Sirius XM’s (SIRI) Outperform Rating Reaffirmed at Barrington Research

Barrington Research restated their outperform rating on shares of Sirius XM (NASDAQ:SIRI) in a research note published on Thursday morning,Benzinga reports. The firm currently has a $30.00 target price on the stock.

SIRI has been the topic of a number of other reports. Seaport Res Ptn cut Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Wells Fargo & Company lowered their price target on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a report on Thursday, December 19th. Benchmark reissued a “buy” rating and issued a $43.00 price objective on shares of Sirius XM in a research note on Tuesday, October 15th. Pivotal Research lowered their target price on shares of Sirius XM from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, The Goldman Sachs Group cut their price target on Sirius XM from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $27.35.

Sirius XM Stock Up 5.8 %

Shares of SIRI stock opened at $23.11 on Thursday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. Sirius XM has a 12 month low of $20.47 and a 12 month high of $53.50. The stock has a market cap of $7.84 billion, a P/E ratio of -3.65, a P/E/G ratio of 1.11 and a beta of 1.05. The company has a 50 day simple moving average of $23.72 and a two-hundred day simple moving average of $26.97.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.63 by $0.20. Sirius XM had a positive return on equity of 68.38% and a negative net margin of 23.02%. On average, research analysts expect that Sirius XM will post -6 earnings per share for the current year.

Sirius XM Announces Dividend

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 given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.67%. The ex-dividend date of this dividend is Friday, February 7th. Sirius XM’s dividend payout ratio is presently -17.03%.

Hedge Funds Weigh In On Sirius XM

Several institutional investors have recently bought and sold shares of SIRI. Sessa Capital IM L.P. bought a new position in shares of Sirius XM in the 3rd quarter valued at about $77,983,000. Thompson Siegel & Walmsley LLC bought a new stake in shares of Sirius XM in the 3rd quarter valued at approximately $67,598,000. Seizert Capital Partners LLC purchased a new position in shares of Sirius XM in the 3rd quarter worth approximately $46,173,000. Marshall Wace LLP bought a new position in shares of Sirius XM during the 2nd quarter valued at approximately $3,616,000. Finally, Sanctuary Advisors LLC purchased a new stake in Sirius XM during the 2nd quarter valued at $3,041,000. Institutional investors own 10.69% of the company’s stock.

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.