Stock Traders Buy High Volume of Sirius XM Call Options (NASDAQ:SIRI)

Sirius XM Holdings Inc. (NASDAQ:SIRI) was the recipient of some unusual options trading on Thursday. Stock investors acquired 18,261 call options on the stock. This represents an increase of 79% compared to the average daily volume of 10,208 call options.

Insider Buying and Selling at Sirius XM

In other news, Director Kristina Salen sold 1,651 shares of the firm’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $22.27, for a total transaction of $36,767.77. Following the completion of the transaction, the director directly owned 15,471 shares in the company, valued at $344,539.17. This trade represents a 9.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.32% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC purchased a new stake in shares of Sirius XM during the 1st quarter worth approximately $25,000. Putney Financial Group LLC purchased a new stake in shares of Sirius XM during the 4th quarter worth approximately $27,000. Deseret Mutual Benefit Administrators raised its holdings in shares of Sirius XM by 79.3% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,594 shares of the company’s stock worth $36,000 after acquiring an additional 705 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Sirius XM by 36.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock worth $41,000 after acquiring an additional 493 shares in the last quarter. Finally, Itau Unibanco Holding S.A. raised its holdings in shares of Sirius XM by 255.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company’s stock worth $42,000 after acquiring an additional 1,321 shares in the last quarter. 10.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on SIRI. Guggenheim reaffirmed a “buy” rating and set a $29.00 price objective on shares of Sirius XM in a research report on Thursday, June 26th. Barrington Research reaffirmed an “outperform” rating and set a $28.00 price objective on shares of Sirius XM in a research report on Friday, May 2nd. Seaport Res Ptn raised Sirius XM from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. Wells Fargo & Company increased their price objective on Sirius XM from $16.00 to $19.00 and gave the company an “underweight” rating in a research report on Wednesday. Finally, Rosenblatt Securities dropped their price objective on Sirius XM from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, May 2nd. Six investment analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $26.42.

Sirius XM Stock Up 1.8%

SIRI stock opened at $24.39 on Friday. Sirius XM has a twelve month low of $18.69 and a twelve month high of $41.60. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. The stock has a market cap of $8.24 billion, a P/E ratio of -3.74, a PEG ratio of 0.34 and a beta of 0.92. The business’s 50-day moving average price is $22.05 and its 200-day moving average price is $22.54.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.11). Sirius XM had a negative net margin of 25.00% and a positive return on equity of 6.77%. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the previous year, the firm earned $0.07 earnings per share. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. On average, equities research analysts forecast that Sirius XM will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Friday, May 9th were issued a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 4.43%. Sirius XM’s dividend payout ratio is presently -16.56%.

About Sirius XM

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.