Sirius XM Holdings Inc (NASDAQ:SIRI)’s share price traded down 1.6% on Tuesday . The stock traded as low as $6.23 and last traded at $6.26. 979,418 shares traded hands during trading, a decline of 93% from the average session volume of 14,694,558 shares. The stock had previously closed at $6.36.
Several equities analysts have weighed in on the stock. Pivotal Research cut shares of Sirius XM from a “buy” rating to a “hold” rating and set a $7.75 price objective on the stock. in a research report on Tuesday, June 19th. BidaskClub upgraded shares of Sirius XM from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 16th. Goldman Sachs Group cut shares of Sirius XM from a “neutral” rating to a “sell” rating and set a $6.00 price objective on the stock. in a research report on Thursday, June 21st. Bank of America lifted their price objective on shares of Sirius XM from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Thursday, June 14th. Finally, Macquarie reiterated a “buy” rating and set a $7.75 price objective on shares of Sirius XM in a research report on Wednesday, June 6th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. Sirius XM currently has a consensus rating of “Hold” and a consensus target price of $6.72.
The company has a debt-to-equity ratio of -4.70, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a market capitalization of $28.12 billion, a price-to-earnings ratio of 31.85, a P/E/G ratio of 1.67 and a beta of 1.03.
Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Wednesday, July 25th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. Sirius XM had a net margin of 14.68% and a negative return on equity of 78.24%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the company posted $0.04 EPS. Sirius XM’s revenue was up 6.3% on a year-over-year basis. sell-side analysts expect that Sirius XM Holdings Inc will post 0.25 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Friday, August 10th were issued a dividend of $0.011 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Thursday, August 9th. Sirius XM’s dividend payout ratio is currently 20.00%.
In other news, EVP Stephen Cook sold 415,502 shares of the business’s stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $7.20, for a total transaction of $2,991,614.40. Following the transaction, the executive vice president now directly owns 1,988,300 shares in the company, valued at approximately $14,315,760. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.76% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Royal London Asset Management Ltd. purchased a new position in shares of Sirius XM during the 2nd quarter valued at $4,244,000. Schroder Investment Management Group grew its holdings in shares of Sirius XM by 90.7% during the 2nd quarter. Schroder Investment Management Group now owns 2,717,695 shares of the company’s stock valued at $18,534,000 after acquiring an additional 1,292,912 shares in the last quarter. Massmutual Trust Co. FSB ADV purchased a new position in shares of Sirius XM during the 2nd quarter valued at $1,036,000. HighPoint Advisor Group LLC purchased a new position in shares of Sirius XM during the 2nd quarter valued at $168,000. Finally, Andra AP fonden purchased a new position in shares of Sirius XM during the 2nd quarter valued at $5,884,000. Institutional investors and hedge funds own 18.50% of the company’s stock.
About Sirius XM (NASDAQ:SIRI)
Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, including various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.
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