Sirius XM Holdings (NASDAQ:SIRI) Director Joan Lordi Amble sold 49,352 shares of Sirius XM stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $6.95, for a total value of $342,996.40. Following the completion of the transaction, the director now owns 76,174 shares of the company’s stock, valued at $529,409.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Joan Lordi Amble also recently made the following trade(s):
- On Wednesday, March 7th, Joan Lordi Amble sold 73,961 shares of Sirius XM stock. The shares were sold at an average price of $6.50, for a total value of $480,746.50.
SIRI opened at $6.97 on Friday. The company has a debt-to-equity ratio of -4.35, a quick ratio of 0.17 and a current ratio of 0.18. Sirius XM Holdings has a one year low of $4.83 and a one year high of $7.01. The stock has a market cap of $31.31 billion, a PE ratio of 33.19, a PEG ratio of 1.93 and a beta of 1.10.
Sirius XM (NASDAQ:SIRI) last posted its earnings results on Wednesday, April 25th. The company reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01. Sirius XM had a negative return on equity of 76.24% and a net margin of 13.26%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the previous year, the firm earned $0.04 earnings per share. The business’s revenue was up 6.3% compared to the same quarter last year. equities research analysts anticipate that Sirius XM Holdings will post 0.24 EPS for the current year.
Sirius XM announced that its board has approved a share buyback program on Tuesday, January 23rd that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 31st. Stockholders of record on Thursday, May 10th will be given a dividend of $0.011 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Wednesday, May 9th. Sirius XM’s dividend payout ratio (DPR) is currently 20.00%.
A number of analysts have issued reports on SIRI shares. Buckingham Research reaffirmed a “neutral” rating and set a $7.00 price target on shares of Sirius XM in a report on Monday, May 7th. Zacks Investment Research raised Sirius XM from a “hold” rating to a “buy” rating and set a $7.25 price target for the company in a report on Friday, March 16th. Citigroup downgraded Sirius XM from a “buy” rating to a “neutral” rating and set a $6.65 price target for the company. in a report on Thursday, March 22nd. BidaskClub raised Sirius XM from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 24th. Finally, Macquarie reaffirmed a “buy” rating and set a $7.00 price target on shares of Sirius XM in a report on Sunday, April 29th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $6.27.
Institutional investors and hedge funds have recently bought and sold shares of the company. Barings LLC increased its position in shares of Sirius XM by 182.6% during the fourth quarter. Barings LLC now owns 421,700 shares of the company’s stock worth $2,260,000 after purchasing an additional 272,500 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Sirius XM by 268.9% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 697,797 shares of the company’s stock worth $3,740,000 after purchasing an additional 508,632 shares in the last quarter. Toronto Dominion Bank increased its position in Sirius XM by 38.0% in the 4th quarter. Toronto Dominion Bank now owns 95,155 shares of the company’s stock valued at $510,000 after acquiring an additional 26,198 shares during the period. CIBC World Markets Inc. increased its position in Sirius XM by 107.5% in the 4th quarter. CIBC World Markets Inc. now owns 44,994 shares of the company’s stock valued at $241,000 after acquiring an additional 23,305 shares during the period. Finally, American International Group Inc. increased its position in Sirius XM by 12.8% in the 4th quarter. American International Group Inc. now owns 293,945 shares of the company’s stock valued at $1,576,000 after acquiring an additional 33,348 shares during the period. Institutional investors and hedge funds own 19.39% of the company’s stock.
About Sirius XM
Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, including various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.
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