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

Sirius XM Holdings Inc. (NASDAQ:SIRI) was the recipient of unusually large options trading on Friday. Traders purchased 48,916 call options on the company. This represents an increase of 188% compared to the average volume of 17,008 call options.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SIRI. UBS Group set a $24.00 target price on shares of Sirius XM in a research report on Tuesday, February 10th. Moffett Nathanson assumed coverage on shares of Sirius XM in a report on Tuesday, January 27th. They issued a “neutral” rating and a $21.00 price target for the company. Rosenblatt Securities lifted their price target on shares of Sirius XM from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Weiss Ratings lowered shares of Sirius XM from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 6th. Finally, Barrington Research restated an “outperform” rating and issued a $28.00 target price on shares of Sirius XM in a research note on Thursday, February 5th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Sirius XM presently has an average rating of “Hold” and an average target price of $24.44.

Institutional Investors Weigh In On Sirius XM

Several hedge funds and other institutional investors have recently made changes to their positions in SIRI. Geneos Wealth Management Inc. increased its holdings in shares of Sirius XM by 36.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock worth $41,000 after purchasing an additional 493 shares in the last quarter. Krilogy Financial LLC lifted its holdings in shares of Sirius XM by 1.1% during the fourth quarter. Krilogy Financial LLC now owns 53,572 shares of the company’s stock valued at $1,097,000 after purchasing an additional 577 shares in the last quarter. Rossby Financial LCC boosted its position in shares of Sirius XM by 57.7% during the fourth quarter. Rossby Financial LCC now owns 1,621 shares of the company’s stock valued at $32,000 after buying an additional 593 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Sirius XM by 4.6% during the fourth quarter. SBI Securities Co. Ltd. now owns 13,589 shares of the company’s stock valued at $272,000 after buying an additional 594 shares during the last quarter. Finally, J.W. Cole Advisors Inc. increased its holdings in Sirius XM by 6.5% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 9,934 shares of the company’s stock worth $228,000 after buying an additional 605 shares in the last quarter. 10.69% of the stock is owned by institutional investors.

Sirius XM Price Performance

Shares of SIRI opened at $22.84 on Friday. The business’s fifty day moving average is $21.51 and its 200 day moving average is $21.61. Sirius XM has a 12-month low of $18.69 and a 12-month high of $24.92. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.75. The stock has a market cap of $7.65 billion, a P/E ratio of 10.20, a P/E/G ratio of 0.39 and a beta of 0.92.

Sirius XM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 11th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Wednesday, February 11th. Sirius XM’s dividend payout ratio (DPR) is 48.21%.

Sirius XM Company Profile

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.