Sirius XM Holdings Inc. (NASDAQ:SIRI) Given Consensus Rating of “Reduce” by Brokerages

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have been assigned an average rating of “Reduce” from the fourteen brokerages that are presently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $27.42.

Several equities analysts have recently commented on SIRI shares. Benchmark reaffirmed a “buy” rating and issued a $43.00 target price on shares of Sirius XM in a research report on Tuesday, October 15th. Wells Fargo & Company reduced their price target on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research report on Thursday, December 19th. Guggenheim reissued a “buy” rating and set a $30.00 price target on shares of Sirius XM in a research report on Wednesday, December 11th. Seaport Res Ptn downgraded Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, The Goldman Sachs Group reduced their price target on Sirius XM from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th.

Sirius XM Price Performance

Sirius XM stock opened at $21.89 on Thursday. Sirius XM has a 12 month low of $20.47 and a 12 month high of $53.50. The stock’s 50 day moving average is $23.91 and its 200-day moving average is $27.21. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $7.43 billion, a price-to-earnings ratio of -3.45, a PEG ratio of 1.11 and a beta of 1.05.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend is Friday, February 7th. Sirius XM’s payout ratio is -17.03%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Point72 Asset Management L.P. bought a new position in shares of Sirius XM in the 2nd quarter valued at $12,858,000. Dimensional Fund Advisors LP lifted its stake in shares of Sirius XM by 8.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,333,792 shares of the company’s stock valued at $12,260,000 after acquiring an additional 353,860 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Sirius XM by 14.5% in the 2nd quarter. AQR Capital Management LLC now owns 3,866,444 shares of the company’s stock valued at $10,807,000 after acquiring an additional 490,761 shares during the last quarter. Sessa Capital IM L.P. bought a new position in shares of Sirius XM in the 3rd quarter valued at $77,983,000. Finally, Thompson Siegel & Walmsley LLC bought a new position in Sirius XM during the 3rd quarter worth $67,598,000. 10.69% of the stock is currently owned by institutional investors.

About Sirius XM

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.