Barrington Research Reiterates Outperform Rating for Sirius XM (NASDAQ:SIRI)

Sirius XM (NASDAQ:SIRI)‘s stock had its “outperform” rating reissued by equities researchers at Barrington Research in a report released on Thursday,Benzinga reports. They currently have a $30.00 target price on the stock. Barrington Research’s target price points to a potential upside of 29.81% from the company’s previous close.

A number of other research analysts have also recently weighed in on the stock. Seaport Res Ptn cut shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Wells Fargo & Company cut 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. Rosenblatt Securities raised their price objective on shares of Sirius XM from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 11th. Morgan Stanley cut their target price on Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research note on Thursday, January 23rd. Finally, Pivotal Research decreased their price target on Sirius XM from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $27.35.

Sirius XM Trading Up 5.8 %

Shares of NASDAQ:SIRI traded up $1.27 during trading on Thursday, reaching $23.11. The company’s stock had a trading volume of 12,560,663 shares, compared to its average volume of 5,216,371. The stock has a market capitalization of $7.84 billion, a PE ratio of -3.65, a price-to-earnings-growth ratio of 1.11 and a beta of 1.05. Sirius XM has a 12 month low of $20.47 and a 12 month high of $53.50. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. The firm’s 50 day simple moving average is $23.72 and its two-hundred day simple moving average is $26.97.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating 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 predict that Sirius XM will post -6 EPS for the current fiscal year.

Institutional Trading of Sirius XM

Institutional investors have recently modified their holdings of the company. Union Bancaire Privee UBP SA purchased a new stake in Sirius XM during the fourth quarter valued at approximately $26,000. Coston McIsaac & Partners boosted its position in shares of Sirius XM by 113.5% in the 3rd quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock worth $27,000 after purchasing an additional 624 shares in the last quarter. TCTC Holdings LLC purchased a new position in Sirius XM during the 3rd quarter worth $29,000. Geneos Wealth Management Inc. increased its position in Sirius XM by 574.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after buying an additional 1,144 shares in the last quarter. Finally, Princeton Global Asset Management LLC raised its stake in Sirius XM by 2,683.7% in the third quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock valued at $32,000 after buying an additional 1,315 shares during the last quarter. 10.69% of the stock is currently owned by institutional investors.

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.