Stock Traders Buy High Volume of Call Options on Sirius XM (NASDAQ:SIRI)

Sirius XM Holdings Inc. (NASDAQ:SIRI) saw unusually large options trading on Thursday. Traders acquired 64,012 call options on the stock. This represents an increase of approximately 205% compared to the average volume of 20,956 call options.

Sirius XM Trading Up 0.5 %

Shares of Sirius XM stock opened at $25.91 on Friday. The firm has a market cap of $8.78 billion, a price-to-earnings ratio of -4.04, a PEG ratio of 1.25 and a beta of 1.06. The business has a 50-day moving average price of $23.51 and a 200-day moving average price of $26.53. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. Sirius XM has a twelve month low of $20.47 and a twelve month high of $51.60.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.20. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. Equities research analysts anticipate that Sirius XM will post 2.98 EPS for the current fiscal year.

Sirius XM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.08 annualized dividend and a yield of 4.17%. Sirius XM’s dividend payout ratio is currently -16.85%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. The Goldman Sachs Group cut their price target on Sirius XM from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. StockNews.com assumed coverage on Sirius XM in a research note on Wednesday, November 13th. They set a “sell” rating on the stock. Guggenheim cut their target price on Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Bank of America reiterated an “underperform” rating and set a $23.00 target price on shares of Sirius XM in a research note on Thursday, October 24th. Finally, Pivotal Research cut their target price on Sirius XM from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $26.96.

Institutional Trading of Sirius XM

Institutional investors have recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA bought a new stake in shares of Sirius XM during the fourth quarter valued at approximately $26,000. Coston McIsaac & Partners raised its stake in shares of Sirius XM by 113.5% during the third quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock valued at $27,000 after acquiring an additional 624 shares in the last quarter. TCTC Holdings LLC bought a new stake in shares of Sirius XM during the third quarter valued at approximately $29,000. First Command Advisory Services Inc. bought a new stake in shares of Sirius XM during the fourth quarter valued at approximately $30,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Sirius XM by 574.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after acquiring an additional 1,144 shares in the last quarter. Institutional investors own 10.69% of the company’s stock.

About Sirius XM

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.