Barrington Research downgraded shares of Sirius XM (NASDAQ:SIRI) from an outperform rating to a market perform rating in a report issued on Tuesday, January 2nd, MarketBeat reports.
A number of other equities research analysts have also recently commented on the company. Bank of America set a $7.00 target price on Sirius XM and gave the stock a buy rating in a research note on Thursday, October 12th. Royal Bank of Canada began coverage on Sirius XM in a research note on Friday, September 15th. They issued a sector perform rating and a $6.00 price objective on the stock. Pivotal Research restated a buy rating and issued a $6.80 price objective (up from $6.25) on shares of Sirius XM in a research note on Wednesday, October 25th. Piper Jaffray Companies set a $7.00 price target on Sirius XM and gave the company a buy rating in a research report on Wednesday, October 11th. Finally, Gabelli upped their price target on Sirius XM from $4.75 to $6.10 and gave the company a buy rating in a research report on Thursday, October 26th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Sirius XM presently has a consensus rating of Hold and a consensus price target of $5.94.
Shares of Sirius XM (NASDAQ SIRI) opened at $5.48 on Tuesday. The company has a debt-to-equity ratio of -6.41, a current ratio of 0.19 and a quick ratio of 0.18. The stock has a market cap of $25,277.01, a price-to-earnings ratio of 30.56, a P/E/G ratio of 1.57 and a beta of 1.12. Sirius XM has a 52-week low of $4.52 and a 52-week high of $5.89.
Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.02. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. Sirius XM had a net margin of 16.71% and a negative return on equity of 93.51%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.04 EPS. equities analysts forecast that Sirius XM will post 0.19 earnings per share for the current year.
In other news, CEO James E. Meyer sold 172,704 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $5.68, for a total value 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 legal filing with the SEC, which is available at this hyperlink. Also, EVP Patrick L. Donnelly sold 1,374,479 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $5.70, for a total value of $7,834,530.30. Following the sale, the executive vice president now directly owns 227,430 shares in the company, valued at $1,296,351. The disclosure for this sale can be found here. 1.06% of the stock is currently owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Broadleaf Partners LLC purchased a new stake in shares of Sirius XM during the fourth quarter valued at $3,353,000. DnB Asset Management AS boosted its position in shares of Sirius XM by 23.8% during the fourth quarter. DnB Asset Management AS now owns 237,015 shares of the company’s stock valued at $1,270,000 after buying an additional 45,600 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Sirius XM in the third quarter worth about $330,000. California Public Employees Retirement System boosted its position in Sirius XM by 9.6% in the third quarter. California Public Employees Retirement System now owns 4,167,432 shares of the company’s stock worth $23,004,000 after purchasing an additional 365,532 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Sirius XM by 19.7% in the third quarter. Janney Montgomery Scott LLC now owns 71,241 shares of the company’s stock worth $393,000 after purchasing an additional 11,726 shares during the last quarter. 19.57% of the stock is currently owned by institutional investors.
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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