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

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have earned a consensus rating of “Reduce” from the fourteen brokerages that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $27.35.

Several brokerages have recently weighed in on SIRI. JPMorgan Chase & Co. raised their price target on shares of Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a research note on Thursday, November 7th. Barrington Research lowered their price target on shares of Sirius XM from $40.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, December 13th. Guggenheim cut their price target on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday. Wells Fargo & Company decreased their price objective on Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a report on Thursday, December 19th. Finally, Morgan Stanley dropped their target price on Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd.

Sirius XM Stock Down 1.3 %

NASDAQ:SIRI opened at $21.78 on Thursday. The company has a market cap of $7.39 billion, a PE ratio of -3.43, a PEG ratio of 1.11 and a beta of 1.05. The stock has a 50-day simple moving average of $23.78 and a 200 day simple moving average of $27.01. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37. Sirius XM has a 52-week low of $20.47 and a 52-week high of $53.50.

Sirius XM Dividend Announcement

The firm 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. This represents a $1.08 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date of this dividend is Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) is presently -17.03%.

Hedge Funds Weigh In On Sirius XM

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SIRI. Dimensional Fund Advisors LP lifted its stake in shares of Sirius XM by 8.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,333,792 shares of the company’s stock worth $12,260,000 after buying an additional 353,860 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Sirius XM by 5.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 142,767 shares of the company’s stock worth $404,000 after acquiring an additional 6,785 shares during the period. Amalgamated Bank grew its position in shares of Sirius XM by 30.8% in the second quarter. Amalgamated Bank now owns 109,112 shares of the company’s stock valued at $309,000 after purchasing an additional 25,714 shares during the last quarter. AE Wealth Management LLC increased its stake in shares of Sirius XM by 61.9% during the second quarter. AE Wealth Management LLC now owns 28,923 shares of the company’s stock worth $82,000 after purchasing an additional 11,053 shares during the period. Finally, Frank Rimerman Advisors LLC acquired a new stake in Sirius XM during the 2nd quarter worth approximately $47,000. 10.69% of the stock is owned by institutional investors.

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.