Investors Buy High Volume of Call Options on Sirius XM (NASDAQ:SIRI)

Sirius XM Holdings Inc. (NASDAQ:SIRI) saw unusually large options trading on Friday. Stock traders bought 37,175 call options on the company. This represents an increase of 84% compared to the average volume of 20,228 call options.

Insider Buying and Selling at Sirius XM

In other news, Director Jonelle Procope sold 16,672 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $550,069.38. The trade was a 47.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.27% of the stock is owned by corporate insiders.

Institutional Trading of Sirius XM

Several institutional investors and hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in shares of Sirius XM during the 2nd quarter worth approximately $32,000. Sunbelt Securities Inc. increased its position in Sirius XM by 158.5% in the first 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 boosted its holdings in shares of Sirius XM by 612.8% during the first quarter. Root Financial Partners LLC now owns 1,390 shares of the company’s stock valued at $32,000 after acquiring an additional 1,195 shares during the period. Western Wealth Management LLC bought a new position in shares of Sirius XM during the first quarter worth about $33,000. Finally, Altshuler Shaham Ltd increased its holdings in shares of Sirius XM by 36.7% in the 1st quarter. Altshuler Shaham Ltd now owns 1,553 shares of the company’s stock worth $36,000 after acquiring an additional 417 shares during the period. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM News Roundup

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

• Positive Sentiment: A reported $8 billion SpaceX deal for Grain Management’s spectrum portfolio renewed investor interest in the potential value of Sirius XM’s licensed spectrum. While the assets are not directly comparable and the transaction still requires FCC approval, the implied valuation offered a positive read-through for SIRI’s spectrum holdings. Sirius XM Stock Is Up, What You Need To Know
• Positive Sentiment: Investors purchased 37,175 Sirius XM call options, approximately 84% above the average daily volume. The activity suggests increased short-term bullish interest, though options flow does not guarantee sustained buying in the shares.
• Positive Sentiment: A judge cleared Sirius XM in an AI hiring-discrimination lawsuit, removing a potentially costly legal and reputational overhang. The Judge’s Rationale: Sirius XM Cleared in AI Hiring-Discrimination Lawsuit
• Neutral Sentiment: Sirius XM is promoting live coverage of the Buccaneers-Cowboys Thursday Night Football game and an exclusive Gracie Abrams performance. These initiatives support engagement and subscriber value but are unlikely to materially change near-term financial results. Buccaneers vs. Cowboys: Listen Live to the Thursday Night Football Game on SiriusXM
• Neutral Sentiment: A market commentary highlighted a 2.69% weekly gain and a 28.38% year-to-date return, while noting a substantially weaker three-year total return. This underscores improving recent momentum but mixed longer-term sentiment. Sirius XM Holdings Rebounds Into Focus
• Negative Sentiment: SiriusXM is facing criticism over the cancellation of a Raw Comedy project. The company reaffirmed support for comics and said the decision predated Sebastian Maniscalco’s arrival, while Maniscalco distanced himself from the cancellation. The issue appears more reputational than financial for now, but could affect talent relationships and programming perception. SiriusXM Reaffirms Commitment to Comics

Analyst Ratings Changes

A number of analysts recently weighed in on SIRI shares. Citigroup reaffirmed a “sell” rating and set a $25.00 price target (up from $22.00) on shares of Sirius XM in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft raised Sirius XM from a “hold” rating to a “buy” rating and upped their target price for the stock from $31.00 to $45.00 in a research report on Wednesday, September 2nd. Scotiabank started coverage on Sirius XM in a research report on Wednesday, September 2nd. They set an “outperform” rating on the stock. Cantor Fitzgerald initiated coverage on Sirius XM in a report on Wednesday, September 2nd. They issued an “overweight” rating for the company. Finally, Morgan Stanley lifted their price objective on shares of Sirius XM from $24.00 to $28.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $32.15.

Sirius XM Stock Performance

Shares of SIRI opened at $26.51 on Friday. The business’s 50 day moving average is $28.09 and its two-hundred day moving average is $27.69. Sirius XM has a 52-week low of $19.76 and a 52-week high of $32.66. The firm has a market cap of $8.94 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 0.47 and a beta of 0.98. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.79.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.08). Sirius XM had a return on equity of 9.37% and a net margin of 10.23%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the firm posted $0.57 EPS. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. Analysts forecast that Sirius XM will post 3.00 EPS for the current fiscal year.

Sirius XM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Monday, August 10th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, August 10th. Sirius XM’s dividend payout ratio is 43.20%.

About Sirius XM

Sirius XM Holdings Inc (NASDAQ: SIRI) is an audio entertainment company that provides subscription-based satellite radio and streaming services in the United States and Canada. Its SiriusXM service offers commercial-free music, live sports, news, talk programming, comedy, entertainment, and exclusive original content through connected vehicles, the SiriusXM app, and other connected devices.

The company distributes SiriusXM primarily through automakers and vehicle dealers, as well as directly to consumers.