Sirius XM Holdings Inc (NASDAQ:SIRI) VP Thomas D. Barry sold 164,715 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $5.99, for a total value of $986,642.85. Following the transaction, the vice president now owns 265,735 shares of the company’s stock, valued at $1,591,752.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
SIRI stock traded up $0.02 during mid-day trading on Wednesday, reaching $6.11. The company’s stock had a trading volume of 20,925,900 shares, compared to its average volume of 27,018,402. The company has a market capitalization of $27.12 billion, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 2.53 and a beta of 1.03. The business’s 50 day moving average price is $5.95. The company has a debt-to-equity ratio of 46.63, a quick ratio of 0.33 and a current ratio of 0.33. Sirius XM Holdings Inc has a 12 month low of $5.23 and a 12 month high of $7.25.
Sirius XM (NASDAQ:SIRI) last issued its earnings results on Tuesday, July 30th. The company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.93 billion. Sirius XM had a negative return on equity of 117.72% and a net margin of 15.25%. The firm’s revenue for the quarter was up 38.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 earnings per share. Research analysts anticipate that Sirius XM Holdings Inc will post 0.21 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 9th will be issued a $0.0121 dividend. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.05 dividend on an annualized basis and a yield of 0.79%. Sirius XM’s payout ratio is currently 19.23%.
Hedge funds have recently modified their holdings of the business. Farmers National Bank bought a new stake in Sirius XM in the first quarter worth approximately $27,000. Quadrant Capital Group LLC grew its stake in Sirius XM by 62.5% in the first quarter. Quadrant Capital Group LLC now owns 5,650 shares of the company’s stock valued at $30,000 after acquiring an additional 2,174 shares during the period. Coastal Capital Group Inc. acquired a new stake in Sirius XM in the second quarter valued at approximately $32,000. Westside Investment Management Inc. acquired a new stake in Sirius XM in the second quarter valued at approximately $37,000. Finally, Manchester Financial Inc. acquired a new stake in Sirius XM in the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 20.60% of the company’s stock.
A number of equities analysts have recently issued reports on the company. BidaskClub upgraded Sirius XM from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 19th. Credit Suisse Group upgraded Sirius XM from a “neutral” rating to an “outperform” rating and set a $7.00 price objective for the company in a research report on Monday, June 10th. Pivotal Research restated a “buy” rating and set a $7.00 price objective on shares of Sirius XM in a research report on Tuesday, July 30th. Zacks Investment Research downgraded Sirius XM from a “buy” rating to a “hold” rating in a research report on Monday, May 6th. Finally, Barrington Research restated a “buy” rating and set a $8.00 price objective on shares of Sirius XM in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $7.29.
About Sirius XM
Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres ranging from rock, pop and hip-hop, 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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