Sirius XM Holdings (NASDAQ:SIRI) Director Joan Lordi Amble sold 49,352 shares of the stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $6.95, for a total transaction of $342,996.40. Following the completion of the sale, the director now directly owns 76,174 shares of the company’s stock, valued at $529,409.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Joan Lordi Amble also recently made the following trade(s):
- On Wednesday, March 7th, Joan Lordi Amble sold 73,961 shares of Sirius XM stock. The stock was sold at an average price of $6.50, for a total transaction of $480,746.50.
Sirius XM traded up $0.08, reaching $6.97, during mid-day trading on Friday, Marketbeat Ratings reports. The stock had a trading volume of 15,497,948 shares, compared to its average volume of 19,383,344. Sirius XM Holdings has a fifty-two week low of $4.83 and a fifty-two week high of $7.01. The company has a market capitalization of $31.13 billion, a P/E ratio of 34.85, a P/E/G ratio of 1.92 and a beta of 1.10. The company has a debt-to-equity ratio of -4.35, a quick ratio of 0.17 and a current ratio of 0.18.
Sirius XM declared that its Board of Directors has approved a stock repurchase plan on Tuesday, January 23rd that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Thursday, May 10th will be issued a dividend of $0.011 per share. The ex-dividend date is Wednesday, May 9th. This represents a $0.04 annualized dividend and a yield of 0.63%. Sirius XM’s dividend payout ratio (DPR) is presently 20.00%.
A number of hedge funds have recently made changes to their positions in SIRI. Carillon Tower Advisers Inc. acquired a new position in Sirius XM during the fourth quarter valued at approximately $53,443,000. American Century Companies Inc. grew its holdings in Sirius XM by 27.6% during the fourth quarter. American Century Companies Inc. now owns 44,612,437 shares of the company’s stock valued at $239,123,000 after purchasing an additional 9,657,090 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Sirius XM by 20.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 43,824,751 shares of the company’s stock valued at $234,901,000 after purchasing an additional 7,449,602 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in Sirius XM during the fourth quarter valued at approximately $26,702,000. Finally, APG Asset Management N.V. grew its holdings in Sirius XM by 18.1% during the fourth quarter. APG Asset Management N.V. now owns 13,210,562 shares of the company’s stock valued at $58,968,000 after purchasing an additional 2,024,500 shares during the last quarter. Institutional investors own 19.39% of the company’s stock.
A number of analysts have recently issued reports on SIRI shares. BidaskClub lowered shares of Sirius XM from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 18th. Deutsche Bank raised shares of Sirius XM from a “hold” rating to a “buy” rating and increased their price target for the stock from $5.25 to $6.50 in a research report on Friday, January 19th. Buckingham Research started coverage on shares of Sirius XM in a research report on Friday, January 19th. They issued a “buy” rating and a $6.50 price target for the company. Zacks Investment Research raised shares of Sirius XM from a “hold” rating to a “buy” rating and set a $6.25 price target for the company in a research report on Wednesday, January 24th. Finally, Barclays increased their price target on shares of Sirius XM from $4.50 to $5.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $6.27.
About Sirius XM
Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, including various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.
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