James E. Meyer Sells 172,704 Shares of Sirius XM Holdings Inc. (SIRI) Stock
Sirius XM Holdings Inc. (NASDAQ:SIRI) CEO James E. Meyer sold 172,704 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $5.68, for a total transaction of $980,958.72. Following the sale, the chief executive officer now directly owns 3,377,085 shares of the company’s stock, valued at $19,181,842.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Sirius XM Holdings Inc. (NASDAQ:SIRI) opened at $5.66 on Friday. The company has a market cap of $26,150.21, a P/E ratio of 31.61, a P/E/G ratio of 1.82 and a beta of 1.12. The company has a debt-to-equity ratio of -6.41, a current ratio of 0.19 and a quick ratio of 0.18. Sirius XM Holdings Inc. has a 1 year low of $4.40 and a 1 year high of $5.89.
Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.02. Sirius XM had a net margin of 16.71% and a negative return on equity of 93.51%. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period last year, the firm posted $0.04 EPS. Sirius XM’s revenue was up 8.0% on a year-over-year basis. research analysts anticipate that Sirius XM Holdings Inc. will post 0.19 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 9th were issued a $0.011 dividend. This represents a $0.04 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Wednesday, November 8th. This is an increase from Sirius XM’s previous quarterly dividend of $0.01. Sirius XM’s dividend payout ratio is 22.22%.
A number of large investors have recently modified their holdings of SIRI. Macquarie Group Ltd. increased its holdings in Sirius XM by 476.2% in the 2nd quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock worth $101,000 after buying an additional 15,200 shares during the period. Pitcairn Co. increased its holdings in Sirius XM by 1.3% in the 2nd quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock worth $102,000 after buying an additional 237 shares during the period. Colony Group LLC acquired a new position in Sirius XM in the 2nd quarter worth approximately $102,000. Toronto Dominion Bank increased its holdings in Sirius XM by 9.7% in the 2nd quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock worth $111,000 after buying an additional 1,799 shares during the period. Finally, Kalos Management Inc. acquired a new position in Sirius XM in the 3rd quarter worth approximately $114,000. Institutional investors own 19.65% of the company’s stock.
Several analysts have commented on SIRI shares. Bank of America set a $7.00 price target on shares of Sirius XM and gave the company a “buy” rating in a research report on Thursday, October 12th. Royal Bank of Canada began coverage on shares of Sirius XM in a research report on Friday, September 15th. They set a “sector perform” rating and a $6.00 price target for the company. Pivotal Research reaffirmed a “buy” rating and issued a $6.80 price objective (up from $6.25) on shares of Sirius XM in a research report on Wednesday, October 25th. Piper Jaffray Companies set a $7.00 price objective on shares of Sirius XM and gave the company a “buy” rating in a research report on Wednesday, October 11th. Finally, Gabelli increased their price objective on shares of Sirius XM from $4.75 to $6.10 and gave the company a “buy” rating in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Sirius XM has a consensus rating of “Buy” and a consensus price target of $6.01.
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Sirius XM Company Profile
Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.
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