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

Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) saw some unusual options trading activity on Thursday. Stock traders purchased 18,261 call options on the stock. This is an increase of 79% compared to the typical volume of 10,208 call options.

Insider Transactions at Sirius XM

In other Sirius XM news, Director Kristina Salen sold 1,651 shares of the business's stock in a transaction dated 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 directly owned 15,471 shares of the company's stock, valued at $344,539.17. The trade was a 9.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.79% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SIRI. Opal Wealth Advisors LLC acquired a new stake in shares of Sirius XM in the first quarter worth $25,000. Putney Financial Group LLC acquired a new stake in shares of Sirius XM in the fourth quarter worth $27,000. Deseret Mutual Benefit Administrators increased its stake in shares of Sirius XM by 79.3% in the first quarter. Deseret Mutual Benefit Administrators now owns 1,594 shares of the company's stock worth $36,000 after acquiring an additional 705 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Sirius XM by 36.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company's stock worth $41,000 after acquiring an additional 493 shares during the period. Finally, Itau Unibanco Holding S.A. increased its stake in shares of Sirius XM by 255.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company's stock worth $42,000 after acquiring an additional 1,321 shares during the period. Institutional investors and hedge funds own 10.69% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SIRI shares. Barrington Research reissued an "outperform" rating and issued a $28.00 price objective on shares of Sirius XM in a research report on Friday, May 2nd. Guggenheim reissued a "buy" rating and issued a $29.00 price objective on shares of Sirius XM in a research report on Thursday, June 26th. 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. Rosenblatt Securities lowered their price target on shares of Sirius XM from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Finally, Wells Fargo & Company upped their price target on shares of Sirius XM from $16.00 to $19.00 and gave the stock an "underweight" rating in a research report on Wednesday. Six equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $26.42.

Sirius XM Stock Up 1.8%

Shares of NASDAQ SIRI traded up $0.44 during trading hours on Friday, hitting $24.39. 2,624,869 shares of the stock were exchanged, compared to its average volume of 4,866,470. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. The company has a market cap of $8.24 billion, a PE ratio of -3.74, a PEG ratio of 0.34 and a beta of 0.92. The firm has a fifty day moving average price of $22.05 and a 200-day moving average price of $22.56. Sirius XM has a 12 month low of $18.69 and a 12 month high of $41.20.

Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.11). Sirius XM had a positive return on equity of 6.77% and a negative net margin of 25.00%. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the firm earned $0.07 EPS. The company's revenue was down 4.3% compared to the same quarter last year. On average, sell-side analysts expect that Sirius XM will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 4.43%. Sirius XM's payout ratio is -16.56%.

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.