Sirius XM Holdings Inc. (SIRI) EVP Sells $7,834,530.30 in Stock
Sirius XM Holdings Inc. (NASDAQ:SIRI) EVP Patrick L. Donnelly sold 1,374,479 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $5.70, for a total transaction of $7,834,530.30. Following the transaction, the executive vice president now owns 227,430 shares in the company, valued at approximately $1,296,351. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Sirius XM Holdings Inc. (SIRI) traded down $0.14 during mid-day trading on Thursday, hitting $5.60. The stock had a trading volume of 21,147,200 shares, compared to its average volume of 21,567,287. The stock has a market cap of $26,380.00, a P/E ratio of 31.89, a price-to-earnings-growth ratio of 1.84 and a beta of 1.12. The company has a current ratio of 0.19, a quick ratio of 0.18 and a debt-to-equity ratio of -6.41. Sirius XM Holdings Inc. has a fifty-two week low of $4.38 and a fifty-two week high of $5.89.
Sirius XM (NASDAQ:SIRI) last issued its earnings results on Wednesday, October 25th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. Sirius XM had a negative return on equity of 93.51% and a net margin of 16.71%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period last year, the company posted $0.04 EPS. The business’s quarterly revenue was up 8.0% on a year-over-year basis. analysts expect that Sirius XM Holdings Inc. will post 0.19 earnings per share for the current year.
Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Sirius XM by 1.2% during the second quarter. Vanguard Group Inc. now owns 78,433,991 shares of the company’s stock worth $429,035,000 after purchasing an additional 957,278 shares in the last quarter. FMR LLC grew its position in Sirius XM by 3.8% during the 2nd quarter. FMR LLC now owns 43,576,316 shares of the company’s stock worth $238,362,000 after purchasing an additional 1,614,259 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Sirius XM by 119.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 34,373,843 shares of the company’s stock worth $188,025,000 after purchasing an additional 18,694,885 shares in the last quarter. Eagle Asset Management Inc. grew its position in Sirius XM by 4.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 13,785,317 shares of the company’s stock worth $75,819,000 after purchasing an additional 526,766 shares in the last quarter. Finally, APG Asset Management N.V. grew its holdings in shares of Sirius XM by 23.8% during the 3rd quarter. APG Asset Management N.V. now owns 11,186,062 shares of the company’s stock valued at $61,747,000 after acquiring an additional 2,147,800 shares in the last quarter. Institutional investors own 19.65% of the company’s stock.
Several analysts have recently issued reports on the stock. B. Riley reiterated a “buy” rating on shares of Sirius XM in a research note on Wednesday, November 1st. BidaskClub upgraded shares of Sirius XM from a “sell” rating to a “hold” rating in a research report on Wednesday. KeyCorp reiterated a “hold” rating on shares of Sirius XM in a report on Friday, August 25th. Zacks Investment Research lowered Sirius XM from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $6.00 price target on shares of Sirius XM in a research report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $6.01.
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Sirius XM 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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