BidaskClub upgraded shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) from a buy rating to a strong-buy rating in a report issued on Thursday morning.
Other equities analysts also recently issued research reports about the company. Barclays PLC set a $5.00 price target on Sirius XM Holdings and gave the company a hold rating in a research note on Sunday, April 30th. Vetr upgraded Sirius XM Holdings from a sell rating to a hold rating and set a $5.18 price target for the company in a research note on Tuesday, June 6th. Zacks Investment Research downgraded Sirius XM Holdings from a hold rating to a sell rating in a research note on Tuesday, July 4th. Macquarie reiterated a buy rating and set a $6.00 price target (up previously from $5.65) on shares of Sirius XM Holdings in a research note on Thursday, July 27th. Finally, Bank of America Corporation reiterated a buy rating and set a $5.50 price target on shares of Sirius XM Holdings in a research note on Friday, June 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Sirius XM Holdings currently has a consensus rating of Buy and an average price target of $5.56.
Shares of Sirius XM Holdings (SIRI) traded down 1.42% on Thursday, reaching $5.56. The company had a trading volume of 18,920,206 shares. Sirius XM Holdings has a 12 month low of $4.05 and a 12 month high of $5.89. The stock has a market cap of $25.65 billion, a PE ratio of 32.71 and a beta of 1.11. The stock has a 50-day moving average price of $5.40 and a 200-day moving average price of $5.11.
Sirius XM Holdings (NASDAQ:SIRI) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.04 EPS. Analysts predict 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 paid a $0.01 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $0.04 annualized dividend and a yield of 0.72%. Sirius XM Holdings’s payout ratio is 25.00%.
A number of institutional investors have recently bought and sold shares of the stock. Miracle Mile Advisors LLC increased its position in 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. Pitcairn Co. increased its position in 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. Altfest L J & Co. Inc. purchased a new position in Sirius XM Holdings during the first quarter valued at approximately $105,000. Greenwich Wealth Management LLC purchased a new position in Sirius XM Holdings during the first quarter valued at approximately $108,000. Finally, Concorde Asset Management LLC purchased a new position in Sirius XM Holdings during the first quarter valued at approximately $128,000. Institutional investors and hedge funds own 22.03% 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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