Sirius XM Holdings Inc. (NASDAQ:SIRI) EVP Joseph A. Verbrugge sold 863,570 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $6.10, for a total value of $5,267,777.00. Following the completion of the sale, the executive vice president now directly owns 2,986,689 shares of the company’s stock, valued at $18,218,802.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Sirius XM Holdings Inc. (SIRI) opened at $6.00 on Thursday. The firm has a market capitalization of $27,180.00, a price-to-earnings ratio of 42.86, a PEG ratio of 1.74 and a beta of 1.17. Sirius XM Holdings Inc. has a 52-week low of $4.67 and a 52-week high of $6.28. The company has a debt-to-equity ratio of -4.42, a current ratio of 0.17 and a quick ratio of 0.16.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 7th will be given a $0.011 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Tuesday, February 6th. Sirius XM’s dividend payout ratio (DPR) is presently 28.57%.

Sirius XM declared that its Board of Directors has authorized a stock buyback plan on Tuesday, January 23rd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Swiss National Bank grew its position in shares of Sirius XM by 0.5% in the third quarter. Swiss National Bank now owns 6,046,258 shares of the company’s stock valued at $33,375,000 after purchasing an additional 27,200 shares in the last quarter. Chevy Chase Trust Holdings Inc. grew its position in Sirius XM by 19.2% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 5,419,576 shares of the company’s stock worth $29,915,000 after buying an additional 874,255 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Sirius XM by 9.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 423,790 shares of the company’s stock worth $2,339,000 after buying an additional 36,867 shares in the last quarter. Pictet Asset Management Ltd. grew its position in Sirius XM by 5.7% during the third quarter. Pictet Asset Management Ltd. now owns 784,400 shares of the company’s stock worth $4,330,000 after buying an additional 42,100 shares in the last quarter. Finally, Liberty Capital Management Inc. grew its position in Sirius XM by 1,109.7% during the third quarter. Liberty Capital Management Inc. now owns 150,000 shares of the company’s stock worth $863,000 after buying an additional 137,600 shares in the last quarter. Institutional investors own 19.69% of the company’s stock.

A number of analysts have issued reports on the company. Deutsche Bank raised Sirius XM from a “hold” rating to a “buy” rating and raised their target price for the stock from $5.25 to $6.50 in a research report on Friday, January 19th. Gabelli raised their target price on Sirius XM from $4.75 to $6.10 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research raised Sirius XM from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a research report on Thursday, November 2nd. BidaskClub downgraded Sirius XM from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. Finally, Barclays raised their target price on Sirius XM from $4.50 to $5.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $6.12.

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About Sirius XM

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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