Sirius XM (NASDAQ:SIRI) Insider Scott Andrew Greenstein Sells 20,744 Shares

Sirius XM Holdings Inc. (NASDAQ:SIRI) insider Scott Andrew Greenstein sold 20,744 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $29.83, for a total value of $618,793.52. Following the sale, the insider directly owned 20,163 shares of the company’s stock, valued at $601,462.29. This represents a 50.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Sirius XM Stock Performance

NASDAQ SIRI opened at $29.87 on Friday. The firm has a market cap of $10.05 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 0.64 and a beta of 0.94. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.83. The business has a 50-day moving average price of $25.46 and a 200-day moving average price of $22.70. Sirius XM Holdings Inc. has a twelve month low of $19.76 and a twelve month high of $30.11.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. Sirius XM had a return on equity of 9.19% and a net margin of 9.86%.The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the prior year, the company posted $0.59 earnings per share. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, equities research analysts predict that Sirius XM Holdings Inc. will post 3.1 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 11th were given a dividend of $0.27 per share. The ex-dividend date was Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a yield of 3.6%. Sirius XM’s dividend payout ratio is 45.57%.

Wall Street Analyst Weigh In

SIRI has been the topic of several research reports. JPMorgan Chase & Co. raised their price objective on Sirius XM from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Rosenblatt Securities reduced their price objective on Sirius XM from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Weiss Ratings upgraded Sirius XM from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, May 1st. Barrington Research raised their price objective on Sirius XM from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Finally, UBS Group set a $24.00 price objective on Sirius XM in a report on Tuesday, February 10th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $27.45.

Institutional Trading of Sirius XM

Institutional investors have recently made changes to their positions in the business. Sunbelt Securities Inc. increased its holdings in Sirius XM by 158.5% in the 1st quarter. Sunbelt Securities Inc. now owns 1,295 shares of the company’s stock worth $30,000 after buying an additional 794 shares during the period. Root Financial Partners LLC increased its holdings in Sirius XM by 612.8% in the 1st quarter. Root Financial Partners LLC now owns 1,390 shares of the company’s stock worth $32,000 after buying an additional 1,195 shares during the period. Rossby Financial LCC increased its holdings in Sirius XM by 57.7% in the 4th quarter. Rossby Financial LCC now owns 1,621 shares of the company’s stock worth $32,000 after buying an additional 593 shares during the period. Western Wealth Management LLC acquired a new position in Sirius XM in the 1st quarter worth approximately $33,000. Finally, Altshuler Shaham Ltd raised its stake in shares of Sirius XM by 36.7% during the 1st quarter. Altshuler Shaham Ltd now owns 1,553 shares of the company’s stock valued at $36,000 after buying an additional 417 shares during the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Company Profile

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.