Sirius XM Holdings Inc. (NASDAQ:SIRI) has been given a consensus recommendation of “Hold” by the nineteen brokerages that are currently covering the stock. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $5.26.
SIRI has been the subject of several recent research reports. Barclays PLC cut Sirius XM Holdings from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $5.16 to $4.90 in a research note on Wednesday, March 22nd. Wunderlich cut Sirius XM Holdings from a “buy” rating to a “hold” rating and increased their price target for the company from $5.00 to $5.50 in a research note on Thursday, March 16th. FBR & Co raised their target price on Sirius XM Holdings from $5.00 to $5.25 and gave the stock an “outperform” rating in a research note on Tuesday, February 7th. TheStreet raised Sirius XM Holdings from a “c+” rating to a “b-” rating in a research note on Wednesday, January 25th. Finally, Zacks Investment Research cut Sirius XM Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, January 5th.
Sirius XM Holdings (NASDAQ:SIRI) traded up 0.296% during mid-day trading on Tuesday, reaching $5.085. 16,120,313 shares of the company traded hands. The stock has a 50 day moving average price of $5.16 and a 200-day moving average price of $4.67. Sirius XM Holdings has a 52-week low of $3.74 and a 52-week high of $5.53. The company has a market capitalization of $23.98 billion, a P/E ratio of 33.900 and a beta of 1.21.
Sirius XM Holdings (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, February 2nd. The company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. The business earned $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Sirius XM Holdings had a negative return on equity of 112.66% and a net margin of 14.81%. Sirius XM Holdings’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.03 EPS. Analysts expect that Sirius XM Holdings will post $0.18 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. FMR LLC increased its stake in Sirius XM Holdings by 9.1% in the fourth quarter. FMR LLC now owns 37,189,220 shares of the company’s stock worth $165,492,000 after buying an additional 3,098,683 shares in the last quarter. Norges Bank bought a new position in shares of Sirius XM Holdings during the fourth quarter valued at $94,189,000. BlackRock Fund Advisors boosted its position in shares of Sirius XM Holdings by 0.5% in the third quarter. BlackRock Fund Advisors now owns 17,419,226 shares of the company’s stock valued at $72,638,000 after buying an additional 79,400 shares during the period. Morgan Stanley boosted its position in shares of Sirius XM Holdings by 63.5% in the third quarter. Morgan Stanley now owns 9,344,331 shares of the company’s stock valued at $38,965,000 after buying an additional 3,630,842 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Sirius XM Holdings by 27.8% in the third quarter. TIAA CREF Investment Management LLC now owns 9,219,960 shares of the company’s stock valued at $38,447,000 after buying an additional 2,007,814 shares during the period. 22.15% of the stock is owned by institutional investors and hedge funds.
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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