Media stories about Sirius XM (NASDAQ:SIRI) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sirius XM earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.1572111501393 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- 5 Stocks Under $5 To Watch In 2018 (finance.yahoo.com)
- UPDATE 2-Largest U.S. radio company iHeartMedia files for bankruptcy (cnbc.com)
- Diplo to Produce His Own Exclusive SiriusXM Channel – PR Newswire (press release) (prnewswire.com)
- Form 4 SIRIUS XM HOLDINGS INC. For: Mar 09 Filed by: WITTMAN VANESSA AMES – StreetInsider.com (streetinsider.com)
Shares of Sirius XM (NASDAQ SIRI) traded down $0.08 during trading on Thursday, reaching $6.40. 12,329,141 shares of the company’s stock traded hands, compared to its average volume of 20,860,000. The company has a debt-to-equity ratio of -4.42, a current ratio of 0.17 and a quick ratio of 0.16. The stock has a market capitalization of $29,110.00, a PE ratio of 45.71, a PEG ratio of 1.82 and a beta of 1.10. Sirius XM has a twelve month low of $4.73 and a twelve month high of $6.62.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 7th were paid a $0.011 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.69%. Sirius XM’s dividend payout ratio is presently 28.57%.
Sirius XM announced that its Board of Directors has approved a share repurchase program on Tuesday, January 23rd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
A number of research analysts recently issued reports on SIRI shares. BidaskClub raised shares of Sirius XM from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. JPMorgan Chase & Co. cut shares of Sirius XM from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $5.36 to $5.00 in a research report on Tuesday, January 2nd. Barrington Research cut shares of Sirius XM from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 2nd. Zacks Investment Research cut shares of Sirius XM from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Finally, Royal Bank of Canada set a $6.00 price target on shares of Sirius XM and gave the company a “hold” rating in a research report on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Sirius XM has a consensus rating of “Buy” and an average price target of $6.12.
In other news, VP Thomas D. Barry sold 175,777 shares of Sirius XM stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $6.11, for a total value of $1,073,997.47. Following the completion of the sale, the vice president now directly owns 551,815 shares in the company, valued at $3,371,589.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joan Lordi Amble sold 73,961 shares of Sirius XM stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $6.50, for a total transaction of $480,746.50. Following the completion of the sale, the director now owns 101,174 shares of the company’s stock, valued at $657,631. The disclosure for this sale can be found here. Insiders sold 1,113,308 shares of company stock valued at $6,822,521 over the last quarter. Company insiders own 1.06% of the company’s stock.
Sirius XM Company Profile
Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.
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