Sirius XM's (SIRI) "Outperform" Rating Reiterated at Barrington Research

Sirius XM (NASDAQ:SIRI - Get Free Report)'s stock had its "outperform" rating reissued by research analysts at Barrington Research in a report released on Monday, Benzinga reports. They currently have a $40.00 target price on the stock. Barrington Research's price objective indicates a potential upside of 54.26% from the stock's previous close.

SIRI has been the subject of several other research reports. Pivotal Research lowered their price objective on shares of Sirius XM from $40.00 to $37.00 and set a "buy" rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Sirius XM from $37.50 to $30.00 and set a "hold" rating for the company in a research report on Tuesday, August 6th. StockNews.com started coverage on Sirius XM in a report on Monday, October 28th. They set a "hold" rating on the stock. Benchmark reissued a "buy" rating and issued a $43.00 target price on shares of Sirius XM in a research note on Tuesday, October 15th. Finally, JPMorgan Chase & Co. assumed coverage on Sirius XM in a research note on Wednesday, October 9th. They set an "underweight" rating and a $20.00 price target on the stock. Five analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $28.88.

Sirius XM Price Performance

Shares of SIRI traded down $1.72 on Monday, hitting $25.93. The company's stock had a trading volume of 9,638,533 shares, compared to its average volume of 3,484,790. The company has a 50 day moving average price of $26.52 and a 200 day moving average price of $29.35. Sirius XM has a fifty-two week low of $22.18 and a fifty-two week high of $57.80. The company has a market capitalization of $9.98 billion, a PE ratio of -4.09, a PEG ratio of 1.32 and a beta of 1.04. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.43.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. Sirius XM had a positive return on equity of 68.38% and a negative net margin of 23.02%. The company had revenue of $2.18 billion for the quarter, compared to analysts' expectations of $2.20 billion. On average, research analysts anticipate that Sirius XM will post 3.04 earnings per share for the current fiscal year.

Insider Activity

In other Sirius XM news, insider Scott Andrew Greenstein sold 144,723 shares of Sirius XM stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $31.60, for a total transaction of $4,573,246.80. Following the transaction, the insider now directly owns 98,933 shares in the company, 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 legal filing with the SEC, which is accessible through this link. In other Sirius XM news, insider Scott Andrew Greenstein sold 144,723 shares of Sirius XM stock in a transaction that occurred on 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 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Berkshire Hathaway Inc purchased 1,259,259 shares of Sirius XM stock in a transaction dated Friday, October 11th. The stock was bought at an average price of $24.95 per share, with a total value of $31,418,512.05. Following the acquisition, the insider now directly owns 108,719,088 shares of the company's stock, valued at approximately $2,712,541,245.60. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 2,646,761 shares of company stock valued at $65,952,329 in the last quarter. Company insiders own 0.79% of the company's stock.

Institutional Trading of Sirius XM

Several hedge funds and other institutional investors have recently modified their holdings of SIRI. Supplemental Annuity Collective Trust of NJ acquired a new stake in Sirius XM in the 3rd quarter valued at approximately $347,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of Sirius XM in the third quarter valued at approximately $1,707,000. Rocky Mountain Advisers LLC raised its holdings in shares of Sirius XM by 48,545.9% in the third quarter. Rocky Mountain Advisers LLC now owns 206,745 shares of the company's stock valued at $4,890,000 after purchasing an additional 206,320 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Sirius XM during the third quarter worth $318,000. Finally, TCTC Holdings LLC bought a new position in Sirius XM in the third quarter valued at $29,000. Institutional investors and hedge funds 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.