Brokerages Set Sirius XM Holdings Inc. (NASDAQ:SIRI) Target Price at $27.58

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have been given an average rating of “Reduce” by the fourteen research firms that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $27.42.

A number of brokerages recently weighed in on SIRI. Benchmark reissued a “buy” rating and issued a $43.00 price target on shares of Sirius XM in a research note on Tuesday, October 15th. Seaport Res Ptn downgraded shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Morgan Stanley reduced their price target on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research report on Thursday. Rosenblatt Securities lifted their price objective on shares of Sirius XM from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. Finally, Bank of America restated an “underperform” rating and issued a $23.00 target price on shares of Sirius XM in a report on Thursday, October 24th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Coston McIsaac & Partners boosted its holdings in Sirius XM by 113.5% in the third quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock worth $27,000 after purchasing an additional 624 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of 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 acquiring an additional 1,144 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Sirius XM during the 4th quarter valued at about $26,000. Chicago Partners Investment Group LLC increased its holdings in shares of Sirius XM by 7.9% during the 4th quarter. Chicago Partners Investment Group LLC now owns 16,502 shares of the company’s stock valued at $356,000 after acquiring an additional 1,202 shares during the last quarter. Finally, TCTC Holdings LLC bought a new position in shares of Sirius XM in the 3rd quarter valued at approximately $29,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Stock Performance

SIRI opened at $21.96 on Thursday. The business has a fifty day simple moving average of $23.91 and a 200-day simple moving average of $27.32. The firm has a market cap of $7.45 billion, a PE ratio of -3.46, a P/E/G ratio of 1.11 and a beta of 1.05. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93. Sirius XM has a fifty-two week low of $20.47 and a fifty-two week high of $55.05.

Sirius XM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.92%. Sirius XM’s payout ratio is -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.