Sirius XM (NASDAQ:SIRI) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Sirius XM (NASDAQ:SIRI) in a research report sent to investors on Saturday. The firm issued a hold rating on the stock.

A number of other equities research analysts have also commented on SIRI. Evercore ISI raised Sirius XM from an underperform rating to an in-line rating and lowered their price target for the company from $4.25 to $3.25 in a research report on Monday, June 24th. Pivotal Research upgraded Sirius XM from a hold rating to a buy rating and lowered their target price for the stock from $5.05 to $4.90 in a research note on Wednesday, April 24th. The Goldman Sachs Group raised shares of Sirius XM from a sell rating to a neutral rating and cut their price target for the stock from $3.50 to $3.25 in a report on Wednesday, May 1st. Barrington Research reissued an outperform rating and issued a $4.75 price target on shares of Sirius XM in a report on Monday, July 15th. Finally, Seaport Res Ptn upgraded shares of Sirius XM from a neutral rating to a buy rating in a research note on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Sirius XM currently has an average rating of Hold and an average price target of $3.88.

Sirius XM Trading Down 3.5 %

NASDAQ SIRI opened at $3.01 on Friday. The firm has a market capitalization of $11.58 billion, a P/E ratio of 9.45, a PEG ratio of 1.06 and a beta of 1.08. The business has a fifty day simple moving average of $3.12 and a 200 day simple moving average of $3.68. Sirius XM has a 12 month low of $2.45 and a 12 month high of $5.78.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Friday, August 9th will be paid a dividend of $0.0266 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date is Friday, August 9th. Sirius XM’s payout ratio is currently 30.30%.

Insider Activity at Sirius XM

In other Sirius XM news, Director Kristina Salen sold 12,518 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.79% of the stock is currently owned by corporate insiders.

Institutional Trading of Sirius XM

Institutional investors and hedge funds have recently bought and sold shares of the company. First United Bank & Trust purchased a new stake in Sirius XM in the 4th quarter worth approximately $37,000. TFO Wealth Partners LLC increased its holdings in shares of Sirius XM by 140,560.0% in the 4th 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 last quarter. American National Bank bought a new position in shares of Sirius XM in the 4th quarter worth $41,000. V Square Quantitative Management LLC increased its holdings in shares of Sirius XM by 66.6% in the 4th quarter. V Square Quantitative Management LLC now owns 7,990 shares of the company’s stock worth $44,000 after buying an additional 3,194 shares during the last quarter. Finally, First PREMIER Bank bought a new position in shares of Sirius XM in the 1st quarter worth $31,000. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Company Profile

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.