Sirius XM Holdings Inc. (NASDAQ:SIRI) EVP Patrick L. Donnelly Sells 408,274 Shares

Sirius XM Holdings Inc. (NASDAQ:SIRI – Get Rating) EVP Patrick L. Donnelly sold 408,274 shares of the company’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $6.75, for a total value of $2,755,849.50. Following the completion of the sale, the executive vice president now owns 791,342 shares of the company’s stock, valued at approximately $5,341,558.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Sirius XM Price Performance

NASDAQ SIRI opened at $6.58 on Friday. The stock has a market capitalization of $25.62 billion, a PE ratio of 21.23, a P/E/G ratio of 2.29 and a beta of 0.93. The business has a 50 day simple moving average of $6.27 and a two-hundred day simple moving average of $6.28. Sirius XM Holdings Inc. has a 1-year low of $5.69 and a 1-year high of $6.88.

Sirius XM (NASDAQ:SIRI – Get Rating) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.25 billion. Sirius XM had a net margin of 14.15% and a negative return on equity of 40.89%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 EPS. On average, analysts anticipate that Sirius XM Holdings Inc. will post 0.32 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Friday, August 5th will be paid a $0.022 dividend. This represents a $0.09 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Thursday, August 4th. Sirius XM’s payout ratio is 29.03%.

Institutional Investors Weigh In On Sirius XM

Institutional investors have recently modified their holdings of the stock. Covestor Ltd bought a new stake in shares of Sirius XM in the 4th quarter valued at approximately $26,000. Exchange Traded Concepts LLC bought a new stake in shares of Sirius XM in the 2nd quarter valued at approximately $26,000. Bank of New Hampshire bought a new stake in shares of Sirius XM during the 1st quarter worth approximately $33,000. Quent Capital LLC bought a new stake in shares of Sirius XM during the 1st quarter worth approximately $36,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Sirius XM during the 1st quarter worth approximately $45,000. 11.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SIRI shares. Morgan Stanley cut Sirius XM from an “equal weight” rating to an “underweight” rating and set a $7.00 target price for the company. in a research report on Monday, April 18th. Pivotal Research cut Sirius XM from a “buy” rating to a “hold” rating and cut their target price for the stock from $7.55 to $7.10 in a research report on Monday, August 1st. StockNews.com cut Sirius XM from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Rosenblatt Securities started coverage on Sirius XM in a research report on Tuesday, April 19th. They set a “buy” rating and a $8.00 target price for the company. Finally, Citigroup cut their target price on Sirius XM from $7.60 to $7.50 and set a “buy” rating for the company in a research report on Thursday, July 7th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $6.94.

Sirius XM Company Profile

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Sirius XM Holdings Inc provides satellite radio services on a subscription fee basis in the United States. It broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres, such as rock, pop and hip-hop, country, dance, jazz, Latin, and classical; live play-by-play sports from various leagues and colleges; various talk and entertainment channels for a range of audiences; national, international, and financial news; and limited run channels.