Investors Buy High Volume of Put Options on Sirius XM Holdings (SIRI)
Sirius XM Holdings Inc. (NASDAQ:SIRI) was the recipient of some unusual options trading activity on Monday. Stock traders bought 38,151 put options on the company. This represents an increase of 1,646% compared to the average daily volume of 2,185 put options.
A number of research firms have recently commented on SIRI. Vetr upgraded shares of Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.06 price target for the company in a research report on Monday. Zacks Investment Research upgraded shares of Sirius XM Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub upgraded shares of Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 1st. Finally, Bank of America Corporation restated a “buy” rating and set a $5.50 price target on shares of Sirius XM Holdings in a research report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $5.25.
Sirius XM Holdings (SIRI) opened at 5.39 on Thursday. The company has a 50-day moving average of $5.34 and a 200 day moving average of $5.08. The stock has a market capitalization of $25.14 billion, a price-to-earnings ratio of 33.69 and a beta of 1.11. Sirius XM Holdings has a 12 month low of $4.05 and a 12 month high of $5.53.
Sirius XM Holdings (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, April 27th. The company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. Sirius XM Holdings had a net margin of 15.24% and a negative return on equity of 104.00%. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business posted $0.03 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities research analysts anticipate that Sirius XM Holdings will post $0.18 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.74%. Sirius XM Holdings’s payout ratio is 26.67%.
Large investors have recently bought and sold shares of the stock. Concorde Asset Management LLC acquired a new stake in Sirius XM Holdings during the first quarter valued at approximately $128,000. State of Alaska Department of Revenue acquired a new stake in Sirius XM Holdings during the first quarter valued at approximately $544,000. Nisa Investment Advisors LLC raised its stake in Sirius XM Holdings by 18.1% in the first quarter. Nisa Investment Advisors LLC now owns 232,026 shares of the company’s stock valued at $1,195,000 after buying an additional 35,572 shares in the last quarter. DnB Asset Management AS raised its stake in Sirius XM Holdings by 10.1% in the first quarter. DnB Asset Management AS now owns 198,715 shares of the company’s stock valued at $1,023,000 after buying an additional 18,300 shares in the last quarter. Finally, Atria Investments LLC raised its stake in Sirius XM Holdings by 26.0% in the first quarter. Atria Investments LLC now owns 66,208 shares of the company’s stock valued at $341,000 after buying an additional 13,666 shares in the last quarter. Institutional investors and hedge funds own 22.15% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Investors Buy High Volume of Put Options on Sirius XM Holdings (SIRI)” was originally reported by American Banking News and is owned by of American Banking News. If you are reading this report on another domain, it was stolen and republished in violation of U.S. and international copyright & trademark law. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/07/27/investors-buy-high-volume-of-put-options-on-sirius-xm-holdings-siri.html.
Sirius XM Holdings Company Profile
Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.
Receive News & Ratings for Sirius XM Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sirius XM Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.