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

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have received an average recommendation of “Reduce” from the fourteen ratings firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $27.35.

A number of brokerages recently issued reports on SIRI. Benchmark reissued a “buy” rating and set a $43.00 price target on shares of Sirius XM in a research report on Tuesday, October 15th. Pivotal Research decreased their price target on Sirius XM from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their price objective on shares of Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. StockNews.com assumed coverage on shares of Sirius XM in a research note on Wednesday, November 13th. They set a “sell” rating on the stock. Finally, Barrington Research cut their price target on shares of Sirius XM from $40.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, December 13th.

Hedge Funds Weigh In On Sirius XM

Institutional investors and hedge funds have recently bought and sold shares of the company. Coston McIsaac & Partners grew its holdings in shares of Sirius XM by 113.5% during the third quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock worth $27,000 after purchasing an additional 624 shares during the last quarter. Mill Creek Capital Advisors LLC grew its holdings in Sirius XM by 5.8% during the 4th quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company’s stock worth $348,000 after acquiring an additional 837 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Sirius XM by 574.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after acquiring an additional 1,144 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of Sirius XM during the fourth quarter valued at $26,000. Finally, Chicago Partners Investment Group LLC lifted its holdings in shares of Sirius XM by 7.9% during the fourth quarter. Chicago Partners Investment Group LLC now owns 16,502 shares of the company’s stock worth $356,000 after purchasing an additional 1,202 shares during the period. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Stock Performance

Shares of NASDAQ:SIRI opened at $21.78 on Thursday. Sirius XM has a 12-month low of $20.47 and a 12-month high of $53.50. The company’s 50 day moving average price is $23.78 and its two-hundred day moving average price is $27.01. The firm 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 company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.96%. The ex-dividend date is Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) is -17.03%.

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.