Sirius XM Holdings Inc (NASDAQ:SIRI) was the recipient of unusually large options trading activity on Wednesday. Stock traders bought 27,387 put options on the company. This is an increase of approximately 986% compared to the typical volume of 2,521 put options.
Several equities analysts have recently issued reports on SIRI shares. Pivotal Research downgraded shares of Sirius XM from a “buy” rating to a “hold” rating and set a $7.75 price target for the company. in a report on Tuesday, June 19th. BidaskClub raised shares of Sirius XM from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 16th. Goldman Sachs Group downgraded shares of Sirius XM from a “neutral” rating to a “sell” rating and set a $6.00 price target for the company. in a report on Thursday, June 21st. Bank of America boosted their price target on shares of Sirius XM from $7.00 to $8.00 and gave the company a “buy” rating in a report on Thursday, June 14th. Finally, Macquarie reissued a “buy” rating and set a $7.75 price target on shares of Sirius XM in a report on Wednesday, June 6th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. Sirius XM currently has a consensus rating of “Hold” and an average price target of $6.86.
Shares of NASDAQ SIRI opened at $6.36 on Friday. Sirius XM has a fifty-two week low of $5.17 and a fifty-two week high of $7.70. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of -4.70. The stock has a market cap of $28.16 billion, a P/E ratio of 31.80, a P/E/G ratio of 1.71 and a beta of 1.03.
Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Wednesday, July 25th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates 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 business earned $0.04 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. analysts predict that Sirius XM will post 0.25 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Friday, August 10th were paid a dividend of $0.011 per share. This represents a $0.04 dividend on an annualized basis 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 Sirius XM news, EVP Stephen Cook sold 415,502 shares of Sirius XM stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $7.20, for a total value of $2,991,614.40. Following the completion of the transaction, the executive vice president now owns 1,988,300 shares of the company’s stock, valued at $14,315,760. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.76% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of SIRI. BlackRock Inc. raised its stake in shares of Sirius XM by 5.7% during the second quarter. BlackRock Inc. now owns 78,163,054 shares of the company’s stock valued at $529,167,000 after purchasing an additional 4,249,152 shares in the last quarter. FMR LLC raised its stake in shares of Sirius XM by 8.8% during the second quarter. FMR LLC now owns 52,096,871 shares of the company’s stock valued at $352,695,000 after purchasing an additional 4,200,422 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Sirius XM by 382.7% during the second quarter. Teacher Retirement System of Texas now owns 4,895,313 shares of the company’s stock valued at $33,141,000 after purchasing an additional 3,881,157 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Sirius XM by 817.2% during the second quarter. Renaissance Technologies LLC now owns 4,110,000 shares of the company’s stock valued at $27,825,000 after purchasing an additional 3,661,900 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Sirius XM by 135.6% during the second quarter. Morgan Stanley now owns 5,508,809 shares of the company’s stock valued at $37,296,000 after purchasing an additional 3,170,709 shares in the last quarter. Institutional investors and hedge funds own 18.50% of the company’s stock.
About Sirius XM
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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