Sirius XM (SIRI) Hits New 12-Month High and Low at $7.34

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

SIRI has been the topic of several analyst reports. Zacks Investment Research cut Sirius XM from a “hold” rating to a “sell” rating in a research report on Wednesday, April 11th. Pivotal Research lifted their target price on Sirius XM from $7.05 to $7.75 and gave the company a “buy” rating in a research report on Tuesday, May 22nd. ValuEngine raised Sirius XM from a “hold” rating to a “buy” rating in a research report on Wednesday, April 4th. Citigroup cut Sirius XM from a “buy” rating to a “neutral” rating and set a $6.65 price objective on the stock. in a research report on Thursday, March 22nd. Finally, BidaskClub raised Sirius XM from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 27th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $6.44.

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

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Wednesday, April 25th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Sirius XM had a negative return on equity of 76.24% and a net margin of 13.26%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the prior year, the firm earned $0.04 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. analysts predict that Sirius XM Holdings Inc will post 0.24 earnings per share for the current year.

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

In other news, Director Joan Lordi Amble sold 34,565 shares of the company’s stock in a transaction on Monday, June 11th. The stock was sold at an average price of $7.25, for a total transaction of $250,596.25. Following the transaction, the director now owns 70,404 shares of the company’s stock, valued at approximately $510,429. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen Cook sold 97,550 shares of the company’s stock in a transaction 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. Insiders have sold a total of 2,036,624 shares of company stock worth $13,638,877 in the last ninety days. Insiders own 0.76% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of SIRI. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Sirius XM by 5.0% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 187,349 shares of the company’s stock valued at $1,002,000 after purchasing an additional 8,877 shares during the period. Alps Advisors Inc. raised its stake in shares of Sirius XM by 21.0% during the 4th quarter. Alps Advisors Inc. now owns 51,956 shares of the company’s stock valued at $278,000 after purchasing an additional 9,027 shares during the period. Profund Advisors LLC raised its stake in shares of Sirius XM by 3.4% during the 1st quarter. Profund Advisors LLC now owns 281,674 shares of the company’s stock valued at $1,758,000 after purchasing an additional 9,263 shares during the period. Public Employees Retirement Association of Colorado raised its stake in shares of Sirius XM by 2.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 335,298 shares of the company’s stock valued at $1,797,000 after purchasing an additional 9,290 shares during the period. Finally, Koch Industries Inc. raised its stake in shares of Sirius XM by 31.1% during the 4th quarter. Koch Industries Inc. now owns 41,264 shares of the company’s stock valued at $221,000 after purchasing an additional 9,789 shares during the period. 18.61% of the stock is currently owned by hedge funds and other 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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