Sirius XM Holdings Inc (NASDAQ:SIRI) Director David Zaslav sold 77,747 shares of Sirius XM stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $6.78, for a total value of $527,124.66. Following the sale, the director now directly owns 145,246 shares in the company, valued at $984,767.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
SIRI stock traded down $0.01 during midday trading on Friday, reaching $6.80. The company had a trading volume of 124,141 shares, compared to its average volume of 17,530,214. The company has a quick ratio of 0.28, a current ratio of 0.29 and a debt-to-equity ratio of 46.63. The stock has a 50 day moving average price of $6.42 and a 200 day moving average price of $6.02. Sirius XM Holdings Inc has a fifty-two week low of $5.23 and a fifty-two week high of $6.88. The firm has a market capitalization of $30.21 billion, a PE ratio of 26.08, a P/E/G ratio of 2.65 and a beta of 1.03.
Sirius XM (NASDAQ:SIRI) last issued its earnings results on Thursday, October 31st. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). Sirius XM had a net margin of 12.76% and a negative return on equity of 129.67%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The business’s revenue was up 37.1% on a year-over-year basis. Research analysts predict that Sirius XM Holdings Inc will post 0.21 EPS for the current year.
Hedge funds have recently modified their holdings of the business. Invesco Ltd. raised its holdings in Sirius XM by 20.2% during the second quarter. Invesco Ltd. now owns 48,900,561 shares of the company’s stock worth $272,864,000 after purchasing an additional 8,221,787 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in shares of Sirius XM during the 2nd quarter valued at $39,980,000. Jane Street Group LLC grew its holdings in shares of Sirius XM by 1,408.7% during the 2nd quarter. Jane Street Group LLC now owns 3,364,180 shares of the company’s stock valued at $18,772,000 after acquiring an additional 3,141,193 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Sirius XM by 12.4% during the 2nd quarter. California Public Employees Retirement System now owns 11,976,029 shares of the company’s stock valued at $66,826,000 after acquiring an additional 1,317,584 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp grew its holdings in shares of Sirius XM by 368.2% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 1,654,200 shares of the company’s stock valued at $9,356,000 after acquiring an additional 1,300,900 shares in the last quarter. Institutional investors own 18.83% of the company’s stock.
SIRI has been the topic of a number of analyst reports. Zacks Investment Research raised Sirius XM from a “sell” rating to a “hold” rating and set a $7.25 target price on the stock in a research report on Monday. Morgan Stanley set a $7.50 price target on Sirius XM and gave the stock a “hold” rating in a research note on Friday, November 1st. ValuEngine upgraded Sirius XM from a “hold” rating to a “buy” rating in a research note on Wednesday. Wells Fargo & Co initiated coverage on Sirius XM in a research note on Monday, September 23rd. They issued an “outperform” rating and a $8.00 price target for the company. Finally, BidaskClub upgraded Sirius XM from a “hold” rating to a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. Sirius XM currently has a consensus rating of “Buy” and a consensus price target of $7.45.
Sirius XM Company Profile
Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres ranging from rock, pop and hip-hop, 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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