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

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have been assigned an average rating of “Reduce” from the fourteen analysts that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $27.58.

SIRI has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on Sirius XM from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Thursday, November 7th. Benchmark reaffirmed a “buy” rating and set a $43.00 price objective on shares of Sirius XM in a report on Tuesday, October 15th. Bank of America reiterated an “underperform” rating and issued a $23.00 target price on shares of Sirius XM in a report on Thursday, October 24th. Guggenheim reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Sirius XM in a research report on Wednesday, December 11th. Finally, StockNews.com began coverage on shares of Sirius XM in a research report on Wednesday, November 13th. They set a “sell” rating on the stock.

Institutional Investors Weigh In On Sirius XM

Large investors have recently added to or reduced their stakes in the company. Coston McIsaac & Partners raised its holdings in Sirius XM by 113.5% during the 3rd quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock valued at $27,000 after acquiring an additional 624 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of Sirius XM in the fourth quarter valued at $26,000. TCTC Holdings LLC bought a new stake in shares of Sirius XM during the 3rd quarter valued at $29,000. Geneos Wealth Management Inc. lifted its holdings in Sirius XM by 574.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock worth $31,000 after purchasing an additional 1,144 shares in the last quarter. Finally, Princeton Global Asset Management LLC boosted its stake in Sirius XM by 2,683.7% in the 3rd quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock worth $32,000 after purchasing an additional 1,315 shares during the period. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Price Performance

SIRI stock opened at $22.10 on Thursday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37. The business has a 50-day simple moving average of $24.17 and a two-hundred day simple moving average of $27.47. The company has a market capitalization of $7.50 billion, a P/E ratio of -3.49, a price-to-earnings-growth ratio of 1.11 and a beta of 1.05. Sirius XM has a 52-week low of $20.47 and a 52-week high of $55.40.

Sirius XM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.89%. Sirius XM’s payout ratio is presently -17.03%.

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.