Several other equities analysts have also recently weighed in on the company. Credit Suisse Group raised Sirius XM from a neutral rating to an outperform rating and set a $7.00 price objective for the company in a research report on Monday, June 10th. Pivotal Research reissued a buy rating and set a $7.00 price objective on shares of Sirius XM in a research report on Tuesday. Zacks Investment Research cut Sirius XM from a buy rating to a hold rating in a research report on Monday, May 6th. Barrington Research reissued a buy rating and set a $8.00 price objective on shares of Sirius XM in a research report on Wednesday, April 24th. Finally, BidaskClub raised Sirius XM from a buy rating to a strong-buy rating in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $7.29.
Shares of NASDAQ SIRI traded up $0.07 during trading hours on Friday, hitting $6.34. 23,693,219 shares of the company’s stock were exchanged, compared to its average volume of 21,237,218. Sirius XM has a 1-year low of $5.23 and a 1-year high of $7.25. The company has a debt-to-equity ratio of 46.63, a current ratio of 0.33 and a quick ratio of 0.28. The stock has a market cap of $27.86 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 2.87 and a beta of 1.03. The firm has a 50-day moving average of $5.90.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 9th will be issued a $0.0121 dividend. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.05 annualized dividend and a yield of 0.76%. Sirius XM’s dividend payout ratio (DPR) is 19.23%.
In other Sirius XM news, Director James P. Holden sold 63,067 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $5.68, for a total value of $358,220.56. Following the completion of the transaction, the director now owns 248,137 shares of the company’s stock, valued at approximately $1,409,418.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.93% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Farmers National Bank acquired a new position in Sirius XM in the 1st quarter valued at approximately $27,000. Quadrant Capital Group LLC grew its stake in shares of Sirius XM by 62.5% in the 1st quarter. Quadrant Capital Group LLC now owns 5,650 shares of the company’s stock valued at $30,000 after purchasing an additional 2,174 shares during the period. Coastal Capital Group Inc. bought a new stake in shares of Sirius XM in the 2nd quarter valued at approximately $32,000. Westside Investment Management Inc. bought a new stake in shares of Sirius XM in the 2nd quarter valued at approximately $37,000. Finally, Manchester Financial Inc. bought a new stake in shares of Sirius XM in the 2nd quarter valued at approximately $38,000. 20.61% of the stock is owned by hedge funds and other institutional investors.
Sirius XM Company Profile
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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