Sirius XM (NASDAQ:SIRI) Stock Price Up 0.4%

Sirius XM Holdings Inc. (NASDAQ:SIRI) shares traded up 0.4% on Thursday . The company traded as high as $2.72 and last traded at $2.71. 5,185,623 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 22,464,301 shares. The stock had previously closed at $2.70.

Analyst Ratings Changes

SIRI has been the subject of a number of research reports. StockNews.com began coverage on shares of Sirius XM in a research note on Monday. They issued a “hold” rating for the company. Seaport Res Ptn raised Sirius XM from a “neutral” rating to a “buy” rating in a report on Monday, April 29th. Rosenblatt Securities cut their target price on Sirius XM from $4.50 to $3.40 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Citigroup raised shares of Sirius XM from a “sell” rating to a “neutral” rating and decreased their price target for the stock from $4.10 to $3.30 in a research note on Wednesday, April 24th. Finally, Guggenheim cut their price objective on shares of Sirius XM from $3.30 to $2.90 and set a “neutral” rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $4.11.

Sirius XM Stock Up 0.7 %

The company has a market capitalization of $10.46 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 0.87 and a beta of 1.08. The stock’s fifty day moving average price is $2.89 and its two-hundred day moving average price is $4.06.

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

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Friday, May 10th were issued a $0.0266 dividend. The ex-dividend date was Thursday, May 9th. This represents a $0.11 annualized dividend and a yield of 3.91%. Sirius XM’s dividend payout ratio (DPR) is presently 30.30%.

Insider Activity

In related news, Director Kristina Salen sold 12,518 shares of the stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $2.62, for a total value of $32,797.16. Following the completion of the transaction, the director now directly owns 181,827 shares of the company’s stock, valued at $476,386.74. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SIRI. Janney Montgomery Scott LLC lifted its position in Sirius XM by 11.4% during the third quarter. Janney Montgomery Scott LLC now owns 64,603 shares of the company’s stock valued at $292,000 after buying an additional 6,628 shares during the period. Invesco Ltd. boosted its stake in Sirius XM by 24.1% during the third quarter. Invesco Ltd. now owns 8,671,095 shares of the company’s stock worth $39,193,000 after acquiring an additional 1,685,696 shares in the last quarter. Northern Trust Corp grew its holdings in Sirius XM by 18.7% in the third quarter. Northern Trust Corp now owns 11,256,094 shares of the company’s stock worth $50,878,000 after purchasing an additional 1,776,700 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of Sirius XM by 16.7% during the third quarter. O Shaughnessy Asset Management LLC now owns 24,392 shares of the company’s stock valued at $110,000 after purchasing an additional 3,495 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of Sirius XM by 5.4% during the third quarter. Treasurer of the State of North Carolina now owns 296,758 shares of the company’s stock valued at $1,341,000 after purchasing an additional 15,256 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.