Sirius XM (NASDAQ:SIRI) Hits New 1-Year Low at $3.13

Sirius XM Holdings Inc. (NASDAQ:SIRI) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $3.13 and last traded at $3.14, with a volume of 1047986 shares traded. The stock had previously closed at $3.18.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SIRI. StockNews.com began coverage on Sirius XM in a research report on Saturday, April 13th. They issued a “hold” rating for the company. Wells Fargo & Company lowered their price objective on Sirius XM from $4.50 to $3.00 and set an “underweight” rating for the company in a research report on Monday, April 1st. Guggenheim began coverage on Sirius XM in a research report on Thursday, March 14th. They issued a “neutral” rating and a $4.00 price objective for the company. Citigroup lifted their price objective on Sirius XM from $3.60 to $4.10 and gave the stock a “sell” rating in a research report on Friday, January 12th. Finally, Benchmark lowered their price objective on Sirius XM from $7.00 to $6.50 and set a “buy” rating for the company in a research report on Wednesday, March 27th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Sirius XM has a consensus rating of “Hold” and an average target price of $4.74.

Sirius XM Trading Down 1.6 %

The firm has a market capitalization of $11.92 billion, a P/E ratio of 9.69, a price-to-earnings-growth ratio of 1.08 and a beta of 1.04. The business has a 50-day moving average of $4.10 and a 200 day moving average of $4.66.

Sirius XM (NASDAQ:SIRI) last issued its earnings results on Thursday, February 1st. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Sirius XM had a negative return on equity of 42.54% and a net margin of 14.05%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.30 billion. As a group, research analysts forecast that Sirius XM Holdings Inc. will post 0.29 EPS for the current year.

Sirius XM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were paid a dividend of $0.0266 per share. The ex-dividend date was Thursday, February 8th. This represents a $0.11 dividend on an annualized basis and a yield of 3.43%. Sirius XM’s dividend payout ratio (DPR) is currently 34.38%.

Insider Buying and Selling at Sirius XM

In other Sirius XM news, insider Joseph A. Inzerillo sold 107,611 shares of Sirius XM stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $4.90, for a total transaction of $527,293.90. Following the completion of the transaction, the insider now owns 746,816 shares in the company, valued at approximately $3,659,398.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Sirius XM news, insider Joseph A. Inzerillo sold 107,611 shares of Sirius XM stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $4.90, for a total transaction of $527,293.90. Following the completion of the transaction, the insider now owns 746,816 shares in the company, valued at approximately $3,659,398.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James E. Meyer sold 800,000 shares of Sirius XM stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $4.92, for a total value of $3,936,000.00. Following the transaction, the director now owns 1,091,472 shares of the company’s stock, valued at approximately $5,370,042.24. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On Sirius XM

Institutional investors have recently modified their holdings of the business. Truvestments Capital LLC bought a new position in shares of Sirius XM in the third quarter valued at approximately $27,000. BKM Wealth Management LLC bought a new position in shares of Sirius XM in the fourth quarter valued at approximately $27,000. First PREMIER Bank bought a new position in shares of Sirius XM in the first quarter valued at approximately $31,000. Comerica Bank bought a new position in shares of Sirius XM in the third quarter valued at approximately $35,000. Finally, First United Bank & Trust bought a new position in shares of Sirius XM in the fourth quarter valued at approximately $37,000. 10.69% of the stock is owned by institutional investors.

About Sirius XM

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company's Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.