Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $20.58, but opened at $21.15. Sirius XM shares last traded at $21.82, with a volume of 795,384 shares changing hands.
Analyst Ratings Changes
A number of analysts recently issued reports on the stock. StockNews.com started coverage on shares of Sirius XM in a research report on Wednesday, November 13th. They set a "sell" rating on the stock. Bank of America restated an "underperform" rating and set a $23.00 price objective on shares of Sirius XM in a report on Thursday, October 24th. Rosenblatt Securities upped their target price on Sirius XM from $28.00 to $29.00 and gave the company a "neutral" rating in a research note on Wednesday, December 11th. Barrington Research decreased their price target on Sirius XM from $40.00 to $30.00 and set an "outperform" rating on the stock in a research note on Friday, December 13th. Finally, Seaport Res Ptn downgraded shares of Sirius XM from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given 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 $27.58.
Check Out Our Latest Stock Report on SIRI
Sirius XM Stock Performance
The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of -3.64 and a beta of 1.03. The stock has a 50-day simple moving average of $26.16 and a 200-day simple moving average of $28.36.
Sirius XM Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th were given a $0.27 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $1.08 annualized dividend and a dividend yield of 4.68%. This is an increase from Sirius XM's previous quarterly dividend of $0.27. Sirius XM's payout ratio is presently -17.03%.
Insider Transactions at Sirius XM
In other news, major shareholder Berkshire Hathaway Inc acquired 869,800 shares of Sirius XM stock in a transaction that occurred on Wednesday, October 9th. The shares were purchased at an average cost 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 of the company's stock, valued at $2,496,884,722.95. This trade represents a 0.83 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders have purchased 2,646,761 shares of company stock valued at $65,952,329. Insiders own 0.79% of the company's stock.
Institutional Trading of Sirius XM
Institutional investors and hedge funds have recently modified their holdings of the business. Point72 Asset Management L.P. bought a new stake in shares of Sirius XM during the 2nd quarter valued at about $12,858,000. Sessa Capital IM L.P. acquired a new position in Sirius XM in the third quarter valued at approximately $77,983,000. Thompson Siegel & Walmsley LLC bought a new position in shares of Sirius XM during the third quarter valued at approximately $67,598,000. Seizert Capital Partners LLC acquired a new stake in shares of Sirius XM during the 3rd quarter worth approximately $46,173,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Sirius XM in the 2nd quarter worth approximately $5,192,000. 10.69% of the stock is owned by institutional investors and hedge funds.
About Sirius XM
(
Get Free Report)
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.
Featured Articles
Before you consider Sirius XM, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sirius XM wasn't on the list.
While Sirius XM currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
