Sirius XM Holdings Inc (NASDAQ:SIRI) CEO James E. Meyer sold 1,523,395 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $6.81, for a total value of $10,374,319.95. Following the completion of the sale, the chief executive officer now directly owns 10,404,922 shares of the company’s stock, valued at $70,857,518.82. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
SIRI stock traded down $0.04 during midday trading on Tuesday, hitting $6.92. 91,901 shares of the stock were exchanged, compared to its average volume of 18,016,300. The stock’s 50-day moving average price is $6.45 and its 200-day moving average price is $6.03. The stock has a market cap of $30.30 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 2.65 and a beta of 1.03. Sirius XM Holdings Inc has a fifty-two week low of $5.23 and a fifty-two week high of $6.99. The company has a debt-to-equity ratio of 46.63, a quick ratio of 0.28 and a current ratio of 0.29.
Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.98 billion. Sirius XM had a negative return on equity of 129.67% and a net margin of 12.76%. The business’s revenue for the quarter was up 37.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 earnings per share. Research analysts anticipate that Sirius XM Holdings Inc will post 0.21 EPS for the current year.
Several analysts have recently commented on the company. Zacks Investment Research raised Sirius XM from a “sell” rating to a “hold” rating and set a $7.25 price target for the company in a report on Monday, November 4th. ValuEngine raised Sirius XM from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Benchmark assumed coverage on Sirius XM in a report on Wednesday, October 9th. They issued a “hold” rating and a $8.00 price target for the company. Barrington Research reissued a “buy” rating and issued a $8.00 price target on shares of Sirius XM in a report on Thursday, October 31st. Finally, Pivotal Research reissued a “buy” rating and issued a $7.70 price target on shares of Sirius XM in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. Sirius XM has a consensus rating of “Buy” and an average price target of $7.45.
A number of hedge funds have recently modified their holdings of SIRI. FMR LLC boosted its position in shares of Sirius XM by 112.4% in the first quarter. FMR LLC now owns 710,989 shares of the company’s stock worth $4,031,000 after buying an additional 376,287 shares during the period. WINTON GROUP Ltd lifted its holdings in shares of Sirius XM by 1,803.9% in the second quarter. WINTON GROUP Ltd now owns 1,054,712 shares of the company’s stock valued at $5,885,000 after purchasing an additional 999,316 shares in the last quarter. Centric Wealth Management purchased a new stake in shares of Sirius XM in the second quarter valued at $84,000. Xact Kapitalforvaltning AB lifted its holdings in shares of Sirius XM by 30.3% in the second quarter. Xact Kapitalforvaltning AB now owns 323,161 shares of the company’s stock valued at $1,803,000 after purchasing an additional 75,189 shares in the last quarter. Finally, Planning Directions Inc. purchased a new stake in shares of Sirius XM in the second quarter valued at $80,000. 18.97% of the stock is owned by hedge funds and other institutional investors.
About Sirius XM
Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres ranging from rock, pop and hip-hop, 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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