Sirius XM Sees Unusually Large Options Volume (NASDAQ:SIRI)

Key Points

• Sirius XM Holdings Inc. experienced a significant rise in options trading, with 43,327 call options bought, marking an increase of 323% over the average volume.
• The company's stock price dropped 0.3% to $22.51, while institutional investors currently own 10.69% of the company.
• Sirius XM reported an EPS of $0.57 for the last quarter, missing analyst expectations, and set its FY 2025 guidance with a consensus forecast of 3.2 EPS for the current fiscal year.

Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) saw unusually large options trading on Thursday. Traders bought 43,327 call options on the company. This represents an increase of 323% compared to the average volume of 10,254 call options.

Institutional Trading of Sirius XM

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Unified Investment Management raised its position in shares of Sirius XM by 1.4% during the 2nd quarter. Unified Investment Management now owns 30,407 shares of the company's stock worth $698,000 after purchasing an additional 425 shares during the period. Applied Finance Capital Management LLC increased its position in shares of Sirius XM by 5.1% during the 1st quarter. Applied Finance Capital Management LLC now owns 9,779 shares of the company's stock valued at $220,000 after purchasing an additional 475 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Sirius XM by 36.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company's stock worth $41,000 after acquiring an additional 493 shares in the last quarter. True Wealth Design LLC boosted its stake in shares of Sirius XM by 47.8% during the 2nd quarter. True Wealth Design LLC now owns 1,616 shares of the company's stock worth $37,000 after acquiring an additional 523 shares in the last quarter. Finally, J.W. Cole Advisors Inc. boosted its position in shares of Sirius XM by 6.5% in the second quarter. J.W. Cole Advisors Inc. now owns 9,934 shares of the company's stock worth $228,000 after buying an additional 605 shares during the period. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Stock Down 0.3%

Shares of NASDAQ SIRI traded down $0.08 on Thursday, hitting $22.51. The company had a trading volume of 866,170 shares, compared to its average volume of 4,222,332. Sirius XM has a 12-month low of $18.69 and a 12-month high of $29.18. The business has a 50 day moving average of $22.81 and a two-hundred day moving average of $22.38. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $7.58 billion, a P/E ratio of -3.33, a PEG ratio of 0.35 and a beta of 0.93.

Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.79 by ($0.22). The business had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.13 billion. Sirius XM had a negative net margin of 26.41% and a positive return on equity of 3.73%. The company's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 EPS. Sirius XM has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Sirius XM will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Friday, August 8th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Friday, August 8th. Sirius XM's dividend payout ratio (DPR) is currently -16.00%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SIRI. Guggenheim restated a "buy" rating and issued a $29.00 price objective on shares of Sirius XM in a research report on Thursday, June 26th. Barrington Research restated an "outperform" rating and issued a $28.00 price objective on shares of Sirius XM in a research report on Friday, August 1st. Weiss Ratings restated a "sell (d)" rating on shares of Sirius XM in a research report on Saturday, September 27th. Zacks Research upgraded Sirius XM from a "strong sell" rating to a "hold" rating in a research report on Friday, August 15th. Finally, Rosenblatt Securities upped their target price on Sirius XM from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $26.70.

Sirius XM Company Profile

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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