Several other analysts also recently commented on SIRI. JPMorgan Chase & Co. downgraded Sirius XM from a “neutral” rating to an “underweight” rating and cut their target price for the company from $7.00 to $6.00 in a research note on Thursday, January 13th. StockNews.com started coverage on Sirius XM in a report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Wells Fargo & Company cut Sirius XM from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $8.00 to $7.00 in a report on Tuesday, January 4th. Three analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Sirius XM presently has an average rating of “Hold” and an average target price of $7.33.
Sirius XM stock opened at $6.46 on Monday. The company has a market capitalization of $25.50 billion, a P/E ratio of 20.84, a PEG ratio of 2.07 and a beta of 0.95. The stock’s 50 day moving average is $6.35 and its 200 day moving average is $6.29. Sirius XM has a twelve month low of $5.75 and a twelve month high of $7.29.
In related news, Director James P. Holden sold 56,233 shares of the firm’s stock in a transaction on Friday, March 18th. The stock was sold at an average price of $6.21, for a total value of $349,206.93. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Eddy W. Hartenstein sold 53,494 shares of the firm’s stock in a transaction on Friday, February 11th. The stock was sold at an average price of $6.24, for a total value of $333,802.56. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of SIRI. FMR LLC increased its stake in Sirius XM by 112.4% in the 1st quarter. FMR LLC now owns 710,989 shares of the company’s stock worth $4,031,000 after buying an additional 376,287 shares in the last quarter. Morgan Stanley increased its stake in Sirius XM by 58.1% in the 2nd quarter. Morgan Stanley now owns 6,244,216 shares of the company’s stock worth $40,837,000 after buying an additional 2,295,491 shares in the last quarter. Kestra Advisory Services LLC increased its stake in Sirius XM by 45.0% in the 3rd quarter. Kestra Advisory Services LLC now owns 57,618 shares of the company’s stock worth $351,000 after buying an additional 17,871 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in Sirius XM by 7.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 620,825 shares of the company’s stock worth $3,787,000 after buying an additional 41,214 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its stake in Sirius XM by 29.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 40,772 shares of the company’s stock worth $249,000 after buying an additional 9,229 shares in the last quarter. Institutional investors and hedge funds own 12.64% of the company’s stock.
Sirius XM Company Profile (Get Rating)
Sirius XM Holdings Inc provides satellite radio services on a subscription fee basis in the United States. It broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres, such as rock, pop and hip-hop, country, dance, jazz, Latin, and classical; live play-by-play sports from various leagues and colleges; various talk and entertainment channels for a range of audiences; national, international, and financial news; and limited run channels.
- Get a free copy of the StockNews.com research report on Sirius XM (SIRI)
- Levi Straus Stock Ready to Buy the Dip
- Bed Bath & Beyond Stock Ready to Scale Into
- Institutions And Analysts Drive UnitedHealth Group Higher
- MarketBeat: Week in Review 4/11 – 4/15
- Three Beaten Down Mega Caps The Analysts Are Upgrading
Receive News & Ratings for Sirius XM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sirius XM and related companies with MarketBeat.com's FREE daily email newsletter.