Other equities analysts have also issued reports about the company. Vetr lowered Sirius XM Holdings from a strong-buy rating to a buy rating and set a $5.79 price target on the stock. in a research note on Monday, June 19th. Bank of America Corporation reaffirmed a buy rating and set a $5.50 target price on shares of Sirius XM Holdings in a research report on Friday, June 16th. Macquarie reaffirmed a buy rating and set a $6.00 target price (up from $5.65) on shares of Sirius XM Holdings in a research report on Thursday, July 27th. Piper Jaffray Companies set a $7.00 target price on Sirius XM Holdings and gave the stock a buy rating in a research report on Thursday, July 27th. Finally, BidaskClub lowered Sirius XM Holdings from a strong-buy rating to a buy rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Sirius XM Holdings currently has a consensus rating of Buy and an average price target of $5.73.
Shares of Sirius XM Holdings (SIRI) traded up 1.27% during mid-day trading on Friday, reaching $5.57. 18,492,509 shares of the company traded hands. The stock’s 50 day moving average is $5.49 and its 200 day moving average is $5.16. Sirius XM Holdings has a 52-week low of $4.05 and a 52-week high of $5.89. The stock has a market capitalization of $25.69 billion, a PE ratio of 32.76 and a beta of 1.11.
Sirius XM Holdings (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the firm earned $0.04 earnings per share. The company’s revenue was up 9.1% compared to the same quarter last year. On average, analysts anticipate that Sirius XM Holdings will post $0.18 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.72%. Sirius XM Holdings’s dividend payout ratio (DPR) is presently 25.00%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Capstone Asset Management Co. boosted its stake in shares of Sirius XM Holdings by 0.3% in the second quarter. Capstone Asset Management Co. now owns 65,346 shares of the company’s stock worth $357,000 after buying an additional 170 shares during the period. Pitcairn Co. boosted its stake in shares of Sirius XM Holdings by 1.3% in the second quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock worth $102,000 after buying an additional 237 shares during the period. GM Advisory Group Inc. boosted its stake in shares of Sirius XM Holdings by 0.9% in the second quarter. GM Advisory Group Inc. now owns 33,185 shares of the company’s stock worth $182,000 after buying an additional 290 shares during the period. Miracle Mile Advisors LLC boosted its stake in shares of Sirius XM Holdings by 1.5% in the first quarter. Miracle Mile Advisors LLC now owns 19,880 shares of the company’s stock worth $102,000 after buying an additional 300 shares during the period. Finally, Investment Centers of America Inc. boosted its stake in shares of Sirius XM Holdings by 0.9% in the first quarter. Investment Centers of America Inc. now owns 49,651 shares of the company’s stock worth $256,000 after buying an additional 423 shares during the period. Institutional investors own 22.30% 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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