Sirius XM Holdings Inc. (NASDAQ:SIRI) saw some unusual options trading activity on Tuesday. Stock investors acquired 10,693 put options on the company. This is an increase of 473% compared to the typical volume of 1,866 put options.

A number of research firms have commented on SIRI. Vetr raised shares of Sirius XM Holdings from a “sell” rating to a “hold” rating and set a $5.18 price objective for the company in a research note on Tuesday, June 6th. Zacks Investment Research lowered shares of Sirius XM Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Macquarie reaffirmed a “buy” rating and set a $6.00 price objective (up from $5.65) on shares of Sirius XM Holdings in a research note on Thursday, July 27th. Bank of America Corporation reaffirmed a “buy” rating and set a $5.50 price objective on shares of Sirius XM Holdings in a research note on Friday, June 16th. Finally, Pivotal Research reaffirmed a “buy” rating and set a $6.25 price objective on shares of Sirius XM Holdings in a research note on Sunday, July 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $5.73.

Sirius XM Holdings (NASDAQ SIRI) opened at 5.55 on Friday. Sirius XM Holdings has a one year low of $4.05 and a one year high of $5.89. The firm has a market cap of $25.60 billion, a P/E ratio of 32.65 and a beta of 1.08. The stock has a 50 day moving average price of $5.60 and a 200-day moving average price of $5.27.

Sirius XM Holdings (NASDAQ:SIRI) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.04 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the business posted $0.04 EPS. Sirius XM Holdings’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts predict that Sirius XM Holdings will post $0.18 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Tuesday, August 8th. Sirius XM Holdings’s dividend payout ratio (DPR) is presently 25.00%.

Several large investors have recently added to or reduced their stakes in SIRI. Nisa Investment Advisors LLC lifted its holdings in shares of Sirius XM Holdings by 18.1% during the 1st quarter. Nisa Investment Advisors LLC now owns 232,026 shares of the company’s stock valued at $1,195,000 after purchasing an additional 35,572 shares in the last quarter. First Manhattan Co. lifted its holdings in shares of Sirius XM Holdings by 14.4% during the 1st quarter. First Manhattan Co. now owns 43,744 shares of the company’s stock valued at $182,000 after purchasing an additional 5,500 shares in the last quarter. Korea Investment CORP bought a new position in shares of Sirius XM Holdings during the 1st quarter valued at about $1,711,000. Janney Montgomery Scott LLC lifted its holdings in shares of Sirius XM Holdings by 3.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 71,552 shares of the company’s stock valued at $368,000 after purchasing an additional 2,664 shares in the last quarter. Finally, Shell Asset Management Co. lifted its holdings in shares of Sirius XM Holdings by 2.4% during the 1st quarter. Shell Asset Management Co. now owns 145,437 shares of the company’s stock valued at $749,000 after purchasing an additional 3,375 shares in the last quarter. Institutional investors and hedge funds own 20.42% 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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