Vetr downgraded shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) from a strong-buy rating to a buy rating in a research note released on Monday morning. The firm currently has $5.79 target price on the stock.
A number of other research analysts have also recently weighed in on SIRI. Evercore ISI cut Sirius XM Holdings to a buy rating in a research report on Friday, March 3rd. Wunderlich cut Sirius XM Holdings from a buy rating to a hold rating and lifted their price objective for the company from $5.00 to $5.50 in a research report on Thursday, March 16th. Barclays PLC cut Sirius XM Holdings from an overweight rating to an equal weight rating and lowered their price objective for the company from $5.16 to $4.90 in a research report on Wednesday, March 22nd. Macquarie reaffirmed an outperform rating and set a $5.85 price objective on shares of Sirius XM Holdings in a research report on Thursday, April 13th. Finally, Morgan Stanley cut Sirius XM Holdings from an equal weight rating to an underweight rating and set a $4.80 price objective on the stock. in a research report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Sirius XM Holdings has a consensus rating of Hold and a consensus price target of $5.27.
Shares of Sirius XM Holdings (SIRI) opened at 5.24 on Monday. The stock’s 50 day moving average price is $5.07 and its 200 day moving average price is $4.92. Sirius XM Holdings has a 12 month low of $3.74 and a 12 month high of $5.53. The company has a market capitalization of $24.44 billion, a PE ratio of 32.75 and a beta of 1.07.
Sirius XM Holdings (NASDAQ:SIRI) last posted its quarterly earnings data on Thursday, April 27th. The company reported $0.04 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.04. Sirius XM Holdings had a negative return on equity of 104.00% and a net margin of 15.24%. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the firm earned $0.03 EPS. The business’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts forecast that Sirius XM Holdings will post $0.18 EPS for the current year.
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The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Wednesday, May 10th were issued a $0.01 dividend. The ex-dividend date was Monday, May 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.76%. Sirius XM Holdings’s dividend payout ratio is presently 26.67%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in Sirius XM Holdings by 3,534.6% in the first quarter. BlackRock Inc. now owns 82,131,614 shares of the company’s stock worth $422,980,000 after buying an additional 79,871,880 shares in the last quarter. FMR LLC boosted its position in Sirius XM Holdings by 12.8% in the first quarter. FMR LLC now owns 41,962,057 shares of the company’s stock worth $216,105,000 after buying an additional 4,772,837 shares in the last quarter. Norges Bank acquired a new position in Sirius XM Holdings during the fourth quarter worth approximately $94,189,000. Geode Capital Management LLC boosted its position in Sirius XM Holdings by 8.6% in the first quarter. Geode Capital Management LLC now owns 14,647,919 shares of the company’s stock worth $75,412,000 after buying an additional 1,159,420 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Sirius XM Holdings by 27.8% in the first quarter. Bank of New York Mellon Corp now owns 12,852,072 shares of the company’s stock worth $66,189,000 after buying an additional 2,792,456 shares in the last quarter. 22.20% of the stock is currently owned by institutional investors.
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.
To view Vetr’s full report, visit Vetr’s official website.
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