Sirius XM Holdings Inc. (NASDAQ:SIRI) CEO James E. Meyer sold 172,704 shares of the firm’s stock in a transaction 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 owns 3,377,085 shares in the company, valued at $19,181,842.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Sirius XM Holdings Inc. (SIRI) remained flat at $$5.69 during trading on Wednesday. 13,297,452 shares of the stock traded hands, compared to its average volume of 21,441,029. Sirius XM Holdings Inc. has a 1-year low of $4.40 and a 1-year high of $5.89. The firm has a market capitalization of $25,920.42, a PE ratio of 31.33, a P/E/G ratio of 1.80 and a beta of 1.12. The company has a debt-to-equity ratio of -6.41, a current ratio of 0.19 and a quick ratio of 0.18.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.02. Sirius XM had a negative return on equity of 93.51% and a net margin of 16.71%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the business earned $0.04 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. research analysts anticipate that Sirius XM Holdings Inc. will post 0.19 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th were given a $0.011 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.77%. This is an increase from Sirius XM’s previous quarterly dividend of $0.01. The ex-dividend date was Wednesday, November 8th. Sirius XM’s payout ratio is presently 22.22%.

Institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. increased its holdings in shares of Sirius XM by 21.3% in the second quarter. Victory Capital Management Inc. now owns 361,743 shares of the company’s stock worth $1,979,000 after purchasing an additional 63,445 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Sirius XM by 17.2% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 533,483 shares of the company’s stock worth $2,918,000 after purchasing an additional 78,260 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Sirius XM by 1.5% in the second quarter. Legal & General Group Plc now owns 7,628,218 shares of the company’s stock worth $41,726,000 after purchasing an additional 111,962 shares during the last quarter. Engineers Gate Manager LP increased its holdings in shares of Sirius XM by 603.6% in the second quarter. Engineers Gate Manager LP now owns 97,890 shares of the company’s stock worth $535,000 after purchasing an additional 83,978 shares during the last quarter. Finally, Swiss National Bank increased its holdings in shares of Sirius XM by 0.5% in the third quarter. Swiss National Bank now owns 6,046,258 shares of the company’s stock worth $33,375,000 after purchasing an additional 27,200 shares during the last quarter. Institutional investors and hedge funds own 19.65% of the company’s stock.

A number of research firms have recently issued reports on SIRI. Gabelli raised their price target on Sirius XM from $4.75 to $6.10 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded Sirius XM from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a research note on Thursday, November 2nd. Royal Bank of Canada began coverage on Sirius XM in a research note on Friday, September 15th. They issued a “sector perform” rating and a $6.00 price target on the stock. Piper Jaffray Companies set a $7.00 price target on Sirius XM and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Finally, KeyCorp restated a “hold” rating on shares of Sirius XM in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $6.01.

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Sirius XM Company Profile

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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