Sirius XM Holdings Inc. (SIRI) Cut to “Equal Weight” at Barclays PLC

Barclays PLC lowered shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) from an overweight rating to an equal weight rating in a research report report published on Wednesday morning. They currently have $4.90 price objective on the stock, down from their previous price objective of $5.16.

A number of other research analysts also recently commented on SIRI. BTIG Research started coverage on Sirius XM Holdings in a report on Tuesday, November 22nd. They issued a neutral rating for the company. Zacks Investment Research downgraded Sirius XM Holdings from a hold rating to a sell rating in a report on Thursday, January 5th. Macquarie reissued a buy rating and issued a $5.00 price target on shares of Sirius XM Holdings in a report on Wednesday, January 11th. TheStreet raised Sirius XM Holdings from a c+ rating to a b- rating in a report on Wednesday, January 25th. Finally, Telsey Advisory Group increased their price target on Sirius XM Holdings from $4.59 to $5.00 and gave the company a market perform rating in a report on Friday, February 3rd. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $5.18.

Analyst Recommendations for Sirius XM Holdings (NASDAQ:SIRI)

Sirius XM Holdings (NASDAQ:SIRI) opened at 5.10 on Wednesday. Sirius XM Holdings has a 12-month low of $3.74 and a 12-month high of $5.53. The stock has a 50 day moving average price of $5.07 and a 200-day moving average price of $4.56. The firm has a market cap of $24.05 billion, a price-to-earnings ratio of 34.00 and a beta of 1.21.

Sirius XM Holdings (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, February 2nd. The company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. The firm 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 quarter in the prior year, the business posted $0.03 earnings per share. Equities analysts forecast that Sirius XM Holdings will post $0.18 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which was paid on Tuesday, February 28th. Shareholders of record on Tuesday, February 7th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Friday, February 3rd. Sirius XM Holdings’s dividend payout ratio is presently 28.57%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC increased its position 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 purchased a new position in Sirius XM Holdings during the fourth quarter worth approximately $94,189,000. BlackRock Fund Advisors increased its position in Sirius XM Holdings by 0.5% in the third quarter. BlackRock Fund Advisors now owns 17,419,226 shares of the company’s stock worth $72,638,000 after buying an additional 79,400 shares in the last quarter. Victory Capital Management Inc. increased its position in Sirius XM Holdings by 6,232.1% in the third quarter. Victory Capital Management Inc. now owns 15,325,778 shares of the company’s stock worth $63,908,000 after buying an additional 15,083,746 shares in the last quarter. Finally, Morgan Stanley increased its position in Sirius XM Holdings by 63.5% in the third quarter. Morgan Stanley now owns 9,344,331 shares of the company’s stock worth $38,965,000 after buying an additional 3,630,842 shares in the last quarter. 22.15% of the stock is currently owned by institutional investors.

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.

5 Day Chart for NASDAQ:SIRI

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