Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) saw strong trading volume on Friday . 33,939,512 shares were traded during mid-day trading, an increase of 88% from the previous session's volume of 18,053,477 shares.The stock last traded at $2.59 and had previously closed at $2.54.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the stock. Barrington Research reaffirmed an "outperform" rating and issued a $4.75 target price on shares of Sirius XM in a research report on Tuesday, May 28th. Pivotal Research upgraded shares of Sirius XM from a "hold" rating to a "buy" rating and dropped their price objective for the company from $5.05 to $4.90 in a research note on Wednesday, April 24th. StockNews.com started coverage on shares of Sirius XM in a research note on Saturday, June 8th. They issued a "hold" rating on the stock. Guggenheim started coverage on shares of Sirius XM in a research note on Thursday, March 14th. They issued a "neutral" rating and a $4.00 price objective on the stock. Finally, Rosenblatt Securities dropped their price objective on shares of Sirius XM from $4.50 to $3.40 and set a "neutral" rating on the stock in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $4.33.
Get Our Latest Report on SIRI
Sirius XM Price Performance
The business's 50 day moving average price is $2.96 and its 200-day moving average price is $4.16. The firm has a market capitalization of $10.04 billion, a price-to-earnings ratio of 7.91, a price-to-earnings-growth ratio of 0.86 and a beta of 1.08.
Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. Sirius XM had a net margin of 14.38% and a negative return on equity of 47.17%. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the business posted $0.06 earnings per share. The business's revenue was up .8% compared to the same quarter last year. As a group, analysts expect that Sirius XM Holdings Inc. will post 0.31 earnings per share for the current fiscal year.
Sirius XM Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Friday, May 10th were issued a dividend of $0.0266 per share. This represents a $0.11 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date was Thursday, May 9th. Sirius XM's dividend payout ratio is currently 33.33%.
Insider Buying and Selling
In related news, Director Kristina Salen sold 12,518 shares of the business's stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $2.60, for a total transaction of $32,546.80. Following the sale, the director now owns 169,309 shares of the company's stock, valued at $440,203.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.79% of the stock is owned by insiders.
Institutional Trading of Sirius XM
A number of institutional investors have recently added to or reduced their stakes in the stock. Truvestments Capital LLC purchased a new stake in shares of Sirius XM in the third quarter valued at about $27,000. BKM Wealth Management LLC purchased a new stake in shares of Sirius XM in the fourth quarter valued at about $27,000. First PREMIER Bank purchased a new stake in shares of Sirius XM in the first quarter valued at about $31,000. First United Bank & Trust purchased a new stake in shares of Sirius XM in the fourth quarter valued at about $37,000. Finally, TFO Wealth Partners LLC lifted its holdings in shares of Sirius XM by 140,560.0% in the fourth quarter. TFO Wealth Partners LLC now owns 7,033 shares of the company's stock valued at $38,000 after purchasing an additional 7,028 shares in the last quarter. Hedge funds and other institutional investors own 10.69% of the company's stock.
About Sirius XM
(Get Free Report)
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.
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