Stock Traders Buy High Volume of Call Options on Sirius XM (NASDAQ:SIRI)

Sirius XM Holdings Inc. (NASDAQ:SIRI) was the target of some unusual options trading activity on Friday. Stock traders bought 53,289 call options on the stock. This represents an increase of approximately 209% compared to the typical volume of 17,273 call options.

Analyst Ratings Changes

SIRI has been the topic of a number of research reports. Barrington Research restated an “outperform” rating and issued a $28.00 target price on shares of Sirius XM in a report on Thursday, February 5th. Weiss Ratings cut Sirius XM from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 6th. Moffett Nathanson assumed coverage on Sirius XM in a research report on Tuesday, January 27th. They set a “neutral” rating and a $21.00 price objective on the stock. Rosenblatt Securities lifted their target price on Sirius XM from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. upgraded Sirius XM from an “underweight” rating to a “neutral” rating and increased their price target for the company from $20.00 to $24.00 in a report on Tuesday, February 10th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Sirius XM currently has an average rating of “Hold” and a consensus target price of $24.44.

Key Headlines Impacting Sirius XM

Here are the key news stories impacting Sirius XM this week:

• Positive Sentiment: Unusually large call‑option activity: traders bought ~53,289 SIRI calls (~+209% vs. typical volume), signaling bullish short‑term positioning by options market participants. (This likely contributed to upward price pressure.)
• Positive Sentiment: Cash tender offer to retire 3.125% notes due 2026 — Sirius XM launched a cash tender offer to buy any and all outstanding 2026 notes, which reduces near‑term maturities and short‑term refinancing risk. SIRIUSXM ANNOUNCES CASH TENDER OFFER FOR ANY AND ALL OUTSTANDING 3.125% SENIOR NOTES DUE 2026
• Positive Sentiment: Content/engagement boost — SiriusXM expanded full‑season IndyCar coverage for 2026, a programming win that can help subscriber engagement and advertising revenue over time. SiriusXM Revs Up Full-Season IndyCar Coverage for 2026
• Neutral Sentiment: Brokerage consensus remains “Hold” — analyst coverage shows an average hold rating, indicating no near‑term change in consensus expectations. Sirius XM Holdings Inc. (NASDAQ:SIRI) Given Average Rating of “Hold” by Brokerages
• Neutral Sentiment: Planned 2032 note offering — Sirius XM announced intent to offer senior notes due 2032 to fund the tender and extend maturities; extending maturities is credit‑positive, but impact depends on pricing and net interest cost. Sirius XM Radio LLC Intends to Offer $1,000,000,000 of Senior Notes due 2032
• Negative Sentiment: Upsized 2032 notes priced at a materially higher coupon (5.875%) — Sirius XM priced an upsized $1.25B offering of 5.875% senior notes due 2032, which extends maturities but raises expected interest expense versus the 3.125% 2026 notes being retired; higher coupon increases long‑term financing costs and can pressure margins. Sirius XM Radio LLC Prices Upsized Offering of $1,250,000,000 of 5.875% Senior Notes Due 2032

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SIRI. Sound Income Strategies LLC purchased a new position in Sirius XM during the 3rd quarter worth $33,000. Quaker Wealth Management LLC grew its position in shares of Sirius XM by 214.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 1,603 shares of the company’s stock worth $37,000 after buying an additional 3,001 shares in the last quarter. True Wealth Design LLC increased its stake in shares of Sirius XM by 47.8% during the second quarter. True Wealth Design LLC now owns 1,616 shares of the company’s stock valued at $37,000 after buying an additional 523 shares during the period. Rossby Financial LCC increased its stake 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 period. Finally, Mather Group LLC. bought a new stake in shares of Sirius XM in the third quarter valued at about $42,000. Institutional investors own 10.69% of the company’s stock.

Sirius XM Trading Up 2.0%

NASDAQ SIRI opened at $21.96 on Friday. The stock has a market cap of $7.35 billion, a PE ratio of 9.80, a PEG ratio of 0.37 and a beta of 0.93. Sirius XM has a 12 month low of $18.69 and a 12 month high of $25.35. The company’s 50-day moving average price is $20.87 and its 200-day moving average price is $21.74. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.75.

Sirius XM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 11th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.9%. 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.