Sirius XM (NASDAQ:SIRI) Stock Price Up 0.3%

Sirius XM Holdings Inc. (NASDAQ:SIRI) was up 0.3% during mid-day trading on Friday . The company traded as high as $3.70 and last traded at $3.62. Approximately 6,949,736 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 25,477,189 shares. The stock had previously closed at $3.61.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Barrington Research reaffirmed an “outperform” rating and set a $4.75 target price on shares of Sirius XM in a report on Tuesday, May 28th. Guggenheim dropped their price objective on Sirius XM from $3.30 to $2.90 and set a “neutral” rating for the company in a report on Thursday, June 27th. StockNews.com assumed coverage on Sirius XM in a report on Wednesday. They set a “hold” rating on the stock. The Goldman Sachs Group upgraded shares of Sirius XM from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $3.50 to $3.25 in a research report on Wednesday, May 1st. Finally, Rosenblatt Securities dropped their price objective on shares of Sirius XM from $4.50 to $3.40 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $4.11.

Sirius XM Stock Up 2.2 %

The company has a market capitalization of $14.19 billion, a P/E ratio of 10.97, a price-to-earnings-growth ratio of 1.15 and a beta of 1.08. The business’s 50-day moving average is $2.92 and its two-hundred day moving average is $3.90.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. Sirius XM had a net margin of 14.38% and a negative return on equity of 47.17%. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the previous year, the company earned $0.06 earnings per share. Sirius XM’s revenue for the quarter was up .8% on a year-over-year basis. Analysts predict that Sirius XM Holdings Inc. will post 0.31 EPS for the current year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Friday, May 10th were given a dividend of $0.0266 per share. This represents a $0.11 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend was Thursday, May 9th. Sirius XM’s payout ratio is 33.33%.

Insider Buying and Selling at Sirius XM

In other Sirius XM news, Director Kristina Salen sold 12,518 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $2.60, for a total transaction of $32,546.80. Following the completion of the transaction, the director now owns 169,309 shares of the company’s stock, valued at $440,203.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.79% of the company’s stock.

Institutional Trading of Sirius XM

Institutional investors and hedge funds have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Sirius XM by 1.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 573,562 shares of the company’s stock valued at $3,120,000 after acquiring an additional 9,956 shares during the period. Van ECK Associates Corp bought a new stake in shares of Sirius XM during the 1st quarter valued at about $2,036,000. Morningstar Investment Services LLC purchased a new stake in shares of Sirius XM during the 4th quarter valued at about $85,000. Assetmark Inc. lifted its stake in shares of Sirius XM by 1,320.9% in the 4th quarter. Assetmark Inc. now owns 39,076 shares of the company’s stock worth $214,000 after purchasing an additional 36,326 shares during the period. Finally, Jump Financial LLC increased its holdings in Sirius XM by 25.2% during the fourth quarter. Jump Financial LLC now owns 42,385 shares of the company’s stock valued at $232,000 after buying an additional 8,541 shares during the last quarter. Institutional investors own 10.69% of the company’s stock.

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.