Several other brokerages have also issued reports on SIRI. Zacks Investment Research lowered shares of Sirius XM from a buy rating to a hold rating in a report on Wednesday, November 1st. BidaskClub upgraded shares of Sirius XM from a sell rating to a hold rating in a research note on Wednesday, December 6th. Royal Bank of Canada set a $6.00 price target on shares of Sirius XM and gave the stock a hold rating in a research note on Thursday, January 11th. Barrington Research lowered shares of Sirius XM from an outperform rating to a market perform rating in a research note on Tuesday, January 2nd. Finally, Bank of America set a $7.00 price target on shares of Sirius XM and gave the stock a buy rating in a research note on Thursday, October 12th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $6.01.
Shares of Sirius XM (SIRI) traded up $0.13 on Friday, reaching $5.60. 26,330,000 shares of the company traded hands, compared to its average volume of 22,420,000. The stock has a market cap of $25,140.00, a price-to-earnings ratio of 31.11, a P/E/G ratio of 1.29 and a beta of 1.12. Sirius XM has a 12-month low of $4.57 and a 12-month high of $5.89. The company has a debt-to-equity ratio of -6.41, a quick ratio of 0.18 and a current ratio of 0.19.
Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. Sirius XM had a net margin of 16.71% and a negative return on equity of 93.51%. Sirius XM’s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.04 EPS. research analysts anticipate that Sirius XM will post 0.19 earnings per share for the current year.
In related news, CEO James E. Meyer sold 172,704 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 3,377,085 shares of the company’s stock, valued at $19,181,842.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Patrick L. Donnelly sold 1,374,479 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 227,430 shares of the company’s stock, 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.
A number of institutional investors and hedge funds have recently made changes to their positions in SIRI. Arrowstreet Capital Limited Partnership boosted its holdings in Sirius XM by 119.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 34,373,843 shares of the company’s stock valued at $188,025,000 after purchasing an additional 18,694,885 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Sirius XM by 3,767.6% in the second quarter. Janus Henderson Group PLC now owns 9,132,334 shares of the company’s stock valued at $49,953,000 after purchasing an additional 8,896,209 shares in the last quarter. Boston Advisors LLC acquired a new position in Sirius XM in the third quarter valued at approximately $11,985,000. APG Asset Management N.V. boosted its holdings in Sirius XM by 23.8% in the third quarter. APG Asset Management N.V. now owns 11,186,062 shares of the company’s stock valued at $61,747,000 after purchasing an additional 2,147,800 shares in the last quarter. Finally, Nationwide Fund Advisors acquired a new position in Sirius XM in the third quarter valued at approximately $9,952,000. 19.64% of the stock is owned by hedge funds and other institutional investors.
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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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