Shares of Sirius XM Holdings Inc (NASDAQ:SIRI) have received a consensus rating of “Buy” from the fourteen brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $7.45.
Several analysts have weighed in on SIRI shares. ValuEngine upgraded Sirius XM from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Wells Fargo & Co started coverage on Sirius XM in a research report on Monday, September 23rd. They issued an “outperform” rating and a $8.00 price objective for the company. Benchmark started coverage on Sirius XM in a research report on Wednesday, October 9th. They issued a “hold” rating and a $8.00 price objective for the company. Pivotal Research reiterated a “buy” rating and issued a $7.70 price objective on shares of Sirius XM in a research report on Friday, August 9th. Finally, BidaskClub upgraded Sirius XM from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th.
NASDAQ:SIRI traded up $0.02 during mid-day trading on Thursday, reaching $6.97. The stock had a trading volume of 14,483,200 shares, compared to its average volume of 23,905,254. The company has a debt-to-equity ratio of 46.63, a quick ratio of 0.28 and a current ratio of 0.29. Sirius XM has a one year low of $5.23 and a one year high of $7.00. The firm has a 50 day moving average price of $6.56 and a two-hundred day moving average price of $6.07. The stock has a market capitalization of $30.61 billion, a P/E ratio of 26.81, a P/E/G ratio of 2.68 and a beta of 1.03.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.0133 per share. The ex-dividend date of this dividend is Thursday, November 7th. This is a boost from Sirius XM’s previous quarterly dividend of $0.01. This represents a $0.05 annualized dividend and a dividend yield of 0.76%. Sirius XM’s payout ratio is 19.23%.
In other news, Director David Zaslav sold 77,747 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $6.78, for a total transaction of $527,124.66. Following the transaction, the director now directly owns 145,246 shares of the company’s stock, valued at $984,767.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David J. Frear sold 222,507 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $6.94, for a total value of $1,544,198.58. Following the transaction, the chief financial officer now directly owns 1,409,229 shares in the company, valued at $9,780,049.26. The disclosure for this sale can be found here. Insiders have sold 2,055,641 shares of company stock worth $14,016,229 over the last three months. Insiders own 0.93% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new stake in Sirius XM in the second quarter worth $29,000. Rockefeller Capital Management L.P. grew its stake in Sirius XM by 533.0% in the second quarter. Rockefeller Capital Management L.P. now owns 5,393 shares of the company’s stock worth $30,000 after purchasing an additional 4,541 shares during the period. Bartlett & Co. LLC purchased a new stake in Sirius XM in the third quarter worth $31,000. Coastal Capital Group Inc. purchased a new stake in Sirius XM in the second quarter worth $32,000. Finally, Westside Investment Management Inc. purchased a new stake in Sirius XM in the second quarter worth $37,000. 18.77% of the stock is currently owned by hedge funds and other institutional investors.
About Sirius XM
Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres ranging from rock, pop and hip-hop, country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.
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