Scott Andrew Greenstein Sells 20,744 Shares of Sirius XM (NASDAQ:SIRI) Stock

Sirius XM Holdings Inc. (NASDAQ:SIRI) insider Scott Andrew Greenstein sold 20,744 shares of Sirius XM stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $29.83, for a total value of $618,793.52. Following the completion of the transaction, the insider owned 20,163 shares in the company, valued at $601,462.29. The trade was a 50.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Sirius XM Trading Down 1.2%

Shares of SIRI opened at $29.52 on Friday. The stock’s 50-day moving average is $25.60 and its two-hundred day moving average is $22.74. The stock has a market cap of $9.94 billion, a PE ratio of 12.46, a P/E/G ratio of 0.64 and a beta of 0.94. Sirius XM Holdings Inc. has a 12 month low of $19.76 and a 12 month high of $30.11. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.44 and a quick ratio of 0.44.

Sirius XM (NASDAQ:SIRI) last announced its earnings results on Thursday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. Sirius XM had a return on equity of 9.19% and a net margin of 9.86%.The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period in the previous year, the company earned $0.59 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities analysts forecast that Sirius XM Holdings Inc. will post 3.1 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 11th were given a dividend of $0.27 per share. The ex-dividend date was Monday, May 11th. This represents a $1.08 annualized dividend and a dividend yield of 3.7%. Sirius XM’s payout ratio is currently 45.57%.

Hedge Funds Weigh In On Sirius XM

Hedge funds and other institutional investors have recently bought and sold shares of the business. Altshuler Shaham Ltd increased its position in Sirius XM by 36.7% in the 1st quarter. Altshuler Shaham Ltd now owns 1,553 shares of the company’s stock valued at $36,000 after acquiring an additional 417 shares during the period. Geneos Wealth Management Inc. increased its position in Sirius XM by 36.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock valued at $41,000 after acquiring an additional 493 shares during the period. Krilogy Financial LLC increased its position in Sirius XM by 1.1% in the 4th quarter. Krilogy Financial LLC now owns 53,572 shares of the company’s stock valued at $1,097,000 after acquiring an additional 577 shares during the period. Rossby Financial LCC increased its position in Sirius XM by 57.7% in the 4th quarter. Rossby Financial LCC now owns 1,621 shares of the company’s stock valued at $32,000 after acquiring an additional 593 shares during the period. Finally, SBI Securities Co. Ltd. increased its position in Sirius XM by 4.6% in the 4th quarter. SBI Securities Co. Ltd. now owns 13,589 shares of the company’s stock valued at $272,000 after acquiring an additional 594 shares during the period. 10.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SIRI shares. JPMorgan Chase & Co. upped their target price on Sirius XM from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Citigroup reissued a “sell” rating and set a $22.00 target price (up from $19.00) on shares of Sirius XM in a research report on Monday, May 4th. Rosenblatt Securities lowered their target price on shares of Sirius XM from $46.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Guggenheim restated a “buy” rating and set a $34.00 price target (up from $29.00) on shares of Sirius XM in a report on Friday, April 24th. Finally, Weiss Ratings upgraded shares of Sirius XM from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $27.45.

Sirius XM Company Profile

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.