Stock Traders Buy Large Volume of Sirius XM Call Options (NASDAQ:SIRI)

Sirius XM Holdings Inc. (NASDAQ:SIRI) was the recipient of some unusual options trading on Wednesday. Stock traders purchased 70,933 call options on the stock. This represents an increase of approximately 254% compared to the typical daily volume of 20,032 call options.

Sirius XM Stock Up 1.2%

Shares of NASDAQ SIRI opened at $28.88 on Friday. The company has a 50 day simple moving average of $29.66 and a 200 day simple moving average of $27.01. The firm has a market cap of $9.73 billion, a PE ratio of 11.55, a price-to-earnings-growth ratio of 0.51 and a beta of 0.95. Sirius XM has a 1 year low of $19.76 and a 1 year high of $32.66. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.46 and a quick ratio of 0.46.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, July 30th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.08). Sirius XM had a net margin of 10.23% and a return on equity of 9.37%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the firm earned $0.57 EPS. Sirius XM’s quarterly revenue was up 1.0% on a year-over-year basis. On average, research analysts forecast that Sirius XM will post 3 EPS for the current year.

Sirius XM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 10th were issued a dividend of $0.27 per share. The ex-dividend date was Monday, August 10th. This represents a $1.08 annualized dividend and a yield of 3.7%. Sirius XM’s dividend payout ratio is 43.20%.

Wall Street Analyst Weigh In

SIRI has been the topic of several research reports. UBS Group set a $30.00 price target on shares of Sirius XM in a research note on Wednesday, July 29th. Wells Fargo & Company raised shares of Sirius XM from an “underweight” rating to an “overweight” rating in a report on Wednesday, September 2nd. JPMorgan Chase & Co. increased their target price on shares of Sirius XM from $26.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Morgan Stanley raised their target price on shares of Sirius XM from $24.00 to $28.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $45.00 price target on shares of Sirius XM in a research report on Tuesday, July 28th. Nine equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $32.00.

Sirius XM News Summary

Here are the key news stories impacting Sirius XM this week:

• Positive Sentiment: Investors purchased 70,933 SIRI call options on September 9—about 254% above average call volume—signaling increased near-term bullish speculation. SIRI also appeared among the market’s most actively traded options. Most Active Options Report: AI, GRAB, SIRI
• Positive Sentiment: Howard Stern’s show is being promoted for an HBO Max move, including a new trailer. Broader distribution could increase Stern’s audience and visibility, potentially supporting the value of SiriusXM’s flagship content and partnership portfolio. Howard Stern’s SiriusXM Show Heads To HBO Max With New Trailer
• Neutral Sentiment: SiriusXM management participated in Goldman Sachs and Bank of America media conferences. The available reports identify presentation transcripts but provide no specific new guidance, financial targets, or strategic announcements likely to materially change valuation. Goldman Sachs Conference Transcript
• Neutral Sentiment: The reported short-interest data shows zero shares and a zero-day short-interest ratio, but the accompanying percentage increase is listed as “NaN,” making the figures unreliable and offering little usable insight into investor positioning.
• Negative Sentiment: Reports say Channel 101 was dropped following mass layoffs, while Stern’s wife addressed the show’s HBO move. Losing SiriusXM-exclusive programming could raise concerns about content reductions, employee disruption, and whether the HBO arrangement benefits SiriusXM directly. Howard Stern’s Wife Discusses HBO Move

Insider Activity

In other Sirius XM news, Director Jonelle Procope sold 16,672 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $29.97, for a total transaction of $499,659.84. Following the completion of the sale, the director owned 18,354 shares of the company’s stock, valued at $550,069.38. This trade represents a 47.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.27% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Fifth Third Bancorp bought a new position in shares of Sirius XM in the first quarter worth about $1,243,000. Aspen Grove Capital LLC purchased a new position in Sirius XM in the 1st quarter worth approximately $2,277,000. Brighton Jones LLC purchased a new position in Sirius XM in the 4th quarter worth approximately $622,000. Bank of New York Mellon Corp boosted its stake in Sirius XM by 7.8% in the 1st quarter. Bank of New York Mellon Corp now owns 2,177,761 shares of the company’s stock worth $50,263,000 after purchasing an additional 157,860 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Sirius XM by 262.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,301,181 shares of the company’s stock worth $145,426,000 after purchasing an additional 4,560,821 shares during the period. 10.69% of the stock is owned by institutional investors.

Sirius XM Company Profile

Sirius XM Holdings Inc provides subscription-based audio entertainment and information services in the United States and Canada. Its SiriusXM service delivers commercial-free music, sports, news, talk and entertainment programming through satellite radio and internet streaming, including its mobile app and connected-vehicle platforms.

The company offers a broad range of exclusive and licensed content, including live sports coverage, original talk and comedy programs, news services, podcasts, and music channels organized by genre and artist.