of 0.37 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average price of $26.19 and a 200-day moving average price of $29.26.

Sirius XM Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th will be issued a $0.27 dividend. This is a positive change from Sirius XM’s previous quarterly dividend of $0.27. This represents a $1.08 annualized dividend and a yield of 4.13%. The ex-dividend date is Tuesday, November 5th. Sirius XM’s dividend payout ratio (DPR) is presently -16.72%.

Insider Buying and Selling at Sirius XM

In other news, major shareholder Berkshire Hathaway Inc purchased 175,569 shares of the stock in a transaction dated Friday, October 18th. The shares were purchased at an average cost of $27.43 per share, with a total value of $4,815,857.67. Following the completion of the purchase, the insider now directly owns 110,276,790 shares of the company’s stock, valued at approximately $3,024,892,349.70. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last three months, insiders have acquired 2,646,761 shares of company stock valued at $65,952,329. Company insiders own 0.79% of the company’s stock.

Institutional Trading of Sirius XM

A number of institutional investors have recently made changes to their positions in the company. Banyan Capital Management Inc. acquired a new stake in shares of Sirius XM in the third quarter worth approximately $6,924,000. Quest Partners LLC acquired a new stake in shares of Sirius XM in the third quarter worth approximately $391,000. Swiss National Bank acquired a new stake in shares of Sirius XM in the third quarter worth approximately $10,219,000. S&CO Inc. purchased a new position in Sirius XM during the third quarter worth approximately $18,424,000. Finally, Thrivent Financial for Lutherans purchased a new position in Sirius XM during the third quarter worth approximately $1,637,000. 10.69% of the stock is owned by institutional investors and hedge funds.

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.