Sirius XM (NASDAQ:SIRI) Coverage Initiated at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Sirius XM (NASDAQ:SIRI - Get Free Report) in a report released on Tuesday. The firm set a "hold" rating on the stock.

A number of other analysts have also recently commented on SIRI. Morgan Stanley reaffirmed an "underweight" rating and set a $23.00 price target on shares of Sirius XM in a research report on Tuesday, September 24th. Bank of America reaffirmed an "underperform" rating and set a $23.00 price target on shares of Sirius XM in a research report on Thursday, October 24th. JPMorgan Chase & Co. began coverage on shares of Sirius XM in a research report on Wednesday, October 9th. They set an "underweight" rating and a $20.00 price target on the stock. Guggenheim raised shares of Sirius XM from a "neutral" rating to a "buy" rating and set a $30.00 price target on the stock in a research report on Wednesday, September 18th. Finally, Citigroup increased their price objective on shares of Sirius XM from $2.80 to $21.00 and gave the stock a "sell" rating in a research report on Thursday, September 26th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Sirius XM presently has a consensus rating of "Hold" and an average price target of $28.88.

Sirius XM Trading Up 2.6 %

NASDAQ SIRI traded up $0.67 on Tuesday, reaching $26.34. The company had a trading volume of 5,711,784 shares, compared to its average volume of 3,495,246. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.43. The firm has a market cap of $10.14 billion, a price-to-earnings ratio of -4.15, a P/E/G ratio of 1.37 and a beta of 1.04. The business has a 50 day moving average of $26.31 and a two-hundred day moving average of $29.29. Sirius XM has a fifty-two week low of $22.18 and a fifty-two week high of $57.80.

Insider Activity

In other Sirius XM news, insider Scott Andrew Greenstein sold 144,723 shares of the company's stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $31.60, for a total value of $4,573,246.80. Following the completion of the sale, the insider now directly owns 98,933 shares of the company's stock, valued at approximately $3,126,282.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Sirius XM news, insider Scott Andrew Greenstein sold 144,723 shares of the business's stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $31.60, for a total value of $4,573,246.80. Following the transaction, the insider now owns 98,933 shares of the company's stock, valued at approximately $3,126,282.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Berkshire Hathaway Inc bought 869,800 shares of the stock in a transaction dated Wednesday, October 9th. The shares were acquired at an average price of $23.55 per share, for a total transaction of $20,483,790.00. Following the completion of the purchase, the insider now directly owns 106,024,829 shares in the company, valued at approximately $2,496,884,722.95. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 2,646,761 shares of company stock worth $65,952,329 over the last quarter. Insiders own 0.79% of the company's stock.

Institutional Investors Weigh In On Sirius XM

Large investors have recently modified their holdings of the stock. Point72 Asset Management L.P. bought a new position in shares of Sirius XM in the second quarter valued at approximately $12,858,000. Dimensional Fund Advisors LP grew its position in shares of Sirius XM by 8.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,333,792 shares of the company's stock valued at $12,260,000 after purchasing an additional 353,860 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Sirius XM by 14.5% during the 2nd quarter. AQR Capital Management LLC now owns 3,866,444 shares of the company's stock valued at $10,807,000 after purchasing an additional 490,761 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Sirius XM by 25.8% in the first quarter. ProShare Advisors LLC now owns 3,747,881 shares of the company's stock worth $14,542,000 after purchasing an additional 768,570 shares during the period. Finally, AustralianSuper Pty Ltd raised its position in shares of Sirius XM by 58.6% in the second quarter. AustralianSuper Pty Ltd now owns 2,442,093 shares of the company's stock worth $6,911,000 after buying an additional 902,079 shares in the last quarter. Hedge funds and other institutional investors own 10.69% of the company's stock.

Sirius XM Company Profile

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.