Vetr upgraded shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) from a buy rating to a strong-buy rating in a research note issued to investors on Monday, July 24th. They currently have $6.06 price objective on the stock.
Several other equities analysts have also commented on the company. Zacks Investment Research upgraded Sirius XM Holdings from a sell rating to a hold rating in a research note on Wednesday, July 12th. BidaskClub upgraded Sirius XM Holdings from a buy rating to a strong-buy rating in a research note on Saturday, July 1st. Bank of America Corporation reiterated a buy rating and issued a $5.50 target price on shares of Sirius XM Holdings in a research note on Friday, June 16th. Barclays PLC set a $5.00 target price on Sirius XM Holdings and gave the company a hold rating in a research note on Sunday, April 30th. Finally, Morgan Stanley lowered Sirius XM Holdings from an equal weight rating to an underweight rating and set a $4.80 target price for the company. in a research note on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Sirius XM Holdings currently has an average rating of Buy and an average price target of $5.56.
Sirius XM Holdings (NASDAQ:SIRI) opened at 5.56 on Monday. Sirius XM Holdings has a one year low of $4.05 and a one year high of $5.89. The company has a market capitalization of $25.65 billion, a P/E ratio of 32.71 and a beta of 1.11. The firm has a 50-day moving average of $5.40 and a 200-day moving average of $5.11.
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 Thomson Reuters’ consensus estimate of $0.04. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.04 earnings per share. On average, analysts anticipate that Sirius XM Holdings will post $0.18 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be paid a $0.01 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.72%. Sirius XM Holdings’s dividend payout ratio (DPR) is currently 25.00%.
Several large investors have recently bought and sold shares of the stock. Comerica Bank raised its stake in Sirius XM Holdings by 545.6% in the fourth quarter. Comerica Bank now owns 76,706 shares of the company’s stock worth $354,000 after buying an additional 64,824 shares during the period. AQR Capital Management LLC raised its stake in Sirius XM Holdings by 7.1% in the fourth quarter. AQR Capital Management LLC now owns 396,289 shares of the company’s stock worth $1,763,000 after buying an additional 26,295 shares during the period. HighPoint Advisor Group LLC raised its stake in Sirius XM Holdings by 0.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 135,832 shares of the company’s stock worth $702,000 after buying an additional 1,019 shares during the period. Teachers Advisors LLC increased its position in shares of Sirius XM Holdings by 4.7% in the fourth quarter. Teachers Advisors LLC now owns 1,624,206 shares of the company’s stock worth $7,228,000 after buying an additional 72,901 shares in the last quarter. Finally, Liberty Capital Management Inc. increased its position in shares of Sirius XM Holdings by 1,109.7% in the first quarter. Liberty Capital Management Inc. now owns 150,000 shares of the company’s stock worth $773,000 after buying an additional 137,600 shares in the last quarter. Institutional investors and hedge funds own 22.03% 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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