Sirius XM Holdings Inc. (NASDAQ:SIRI) Insider Sells $4,573,272.08 in Stock

Sirius XM Holdings Inc. (NASDAQ:SIRI) insider Scott Andrew Greenstein sold 1,447,238 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $3.16, for a total transaction of $4,573,272.08. Following the completion of the sale, the insider now directly owns 989,331 shares in the company, valued at $3,126,285.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Sirius XM Trading Down 0.6 %

NASDAQ SIRI opened at $3.14 on Monday. The company has a 50-day moving average price of $3.15 and a two-hundred day moving average price of $3.59. Sirius XM Holdings Inc. has a 52 week low of $2.45 and a 52 week high of $5.78. The stock has a market cap of $12.08 billion, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 1.06 and a beta of 1.08.

Sirius XM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Friday, August 9th will be issued a $0.0266 dividend. This represents a $0.11 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Friday, August 9th. Sirius XM’s dividend payout ratio (DPR) is 30.30%.

Institutional Trading of Sirius XM

Large investors have recently added to or reduced their stakes in the business. Mather Group LLC. bought a new position in shares of Sirius XM in the second quarter worth $28,000. First PREMIER Bank acquired a new stake in Sirius XM in the first quarter worth about $31,000. Walker Asset Management LLC bought a new position in Sirius XM in the 2nd quarter valued at about $33,000. Plato Investment Management Ltd bought a new position in Sirius XM in the 2nd quarter valued at about $35,000. Finally, Strategic Financial Concepts LLC acquired a new position in Sirius XM during the 2nd quarter valued at about $36,000. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SIRI. Deutsche Bank Aktiengesellschaft cut their target price on shares of Sirius XM from $3.75 to $3.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Wells Fargo & Company cut their price objective 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. Rosenblatt Securities decreased their target price on Sirius XM from $4.50 to $3.40 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. The Goldman Sachs Group raised Sirius XM from a “sell” rating to a “neutral” rating and dropped their price target for the company from $3.50 to $3.25 in a research report on Wednesday, May 1st. Finally, StockNews.com initiated coverage on shares of Sirius XM in a report on Sunday. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Sirius XM has an average rating of “Hold” and an average price target of $3.80.

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.