Sirius XM Holdings Inc (NASDAQ:SIRI) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 196,142,023 shares, a growth of 1.7% from the August 15th total of 192,889,327 shares. Currently, 14.9% of the company’s stock are sold short. Based on an average daily volume of 11,084,621 shares, the days-to-cover ratio is presently 17.7 days.
Sirius XM stock opened at $7.19 on Friday. The company has a debt-to-equity ratio of -4.70, a quick ratio of 0.16 and a current ratio of 0.16. Sirius XM has a 1 year low of $5.17 and a 1 year high of $7.70. The stock has a market capitalization of $32.25 billion, a PE ratio of 35.90, a price-to-earnings-growth ratio of 1.92 and a beta of 1.03.
Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Wednesday, July 25th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.06. Sirius XM had a net margin of 14.68% and a negative return on equity of 78.24%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the firm posted $0.04 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. research analysts expect that Sirius XM will post 0.25 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Friday, August 10th were given a $0.011 dividend. The ex-dividend date was Thursday, August 9th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.61%. Sirius XM’s payout ratio is currently 20.00%.
A number of research analysts have commented on SIRI shares. Pivotal Research increased their price objective on shares of Sirius XM from $7.05 to $7.75 and gave the company a “buy” rating in a research note on Tuesday, May 22nd. Barclays downgraded shares of Sirius XM from an “equal weight” rating to an “underweight” rating and set a $5.00 price objective on the stock. in a research note on Tuesday, June 26th. BidaskClub downgraded shares of Sirius XM from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 2nd. Goldman Sachs Group downgraded shares of Sirius XM from a “neutral” rating to a “sell” rating and set a $6.00 price objective on the stock. in a research note on Thursday, June 21st. Finally, Macquarie reiterated a “buy” rating and set a $7.75 price objective on shares of Sirius XM in a research note on Thursday, June 28th. Four analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $6.78.
In other Sirius XM news, EVP Stephen Cook sold 415,502 shares of the stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $7.20, for a total transaction of $2,991,614.40. Following the transaction, the executive vice president now directly owns 1,988,300 shares in the company, valued at approximately $14,315,760. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dara F. Altman sold 387,696 shares of the stock in a transaction on Tuesday, June 19th. The shares were sold at an average price of $7.49, for a total transaction of $2,903,843.04. Following the transaction, the executive vice president now owns 2,010,556 shares in the company, valued at $15,059,064.44. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of SIRI. Wells Fargo & Company MN lifted its position in shares of Sirius XM by 3.6% in the 1st quarter. Wells Fargo & Company MN now owns 3,097,915 shares of the company’s stock worth $19,332,000 after buying an additional 108,728 shares during the last quarter. Aperio Group LLC increased its holdings in shares of Sirius XM by 3.9% in the 1st quarter. Aperio Group LLC now owns 511,784 shares of the company’s stock worth $3,194,000 after acquiring an additional 19,008 shares during the period. Neuberger Berman Group LLC increased its holdings in shares of Sirius XM by 162.8% in the 1st quarter. Neuberger Berman Group LLC now owns 839,643 shares of the company’s stock worth $5,239,000 after acquiring an additional 520,183 shares during the period. US Bancorp DE increased its holdings in shares of Sirius XM by 58.5% in the 1st quarter. US Bancorp DE now owns 149,725 shares of the company’s stock worth $934,000 after acquiring an additional 55,289 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Sirius XM by 413.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 46,647 shares of the company’s stock worth $297,000 after acquiring an additional 37,565 shares during the period. Institutional investors own 18.51% of the company’s stock.
About Sirius XM
Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, including various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.
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