Sirius XM (NASDAQ:SIRI) Trading 0.3% Higher

Sirius XM Holdings Inc. (NASDAQ:SIRI)’s share price traded up 0.3% during mid-day trading on Friday . The stock traded as high as $3.70 and last traded at $3.62. 6,949,736 shares changed hands during trading, a decline of 73% from the average session volume of 25,477,189 shares. The stock had previously closed at $3.61.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Pivotal Research upgraded Sirius XM from a “hold” rating to a “buy” rating and cut their price objective for the stock from $5.05 to $4.90 in a research report on Wednesday, April 24th. Barrington Research restated an “outperform” rating and set a $4.75 price objective on shares of Sirius XM in a research report on Tuesday, May 28th. Benchmark cut their price objective on Sirius XM from $7.00 to $6.50 and set a “buy” rating for the company in a research report on Wednesday, March 27th. Seaport Res Ptn upgraded Sirius XM from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th. Finally, StockNews.com assumed coverage on Sirius XM in a research report on Wednesday. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $4.11.

Sirius XM Stock Performance

The firm has a market capitalization of $14.27 billion, a price-to-earnings ratio of 11.24, a P/E/G ratio of 1.18 and a beta of 1.08. The business has a fifty day moving average price of $2.93 and a 200 day moving average price of $3.87.

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

Sirius XM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Investors 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 2.87%. Sirius XM’s dividend payout ratio is currently 33.33%.

Insider Activity at Sirius XM

In related news, Director Kristina Salen sold 12,518 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $2.60, for a total value of $32,546.80. Following the completion of the sale, the director now directly owns 169,309 shares in the company, valued at approximately $440,203.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.79% of the stock is owned by insiders.

Institutional Trading of Sirius XM

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Sirius XM by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 54,682,133 shares of the company’s stock valued at $299,111,000 after buying an additional 363,551 shares during the last quarter. Berkshire Hathaway Inc boosted its position in Sirius XM by 315.6% in the 4th quarter. Berkshire Hathaway Inc now owns 40,243,058 shares of the company’s stock valued at $220,130,000 after buying an additional 30,559,834 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Sirius XM by 4.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,957,960 shares of the company’s stock valued at $27,120,000 after buying an additional 218,211 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Sirius XM by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,782,618 shares of the company’s stock valued at $20,693,000 after buying an additional 143,185 shares during the last quarter. Finally, ProShare Advisors LLC boosted its position in Sirius XM by 25.8% in the 1st quarter. ProShare Advisors LLC now owns 3,747,881 shares of the company’s stock valued at $14,542,000 after buying an additional 768,570 shares during the last quarter. 10.69% of the stock is currently owned by institutional investors and hedge funds.

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.