Sirius XM (SIRI) Hits New 1-Year High and Low at $7.34

Sirius XM Holdings Inc (NASDAQ:SIRI) hit a new 52-week high and low on Tuesday . The company traded as low as $7.34 and last traded at $7.31, with a volume of 456536 shares. The stock had previously closed at $7.22.

A number of equities research analysts have weighed in on SIRI shares. Zacks Investment Research upgraded Sirius XM from a “hold” rating to a “buy” rating and set a $7.00 target price for the company in a report on Wednesday, March 28th. ValuEngine upgraded Sirius XM from a “hold” rating to a “buy” rating in a report on Wednesday, April 4th. Macquarie reiterated a “buy” rating and issued a $7.00 target price on shares of Sirius XM in a report on Sunday, April 29th. Bank of America lifted their target price on Sirius XM from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Pivotal Research lifted their target price on Sirius XM from $7.05 to $7.75 and gave the stock a “buy” rating in a report on Tuesday, May 22nd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Sirius XM currently has a consensus rating of “Hold” and a consensus price target of $6.44.

The firm has a market cap of $32.43 billion, a P/E ratio of 36.65, a P/E/G ratio of 1.98 and a beta of 1.12. The company has a debt-to-equity ratio of -4.35, a current ratio of 0.18 and a quick ratio of 0.17.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Wednesday, April 25th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. Sirius XM had a negative return on equity of 76.24% and a net margin of 13.26%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.04 earnings per share. equities analysts forecast that Sirius XM Holdings Inc will post 0.24 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 31st. Stockholders of record on Thursday, May 10th were issued a dividend of $0.011 per share. The ex-dividend date of this dividend was Wednesday, May 9th. This represents a $0.04 annualized dividend and a dividend yield of 0.60%. Sirius XM’s dividend payout ratio is 20.00%.

In related news, CFO David J. Frear sold 725,350 shares of Sirius XM stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $6.56, for a total transaction of $4,758,296.00. Following the transaction, the chief financial officer now owns 1,508,371 shares of the company’s stock, valued at $9,894,913.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Stephen Cook sold 97,550 shares of Sirius XM stock in a transaction that occurred on Thursday, April 26th. The shares were sold at an average price of $6.35, for a total value of $619,442.50. Following the transaction, the executive vice president now directly owns 1,305,993 shares in the company, valued at approximately $8,293,055.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,036,624 shares of company stock valued at $13,638,877. Corporate insiders own 0.76% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Sirius XM by 5.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 187,349 shares of the company’s stock valued at $1,002,000 after buying an additional 8,877 shares during the last quarter. Alps Advisors Inc. boosted its position in shares of Sirius XM by 21.0% during the fourth quarter. Alps Advisors Inc. now owns 51,956 shares of the company’s stock valued at $278,000 after buying an additional 9,027 shares during the last quarter. Profund Advisors LLC boosted its position in shares of Sirius XM by 3.4% during the first quarter. Profund Advisors LLC now owns 281,674 shares of the company’s stock valued at $1,758,000 after buying an additional 9,263 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in shares of Sirius XM by 2.8% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 335,298 shares of the company’s stock valued at $1,797,000 after buying an additional 9,290 shares during the last quarter. Finally, Koch Industries Inc. boosted its position in shares of Sirius XM by 31.1% during the fourth quarter. Koch Industries Inc. now owns 41,264 shares of the company’s stock valued at $221,000 after buying an additional 9,789 shares during the last quarter. 18.61% of the stock is currently owned by institutional investors.

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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