Sirius XM Holdings Inc. (NASDAQ:SIRI) Director Kristina Salen Sells 1,651 Shares

Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) Director Kristina Salen sold 1,651 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $22.27, for a total value of $36,767.77. Following the completion of the sale, the director now directly owns 15,471 shares of the company's stock, valued at $344,539.17. This represents a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Sirius XM Trading Down 3.1%

SIRI traded down $0.70 during mid-day trading on Friday, reaching $21.69. The stock had a trading volume of 3,510,922 shares, compared to its average volume of 5,129,221. The firm's fifty day simple moving average is $21.39 and its two-hundred day simple moving average is $23.16. The stock has a market capitalization of $7.33 billion, a P/E ratio of -3.38, a P/E/G ratio of 0.79 and a beta of 0.90. Sirius XM Holdings Inc. has a 52 week low of $18.69 and a 52 week high of $41.60. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.11). Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the prior year, the company earned $0.07 earnings per share. The company's quarterly revenue was down 4.3% on a year-over-year basis. On average, equities analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date was Friday, May 9th. Sirius XM's dividend payout ratio (DPR) is currently -16.56%.

Institutional Trading of Sirius XM

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Opal Wealth Advisors LLC bought a new position in Sirius XM during the 1st quarter worth approximately $25,000. Union Bancaire Privee UBP SA acquired a new stake in Sirius XM in the fourth quarter worth $26,000. Putney Financial Group LLC bought a new position in shares of Sirius XM during the fourth quarter worth $27,000. First Command Advisory Services Inc. acquired a new position in shares of Sirius XM in the 4th quarter valued at $30,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Sirius XM by 574.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock valued at $31,000 after buying an additional 1,144 shares during the period. 10.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SIRI has been the topic of several research analyst reports. Rosenblatt Securities decreased their price target on shares of Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Seaport Res Ptn raised shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Finally, Barrington Research restated an "outperform" rating and issued a $28.00 target price on shares of Sirius XM in a research note on Friday, May 2nd. Six analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $26.65.

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.