Royal Bank Of Canada started coverage on shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) in a research note published on Friday, Marketbeat.com reports. The firm issued a sector perform rating and a $6.00 price target on the stock.
Several other brokerages also recently commented on SIRI. Piper Jaffray Companies set a $7.00 target price on shares of Sirius XM Holdings and gave the company a buy rating in a report on Thursday, July 27th. BidaskClub downgraded shares of Sirius XM Holdings from a strong-buy rating to a buy rating in a report on Friday, July 28th. Vetr downgraded shares of Sirius XM Holdings from a strong-buy rating to a hold rating and set a $6.06 target price for the company. in a report on Monday, July 31st. Pivotal Research reiterated a buy rating and issued a $6.25 target price on shares of Sirius XM Holdings in a report on Sunday, July 30th. Finally, FBR & Co reiterated an outperform rating and issued a $6.00 target price (up previously from $5.70) on shares of Sirius XM Holdings in a report on Sunday, July 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $5.75.
Sirius XM Holdings (NASDAQ SIRI) opened at 5.48 on Friday. Sirius XM Holdings has a 1-year low of $4.05 and a 1-year high of $5.89. The stock’s 50 day moving average is $5.59 and its 200 day moving average is $5.29. The firm has a market capitalization of $25.28 billion, a price-to-earnings ratio of 32.24 and a beta of 1.08.
Sirius XM Holdings (NASDAQ:SIRI) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Sirius XM Holdings had a net margin of 15.47% and a negative return on equity of 99.07%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm earned $0.04 earnings per share. Analysts predict that Sirius XM Holdings will post $0.18 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Thursday, August 10th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.73%. Sirius XM Holdings’s dividend payout ratio (DPR) is presently 25.00%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. increased its holdings in Sirius XM Holdings by 476.2% during the second quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock worth $101,000 after buying an additional 15,200 shares during the last quarter. Miracle Mile Advisors LLC increased its holdings in Sirius XM Holdings by 1.5% during 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 during the last quarter. Pitcairn Co. increased its holdings in Sirius XM Holdings by 1.3% during the second quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock worth $102,000 after buying an additional 237 shares during the last quarter. Colony Group LLC purchased a new stake in Sirius XM Holdings during the second quarter worth about $102,000. Finally, Toronto Dominion Bank increased its holdings in Sirius XM Holdings by 9.7% during the second quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock worth $111,000 after buying an additional 1,799 shares during the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.
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.
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