Sirius XM (NASDAQ:SIRI) Sets New 52-Week Low at $3.00

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) hit a new 52-week low during trading on Thursday . The stock traded as low as $3.00 and last traded at $3.01, with a volume of 6003560 shares changing hands. The stock had previously closed at $3.16.

Wall Street Analyst Weigh In

Several brokerages recently commented on SIRI. Benchmark reduced their target price on Sirius XM from $7.00 to $6.50 and set a "buy" rating on the stock in a report on Wednesday, March 27th. Wells Fargo & Company reduced their target price on Sirius XM from $4.50 to $3.00 and set an "underweight" rating on the stock in a report on Monday, April 1st. StockNews.com assumed coverage on Sirius XM in a report on Sunday. They issued a "hold" rating on the stock. Citigroup upgraded Sirius XM from a "sell" rating to a "neutral" rating and cut their price target for the stock from $4.10 to $3.30 in a report on Wednesday. Finally, Guggenheim assumed coverage on Sirius XM in a report on Thursday, March 14th. They set a "neutral" rating and a $4.00 price target on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $4.67.

Sirius XM Stock Down 4.4 %

The company has a market capitalization of $11.62 billion, a P/E ratio of 9.44, a price-to-earnings-growth ratio of 1.07 and a beta of 1.04. The company has a 50-day moving average of $3.89 and a two-hundred day moving average of $4.61.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.02. Sirius XM had a negative return on equity of 42.54% and a net margin of 14.05%. The business had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.30 billion. As a group, equities analysts expect that Sirius XM Holdings Inc. will post 0.29 EPS for the current fiscal year.

Sirius XM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Friday, May 10th will be given a dividend of $0.0266 per share. This represents a $0.11 dividend on an annualized basis and a yield of 3.52%. Sirius XM's dividend payout ratio (DPR) is presently 34.38%.

Insider Buying and Selling at Sirius XM

In other Sirius XM news, insider Joseph A. Inzerillo sold 107,611 shares of the business's stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $4.90, for a total transaction of $527,293.90. Following the completion of the sale, the insider now owns 746,816 shares of the company's stock, valued at $3,659,398.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other 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 value of $3,936,000.00. Following the completion of the transaction, the director now owns 1,091,472 shares of the company's stock, valued at $5,370,042.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph A. Inzerillo sold 107,611 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $4.90, for a total value of $527,293.90. Following the transaction, the insider now directly owns 746,816 shares of the company's stock, valued at $3,659,398.40. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sirius XM

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GM Advisory Group LLC boosted its stake in Sirius XM by 10.0% during the fourth quarter. GM Advisory Group LLC now owns 22,003 shares of the company's stock valued at $120,000 after buying an additional 2,000 shares during the last quarter. Lindbrook Capital LLC lifted its stake in shares of Sirius XM by 20.5% in the 4th quarter. Lindbrook Capital LLC now owns 12,559 shares of the company's stock valued at $69,000 after purchasing an additional 2,139 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of Sirius XM by 14.8% in the 4th quarter. D.A. Davidson & CO. now owns 16,949 shares of the company's stock valued at $93,000 after purchasing an additional 2,183 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its stake in shares of Sirius XM by 0.6% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 388,200 shares of the company's stock valued at $2,123,000 after purchasing an additional 2,300 shares during the last quarter. Finally, Fi3 FINANCIAL ADVISORS LLC lifted its stake in shares of Sirius XM by 9.6% in the 3rd quarter. Fi3 FINANCIAL ADVISORS LLC now owns 27,518 shares of the company's stock valued at $124,000 after purchasing an additional 2,420 shares during the last quarter. 10.69% of the stock is owned by institutional investors.

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.