Kristina Salen Sells 12,518 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) Stock

Sirius XM Holdings Inc. (NASDAQ:SIRIGet Free Report) Director Kristina Salen sold 12,518 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $2.60, for a total value of $32,546.80. Following the sale, the director now directly owns 169,309 shares in the company, valued at approximately $440,203.40. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Kristina Salen also recently made the following trade(s):

  • On Wednesday, June 5th, Kristina Salen sold 12,518 shares of Sirius XM stock. The shares were sold at an average price of $2.62, for a total value of $32,797.16.

Sirius XM Trading Up 2.8 %

Shares of Sirius XM stock opened at $2.61 on Friday. The firm has a market capitalization of $10.04 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 0.83 and a beta of 1.08. Sirius XM Holdings Inc. has a 12 month low of $2.45 and a 12 month high of $7.95. The business’s 50-day moving average price is $2.96 and its 200-day moving average price is $4.15.

Sirius XM (NASDAQ:SIRIGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Sirius XM had a net margin of 14.38% and a negative return on equity of 47.17%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the business earned $0.06 earnings per share. As a group, analysts predict that Sirius XM Holdings Inc. will post 0.31 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Friday, May 10th were given a dividend of $0.0266 per share. The ex-dividend date was Thursday, May 9th. This represents a $0.11 annualized dividend and a yield of 4.08%. Sirius XM’s payout ratio is 33.33%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SIRI. Truvestments Capital LLC purchased a new stake in Sirius XM during the 3rd quarter valued at about $27,000. BKM Wealth Management LLC purchased a new stake in shares of Sirius XM during the fourth quarter valued at approximately $27,000. First PREMIER Bank bought a new position in shares of Sirius XM in the first quarter worth approximately $31,000. First United Bank & Trust purchased a new position in shares of Sirius XM in the fourth quarter worth $37,000. Finally, TFO Wealth Partners LLC increased its stake in shares of Sirius XM by 140,560.0% in the fourth quarter. TFO Wealth Partners LLC now owns 7,033 shares of the company’s stock worth $38,000 after buying an additional 7,028 shares during the period. 10.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on SIRI shares. Pivotal Research raised shares of Sirius XM from a “hold” rating to a “buy” rating and reduced their price objective for the company from $5.05 to $4.90 in a research note on Wednesday, April 24th. Guggenheim started coverage on shares of Sirius XM in a research report on Thursday, March 14th. They set a “neutral” rating and a $4.00 price target for the company. Barrington Research reiterated an “outperform” rating and issued a $4.75 price objective on shares of Sirius XM in a research report on Tuesday, May 28th. Seaport Res Ptn raised Sirius XM from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. Finally, Wells Fargo & Company decreased their target price on Sirius XM from $3.00 to $2.50 and set an “underweight” rating on the stock in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $4.33.

Check Out Our Latest Stock Report on SIRI

About Sirius XM

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Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company's Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.

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