Sirius XM Sees Unusually Large Options Volume (NASDAQ:SIRI)

Sirius XM Holdings Inc. (NASDAQ:SIRI) saw some unusual options trading on Friday. Stock traders bought 53,289 call options on the stock. This represents an increase of 209% compared to the typical volume of 17,273 call options.

Analyst Ratings Changes

Several research firms have recently weighed in on SIRI. UBS Group set a $24.00 price objective on Sirius XM in a research note on Tuesday, February 10th. Benchmark reissued a “buy” rating and issued a $30.00 price target (up from $28.00) on shares of Sirius XM in a research report on Friday, October 31st. Barrington Research reiterated an “outperform” rating and issued a $28.00 price objective on shares of Sirius XM in a research report on Thursday, February 5th. Weiss Ratings cut shares of Sirius XM from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 6th. Finally, JPMorgan Chase & Co. upgraded Sirius XM from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $20.00 to $24.00 in a report on Tuesday, February 10th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $24.44.

Key Sirius XM News

Here are the key news stories impacting Sirius XM this week:

• Positive Sentiment: SiriusXM launched a cash tender offer to buy any and all of its 3.125% senior notes due 2026, signaling management is using available liquidity and new financing to eliminate a near-term maturity and reduce refinancing risk. SIRIUSXM Announces Cash Tender Offer
• Positive Sentiment: SiriusXM expanded content with full-season IndyCar coverage for 2026, which can help drive listener engagement and differentiate its audio offering — a positive for subscriber retention and advertising/partnership revenue over time. SiriusXM Revs Up Full-Season IndyCar Coverage for 2026
• Neutral Sentiment: The company announced an intention to offer $1.0B of senior notes due 2032 (subject to market conditions) to fund the tender offer and/or redeem remaining 2026 notes — a refinancing plan that clarifies funding but depends on market execution. Sirius XM Radio LLC Intends to Offer $1,000,000,000 of Senior Notes due 2032
• Neutral Sentiment: SiriusXM priced an upsized offering of $1.25B of 5.875% senior notes due 2032 (increase from $1.0B), indicating investor demand for the deal but at a materially higher coupon versus the 2026 notes. The upsizing improves funding certainty; the higher interest cost will raise long‑term interest expense. Sirius XM Radio LLC Prices Upsized Offering of $1,250,000,000 of 5.875% Senior Notes Due 2032
• Negative Sentiment: Analysts maintain an average “Hold” rating on SIRI, which suggests limited near-term upside from coverage consensus and may cap immediate valuation rerating absent stronger operational beats. Sirius XM Given Average Rating of “Hold” by Brokerages

Hedge Funds Weigh In On Sirius XM

Institutional investors have recently added to or reduced their stakes in the stock. Alpine Global Management LLC raised its position in Sirius XM by 7.1% during the 4th quarter. Alpine Global Management LLC now owns 26,817 shares of the company’s stock valued at $536,000 after purchasing an additional 1,778 shares during the last quarter. Pacer Advisors Inc. bought a new position in Sirius XM in the 4th quarter valued at approximately $34,548,000. Invesco Ltd. lifted its stake in Sirius XM by 33.2% during the 4th quarter. Invesco Ltd. now owns 348,053 shares of the company’s stock valued at $6,959,000 after acquiring an additional 86,729 shares during the period. Corient Private Wealth LLC raised its stake in Sirius XM by 16.3% during the 4th quarter. Corient Private Wealth LLC now owns 35,632 shares of the company’s stock valued at $713,000 after buying an additional 4,984 shares during the last quarter. Finally, Jacobs Equity LLC purchased a new stake in shares of Sirius XM during the 4th quarter valued at about $510,000. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Stock Performance

NASDAQ:SIRI traded up $0.36 on Friday, hitting $21.88. The company’s stock had a trading volume of 2,445,895 shares, compared to its average volume of 5,312,060. The stock has a fifty day moving average of $20.85 and a two-hundred day moving average of $21.73. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $7.32 billion, a P/E ratio of 9.77, a price-to-earnings-growth ratio of 0.36 and a beta of 0.93. Sirius XM has a one year low of $18.69 and a one year high of $25.35.

Sirius XM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Wednesday, February 11th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Wednesday, February 11th. Sirius XM’s dividend payout ratio is 48.21%.

About Sirius XM

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.