Sirius XM Holdings Inc. (SIRI) Rating Increased to Strong-Buy at Vetr Inc.

Vetr upgraded shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) from a buy rating to a strong-buy rating in a report released on Tuesday morning. They currently have $6.28 target price on the stock.

SIRI has been the subject of several other research reports. Evercore ISI downgraded shares of Sirius XM Holdings to a buy rating in a research report on Friday, March 3rd. Morgan Stanley downgraded shares of Sirius XM Holdings from an equal weight rating to an underweight rating and set a $4.80 price objective for the company. in a research report on Wednesday, April 19th. Macquarie reaffirmed an outperform rating and issued a $5.85 price objective on shares of Sirius XM Holdings in a research report on Thursday, April 13th. Bank of America Corporation reaffirmed a buy rating and issued a $5.50 price objective on shares of Sirius XM Holdings in a research report on Friday, June 16th. Finally, Barclays PLC reaffirmed an underweight rating and issued a $4.50 price objective (down previously from $4.90) on shares of Sirius XM Holdings in a research report on Monday, May 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $5.27.

Sirius XM Holdings (NASDAQ SIRI) opened at 5.35 on Tuesday. The company has a 50 day moving average of $5.07 and a 200-day moving average of $4.92. Sirius XM Holdings has a one year low of $3.74 and a one year high of $5.53. The firm has a market cap of $24.96 billion, a PE ratio of 33.44 and a beta of 1.07.

Sirius XM Holdings (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, April 27th. The company reported $0.04 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. Sirius XM Holdings had a net margin of 15.24% and a negative return on equity of 104.00%. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm posted $0.03 earnings per share. Sirius XM Holdings’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities research analysts predict 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 Wednesday, May 31st. Investors of record on Wednesday, May 10th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Monday, May 8th. Sirius XM Holdings’s payout ratio is currently 26.67%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SIRI. Biegel & Waller LLC bought a new position in shares of Sirius XM Holdings during the fourth quarter worth $101,000. Miracle Mile Advisors LLC boosted its position in shares of Sirius XM Holdings by 1.5% in the first quarter. Miracle Mile Advisors LLC now owns 19,880 shares of the company’s stock worth $102,000 after buying an additional 300 shares in the last quarter. Altfest L J & Co. Inc. bought a new position in shares of Sirius XM Holdings during the first quarter worth $105,000. Greenwich Wealth Management LLC bought a new position in shares of Sirius XM Holdings during the first quarter worth $108,000. Finally, Concorde Asset Management LLC bought a new position in shares of Sirius XM Holdings during the first quarter worth $128,000. 22.20% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Holdings Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SIRI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

To view Vetr’s full report, visit Vetr’s official website.

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