Sirius XM Holdings Inc. (NASDAQ:SIRI) Director Joan Lordi Amble sold 73,961 shares of the firm’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $6.50, for a total value of $480,746.50. Following the transaction, the director now owns 101,174 shares in the company, valued at approximately $657,631. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Sirius XM Holdings Inc. (NASDAQ SIRI) traded up $0.08 on Friday, reaching $6.48. The company’s stock had a trading volume of 21,325,479 shares, compared to its average volume of 22,249,502. The firm has a market cap of $28,750.00, a P/E ratio of 46.29, a PEG ratio of 1.81 and a beta of 1.10. Sirius XM Holdings Inc. has a 52-week low of $4.73 and a 52-week high of $6.62. The company has a debt-to-equity ratio of -4.42, a current ratio of 0.17 and a quick ratio of 0.16.
Sirius XM (NASDAQ:SIRI) last announced its earnings results on Wednesday, January 31st. The company reported $0.05 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. Sirius XM had a negative return on equity of 79.79% and a net margin of 11.94%. equities research analysts forecast that Sirius XM Holdings Inc. will post 0.24 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 7th were paid a $0.011 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Tuesday, February 6th. Sirius XM’s dividend payout ratio is 28.57%.
Sirius XM declared that its Board of Directors has initiated a share repurchase plan on Tuesday, January 23rd that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Large investors have recently made changes to their positions in the company. Valmark Advisers Inc. lifted its stake in shares of Sirius XM by 102.3% in the 4th quarter. Valmark Advisers Inc. now owns 20,230 shares of the company’s stock valued at $108,000 after purchasing an additional 10,230 shares during the period. Kalos Management Inc. acquired a new position in shares of Sirius XM in the 3rd quarter valued at about $114,000. Cornerstone Financial Partners LLC acquired a new position in shares of Sirius XM in the 4th quarter valued at about $113,000. SeaCrest Wealth Management LLC acquired a new position in shares of Sirius XM in the 4th quarter valued at about $115,000. Finally, AE Wealth Management LLC lifted its stake in shares of Sirius XM by 72.7% in the 3rd quarter. AE Wealth Management LLC now owns 23,579 shares of the company’s stock valued at $130,000 after purchasing an additional 9,924 shares during the period. 20.04% of the stock is currently owned by institutional investors.
A number of research firms have commented on SIRI. Zacks Investment Research upgraded Sirius XM from a “hold” rating to a “buy” rating and set a $7.25 price objective on the stock in a research note on Friday. Goldman Sachs raised their price objective on Sirius XM from $5.00 to $5.50 and gave the stock a “buy” rating in a research note on Monday, February 5th. Morgan Stanley lifted their price target on Sirius XM from $5.35 to $5.50 and gave the company an “underweight” rating in a research note on Monday, February 5th. Buckingham Research lifted their price target on Sirius XM from $6.50 to $7.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Barclays lifted their price target on Sirius XM from $4.50 to $5.00 and gave the company an “equal weight” rating in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $6.18.
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About Sirius XM
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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