Sirius XM (NASDAQ:SIRI) Shares Up 4.9% – Time to Buy?

Sirius XM Holdings Inc. (NASDAQ:SIRI) shares shot up 4.9% on Friday . The company traded as high as $24.81 and last traded at $24.91. 810,236 shares changed hands during trading, a decline of 85% from the average session volume of 5,326,270 shares. The stock had previously closed at $23.75.

Analyst Ratings Changes

A number of brokerages have weighed in on SIRI. StockNews.com began coverage on shares of Sirius XM in a research report on Wednesday, November 13th. They set a “sell” rating for the company. Wells Fargo & Company dropped their price target on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research report on Thursday, December 19th. Rosenblatt Securities lowered their price objective on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Morgan Stanley lowered their price objective on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. Finally, Barrington Research set a $28.00 price objective on shares of Sirius XM in a research note on Friday, January 31st. Six research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Sirius XM presently has an average rating of “Hold” and an average target price of $26.81.

Sirius XM Stock Up 6.2 %

The business’s 50 day moving average is $23.64 and its 200-day moving average is $25.33. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. The company has a market cap of $8.55 billion, a PE ratio of -3.94, a P/E/G ratio of 0.79 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.20. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. As a group, analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a dividend of $0.27 per share. The ex-dividend date was Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.28%. Sirius XM’s dividend payout ratio is presently -16.85%.

Institutional Trading of Sirius XM

Several institutional investors have recently modified their holdings of the stock. Xponance Inc. lifted its position in shares of Sirius XM by 4.5% during the 4th quarter. Xponance Inc. now owns 12,341 shares of the company’s stock worth $281,000 after buying an additional 527 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Sirius XM by 4.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 14,856 shares of the company’s stock worth $339,000 after buying an additional 630 shares during the last quarter. Wealthspire Advisors LLC lifted its position in shares of Sirius XM by 4.3% during the 4th quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company’s stock worth $358,000 after buying an additional 643 shares during the last quarter. Proficio Capital Partners LLC lifted its position in shares of Sirius XM by 5.9% during the 4th quarter. Proficio Capital Partners LLC now owns 14,258 shares of the company’s stock worth $325,000 after buying an additional 791 shares during the last quarter. Finally, Mill Creek Capital Advisors LLC lifted its position in shares of 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 buying an additional 837 shares during the last quarter. Hedge funds and other institutional investors own 10.69% of the company’s stock.

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.