Sirius XM Holdings Inc. (NASDAQ:SIRI) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 228,796,159 shares, a growth of 5.8% from the November 15th total of 216,219,993 shares. Approximately 16.1% of the shares of the stock are short sold. Based on an average trading volume of 14,185,169 shares, the short-interest ratio is presently 16.1 days.
In other news, EVP Patrick L. Donnelly sold 1,374,479 shares of Sirius XM stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $5.70, for a total transaction of $7,834,530.30. Following the completion of the sale, the executive vice president now directly owns 227,430 shares of the company’s stock, valued at approximately $1,296,351. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.06% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Scotia Capital Inc. lifted its stake in Sirius XM by 0.8% in the second quarter. Scotia Capital Inc. now owns 25,494 shares of the company’s stock worth $139,000 after purchasing an additional 206 shares during the last quarter. Pitcairn Co. lifted its stake in Sirius XM by 1.3% in the second quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock worth $102,000 after purchasing an additional 237 shares during the last quarter. GM Advisory Group Inc. lifted its stake in Sirius XM by 0.9% in the second quarter. GM Advisory Group Inc. now owns 33,185 shares of the company’s stock worth $182,000 after purchasing an additional 290 shares during the last quarter. Wetherby Asset Management Inc. raised its stake in shares of Sirius XM by 1.6% during the second quarter. Wetherby Asset Management Inc. now owns 44,989 shares of the company’s stock valued at $246,000 after acquiring an additional 708 shares during the last quarter. Finally, Toronto Dominion Bank raised its stake in shares of Sirius XM by 9.7% during the second quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock valued at $111,000 after acquiring an additional 1,799 shares during the last quarter. 19.65% of the stock is owned by institutional investors and hedge funds.
Shares of Sirius XM (NASDAQ SIRI) opened at $5.69 on Wednesday. The company has a debt-to-equity ratio of -6.41, a current ratio of 0.19 and a quick ratio of 0.18. The firm has a market cap of $25,920.42, a price-to-earnings ratio of 31.33, a price-to-earnings-growth ratio of 1.80 and a beta of 1.12. Sirius XM has a one year low of $4.40 and a one year high of $5.89.
Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. Sirius XM had a net margin of 16.71% and a negative return on equity of 93.51%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.04 earnings per share. equities analysts anticipate that Sirius XM will post 0.19 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th were paid a $0.011 dividend. The ex-dividend date was Wednesday, November 8th. This is an increase from Sirius XM’s previous quarterly dividend of $0.01. This represents a $0.04 annualized dividend and a yield of 0.77%. Sirius XM’s payout ratio is currently 22.22%.
SIRI has been the subject of a number of research analyst reports. B. Riley reaffirmed a “buy” rating on shares of Sirius XM in a report on Wednesday, November 1st. Bank of America set a $7.00 price objective on shares of Sirius XM and gave the stock a “buy” rating in a report on Thursday, October 12th. Piper Jaffray Companies set a $7.00 price objective on shares of Sirius XM and gave the stock a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research raised shares of Sirius XM from a “sell” rating to a “buy” rating and set a $6.25 price objective for the company in a report on Friday, October 27th. Finally, Gabelli lifted their price objective on shares of Sirius XM from $4.75 to $6.10 and gave the stock a “buy” rating in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $6.01.
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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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