Sirius XM Holdings Inc. (NASDAQ:SIRI) CEO James E. Meyer sold 172,704 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $5.68, for a total value of $980,958.72. Following the completion of the transaction, the chief executive officer now owns 3,377,085 shares in the company, valued at $19,181,842.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Sirius XM Holdings Inc. (SIRI) remained flat at $$5.69 during trading on Wednesday. 13,297,452 shares of the stock traded hands, compared to its average volume of 21,441,029. Sirius XM Holdings Inc. has a 1-year low of $4.40 and a 1-year high of $5.89. The firm has a market capitalization of $25,920.42, a PE ratio of 31.33, a P/E/G ratio of 1.80 and a beta of 1.12. The company has a debt-to-equity ratio of -6.41, a current ratio of 0.19 and a quick ratio of 0.18.
Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $1.37 billion. During the same period in the previous year, the business earned $0.04 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. research analysts anticipate that Sirius XM Holdings Inc. will post 0.19 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. increased its holdings in shares of Sirius XM by 21.3% in the second quarter. Victory Capital Management Inc. now owns 361,743 shares of the company’s stock worth $1,979,000 after purchasing an additional 63,445 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Sirius XM by 17.2% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 533,483 shares of the company’s stock worth $2,918,000 after purchasing an additional 78,260 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Sirius XM by 1.5% in the second quarter. Legal & General Group Plc now owns 7,628,218 shares of the company’s stock worth $41,726,000 after purchasing an additional 111,962 shares during the last quarter. Engineers Gate Manager LP increased its holdings in shares of Sirius XM by 603.6% in the second quarter. Engineers Gate Manager LP now owns 97,890 shares of the company’s stock worth $535,000 after purchasing an additional 83,978 shares during the last quarter. Finally, Swiss National Bank increased its holdings in shares of Sirius XM by 0.5% in the third quarter. Swiss National Bank now owns 6,046,258 shares of the company’s stock worth $33,375,000 after purchasing an additional 27,200 shares during the last quarter. Institutional investors and hedge funds own 19.65% of the company’s stock.
A number of research firms have recently issued reports on SIRI. Gabelli raised their price target on Sirius XM from $4.75 to $6.10 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded Sirius XM from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a research note on Thursday, November 2nd. Royal Bank of Canada began coverage on Sirius XM in a research note on Friday, September 15th. They issued a “sector perform” rating and a $6.00 price target on the stock. Piper Jaffray Companies set a $7.00 price target on Sirius XM and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Finally, KeyCorp restated a “hold” rating on shares of Sirius XM in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price 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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