Scott Andrew Greenstein Sells 20,744 Shares of Sirius XM (NASDAQ:SIRI) Stock

Sirius XM Holdings Inc. (NASDAQ:SIRIGet Free Report) insider Scott Andrew Greenstein sold 20,744 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $29.83, for a total value of $618,793.52. Following the sale, the insider directly owned 20,163 shares in the company, valued at $601,462.29. This trade represents a 50.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Sirius XM Price Performance

SIRI traded up $0.20 during trading on Thursday, reaching $29.87. 3,493,953 shares of the company were exchanged, compared to its average volume of 5,012,999. The company’s 50-day moving average is $25.32 and its two-hundred day moving average is $22.64. The company has a market cap of $10.05 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 0.64 and a beta of 0.94. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.83. Sirius XM Holdings Inc. has a 12-month low of $19.76 and a 12-month high of $30.11.

Sirius XM (NASDAQ:SIRIGet Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Sirius XM had a return on equity of 9.19% and a net margin of 9.86%.The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 EPS. Research analysts forecast that Sirius XM Holdings Inc. will post 3.1 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 11th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, May 11th. Sirius XM’s dividend payout ratio is currently 45.57%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Barrington Research increased their price objective on Sirius XM from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. increased their price objective on Sirius XM from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Citigroup reiterated a “sell” rating and set a $22.00 price objective (up from $19.00) on shares of Sirius XM in a research report on Monday, May 4th. UBS Group set a $24.00 price objective on Sirius XM in a research report on Tuesday, February 10th. Finally, Guggenheim reiterated a “buy” rating and set a $34.00 price objective (up from $29.00) on shares of Sirius XM in a research report on Friday, April 24th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Sirius XM has an average rating of “Hold” and a consensus target price of $27.45.

View Our Latest Stock Report on Sirius XM

Institutional Investors Weigh In On Sirius XM

Several institutional investors have recently bought and sold shares of the stock. Altshuler Shaham Ltd boosted its holdings in Sirius XM by 36.7% during the 1st quarter. Altshuler Shaham Ltd now owns 1,553 shares of the company’s stock valued at $36,000 after acquiring an additional 417 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Sirius XM by 36.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock valued at $41,000 after acquiring an additional 493 shares during the period. Krilogy Financial LLC boosted its holdings in Sirius XM by 1.1% during the 4th quarter. Krilogy Financial LLC now owns 53,572 shares of the company’s stock valued at $1,097,000 after acquiring an additional 577 shares during the period. Rossby Financial LCC boosted its holdings in Sirius XM by 57.7% during the 4th quarter. Rossby Financial LCC now owns 1,621 shares of the company’s stock valued at $32,000 after acquiring an additional 593 shares during the period. Finally, SBI Securities Co. Ltd. boosted its holdings in Sirius XM by 4.6% during the 4th quarter. SBI Securities Co. Ltd. now owns 13,589 shares of the company’s stock valued at $272,000 after acquiring an additional 594 shares during the period. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

About Sirius XM

(Get Free Report)

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.

See Also

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.