Sirius XM Holdings Inc (SIRI) EVP James Arthur Cady Sells 588,503 Shares

Sirius XM Holdings Inc (NASDAQ:SIRI) EVP James Arthur Cady sold 588,503 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $6.13, for a total value of $3,607,523.39. Following the completion of the transaction, the executive vice president now owns 1,840,070 shares in the company, valued at approximately $11,279,629.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NASDAQ:SIRI traded up $0.01 during mid-day trading on Friday, reaching $6.14. 1,392,328 shares of the stock were exchanged, compared to its average volume of 27,663,287. The company has a market capitalization of $27.54 billion, a PE ratio of 23.73, a P/E/G ratio of 2.49 and a beta of 1.05. Sirius XM Holdings Inc has a 1 year low of $5.48 and a 1 year high of $7.70.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings results on Wednesday, January 30th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.48 billion. Sirius XM had a negative return on equity of 76.76% and a net margin of 20.38%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) EPS. Equities research analysts predict that Sirius XM Holdings Inc will post 0.22 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, February 28th. Investors of record on Monday, February 11th were paid a dividend of $0.0121 per share. The ex-dividend date was Friday, February 8th. This represents a $0.05 dividend on an annualized basis and a yield of 0.79%. Sirius XM’s dividend payout ratio is presently 19.23%.

Sirius XM declared that its board has initiated a share repurchase program on Tuesday, January 29th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 7.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in Sirius XM by 6.9% during the 4th quarter. BlackRock Inc. now owns 81,345,924 shares of the company’s stock worth $464,485,000 after buying an additional 5,256,918 shares during the last quarter. Eagle Asset Management Inc. grew its stake in shares of Sirius XM by 6.9% in the 4th quarter. Eagle Asset Management Inc. now owns 18,093,417 shares of the company’s stock valued at $103,313,000 after purchasing an additional 1,170,648 shares during the last quarter. APG Asset Management N.V. grew its stake in shares of Sirius XM by 7.1% in the 4th quarter. APG Asset Management N.V. now owns 16,576,862 shares of the company’s stock valued at $82,801,000 after purchasing an additional 1,104,100 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Sirius XM by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 15,660,182 shares of the company’s stock valued at $89,361,000 after purchasing an additional 553,127 shares during the last quarter. Finally, Carillon Tower Advisers Inc. grew its stake in shares of Sirius XM by 9.0% in the 3rd quarter. Carillon Tower Advisers Inc. now owns 12,755,822 shares of the company’s stock valued at $80,616,000 after purchasing an additional 1,058,115 shares during the last quarter. Hedge funds and other institutional investors own 16.91% of the company’s stock.

A number of research firms have recently commented on SIRI. Zacks Investment Research downgraded Sirius XM from a “buy” rating to a “hold” rating and set a $7.00 price objective on the stock. in a report on Thursday, November 15th. BidaskClub upgraded Sirius XM from a “hold” rating to a “buy” rating in a report on Tuesday, December 11th. Morgan Stanley began coverage on Sirius XM in a report on Friday. They issued an “equal weight” rating and a $6.50 price objective on the stock. Barclays set a $6.00 price objective on Sirius XM and gave the company a “sell” rating in a report on Saturday, February 2nd. Finally, Pivotal Research reiterated a “hold” rating and issued a $7.00 price objective on shares of Sirius XM in a report on Thursday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $7.22.

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Sirius XM Company Profile

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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