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.

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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.

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