Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report)'s stock price dropped 3.5% during trading on Wednesday . The company traded as low as $3.83 and last traded at $3.85. Approximately 13,540,287 shares changed hands during mid-day trading, a decline of 2% from the average daily volume of 13,781,681 shares. The stock had previously closed at $3.99.
Analysts Set New Price Targets
SIRI has been the subject of a number of recent research reports. Wells Fargo & Company reissued an "underweight" rating and issued a $4.50 price objective (down previously from $5.00) on shares of Sirius XM in a research note on Tuesday, January 23rd. StockNews.com assumed coverage on Sirius XM in a research report on Wednesday. They set a "hold" rating on the stock. Benchmark reaffirmed a "buy" rating and set a $7.00 price target on shares of Sirius XM in a research report on Wednesday, December 13th. Citigroup upped their price target on Sirius XM from $3.60 to $4.10 and gave the stock a "sell" rating in a research report on Friday, January 12th. Finally, Guggenheim assumed coverage on Sirius XM in a research report on Thursday, March 14th. They set a "neutral" rating and a $4.00 price target on the stock. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $4.89.
Get Our Latest Analysis on SIRI
Sirius XM Stock Down 3.0 %
The business's 50-day simple moving average is $4.80 and its two-hundred day simple moving average is $4.76. The firm has a market cap of $14.87 billion, a price-to-earnings ratio of 12.09, a P/E/G ratio of 1.36 and a beta of 1.05.
Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.02. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.30 billion. Sirius XM had a net margin of 14.05% and a negative return on equity of 42.54%. On average, analysts expect that Sirius XM Holdings Inc. will post 0.3 earnings per share for the current year.
Sirius XM Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a dividend of $0.0266 per share. The ex-dividend date was Thursday, February 8th. This represents a $0.11 annualized dividend and a dividend yield of 2.75%. Sirius XM's dividend payout ratio (DPR) is presently 34.38%.
Insider Buying and Selling
In related news, insider Joseph A. Inzerillo sold 107,611 shares of the company's stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $4.90, for a total transaction of $527,293.90. Following the completion of the transaction, the insider now owns 746,816 shares in the company, valued at approximately $3,659,398.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Joseph A. Inzerillo sold 107,611 shares of the company's stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $4.90, for a total transaction of $527,293.90. Following the completion of the transaction, the insider now owns 746,816 shares in the company, valued at approximately $3,659,398.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the director now owns 1,091,472 shares of the company's stock, valued at approximately $5,370,042.24. The disclosure for this sale can be found here. Insiders own 0.79% of the company's stock.
Institutional Trading of Sirius XM
A number of hedge funds have recently bought and sold shares of the business. Sivia Capital Partners LLC acquired a new stake in Sirius XM in the 4th quarter valued at about $77,000. Vanguard Group Inc. raised its holdings in Sirius XM by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 54,682,133 shares of the company's stock valued at $299,111,000 after acquiring an additional 363,551 shares during the last quarter. ICA Group Wealth Management LLC acquired a new stake in Sirius XM in the 4th quarter valued at about $48,000. American International Group Inc. raised its holdings in Sirius XM by 1.8% in the 4th quarter. American International Group Inc. now owns 272,061 shares of the company's stock valued at $1,488,000 after acquiring an additional 4,846 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its holdings in Sirius XM by 66.6% in the 4th quarter. V Square Quantitative Management LLC now owns 7,990 shares of the company's stock valued at $44,000 after acquiring an additional 3,194 shares during the last quarter. Institutional investors and hedge funds own 10.50% of the company's stock.
About Sirius XM
(
Get Free Report)
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.
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