Sirius XM (NASDAQ:SIRI) Sets New 52-Week Low at $3.13

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as $3.13 and last traded at $3.14, with a volume of 1047986 shares trading hands. The stock had previously closed at $3.18.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SIRI. Wells Fargo & Company dropped their price target on Sirius XM from $4.50 to $3.00 and set an "underweight" rating for the company in a report on Monday, April 1st. Guggenheim initiated coverage on Sirius XM in a research note on Thursday, March 14th. They issued a "neutral" rating and a $4.00 target price for the company. Benchmark lowered their target price on Sirius XM from $7.00 to $6.50 and set a "buy" rating for the company in a research note on Wednesday, March 27th. StockNews.com initiated coverage on Sirius XM in a research note on Saturday. They issued a "hold" rating for the company. Finally, Citigroup lifted their target price on Sirius XM from $3.60 to $4.10 and gave the company a "sell" rating in a research note on Friday, January 12th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $4.74.

Sirius XM Stock Down 0.9 %

The company has a fifty day simple moving average of $4.14 and a two-hundred day simple moving average of $4.67. The stock has a market capitalization of $12.12 billion, a P/E ratio of 9.84, a price-to-earnings-growth ratio of 1.09 and a beta of 1.04.

Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its earnings results on Thursday, February 1st. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.30 billion. Sirius XM had a negative return on equity of 42.54% and a net margin of 14.05%. As a group, equities analysts forecast that Sirius XM Holdings Inc. will post 0.29 earnings per share for the current year.

Sirius XM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a $0.0266 dividend. The ex-dividend date was Thursday, February 8th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 3.38%. Sirius XM's dividend payout ratio (DPR) is 31.25%.

Insider Activity

In other news, Director James E. Meyer sold 800,000 shares of the business's stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $4.92, for a total value of $3,936,000.00. Following the sale, the director now directly owns 1,091,472 shares in the company, valued at $5,370,042.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director James E. Meyer sold 800,000 shares of the company's stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $4.92, for a total transaction of $3,936,000.00. Following the sale, the director now owns 1,091,472 shares in the company, valued at $5,370,042.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph A. Inzerillo sold 107,611 shares of the company's stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $4.90, for a total value of $527,293.90. Following the sale, the insider now owns 746,816 shares in the company, valued at approximately $3,659,398.40. The disclosure for this sale can be found here. Corporate insiders own 0.79% of the company's stock.

Institutional Trading of Sirius XM

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BKM Wealth Management LLC acquired a new position in Sirius XM during the fourth quarter worth approximately $27,000. Truvestments Capital LLC acquired a new position in Sirius XM during the third quarter worth approximately $27,000. Hibernia Wealth Partners LLC acquired a new position in Sirius XM during the third quarter worth approximately $30,000. First United Bank & Trust acquired a new position in Sirius XM during the fourth quarter worth approximately $37,000. Finally, TFO Wealth Partners LLC increased its position in Sirius XM by 140,560.0% during the fourth quarter. TFO Wealth Partners LLC now owns 7,033 shares of the company's stock worth $38,000 after buying an additional 7,028 shares during the last quarter. Institutional investors own 10.69% of the company's stock.

About Sirius XM

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company's Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.