Sirius XM (NASDAQ:SIRI) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Sirius XM (NASDAQ:SIRI) in a report issued on Wednesday. The firm set a “sell” rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Barrington Research reissued an “outperform” rating and set a $40.00 target price on shares of Sirius XM in a report on Monday, November 4th. JPMorgan Chase & Co. lifted their target price on Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Thursday, November 7th. Pivotal Research dropped their target price on Sirius XM from $40.00 to $37.00 and set a “buy” rating for the company in a report on Friday, November 1st. Citigroup lifted their target price on Sirius XM from $2.80 to $21.00 and gave the stock a “sell” rating in a report on Thursday, September 26th. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $28.00 target price on shares of Sirius XM in a report on Monday, November 4th. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Sirius XM has an average rating of “Hold” and an average price target of $28.96.

Sirius XM Trading Up 2.0 %

Shares of Sirius XM stock opened at $27.03 on Wednesday. The business has a fifty day simple moving average of $25.68 and a two-hundred day simple moving average of $29.11. Sirius XM has a 1 year low of $22.18 and a 1 year high of $57.80. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of -4.26 and a beta of 1.04. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37.

Insider Buying and Selling at Sirius XM

In other news, major shareholder Berkshire Hathaway Inc purchased 175,569 shares of Sirius XM stock in a transaction dated Friday, October 18th. The shares were bought at an average cost of $27.43 per share, for a total transaction of $4,815,857.67. Following the completion of the acquisition, the insider now owns 110,276,790 shares in the company, valued at approximately $3,024,892,349.70. This trade represents a 0.16 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired a total of 2,646,761 shares of company stock worth $65,952,329 over the last 90 days. Insiders own 0.79% of the company’s stock.

Institutional Trading of Sirius XM

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Coston McIsaac & Partners lifted its stake in shares of Sirius XM by 113.5% in the third quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock worth $27,000 after acquiring an additional 624 shares during the period. Mather Group LLC. acquired a new position in Sirius XM in the second quarter valued at approximately $28,000. TCTC Holdings LLC acquired a new position in Sirius XM in the third quarter valued at approximately $29,000. Princeton Global Asset Management LLC lifted its stake in Sirius XM by 2,683.7% in the third quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock valued at $32,000 after buying an additional 1,315 shares during the period. Finally, Walker Asset Management LLC bought a new stake in shares of Sirius XM during the second quarter valued at approximately $33,000. 10.69% of the stock is currently owned by institutional investors.

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.