Sirius XM (NASDAQ:SIRI) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Sirius XM (NASDAQ:SIRI) in a research note issued to investors on Sunday. The firm issued a hold rating on the stock.

Several other research analysts have also issued reports on the stock. Guggenheim initiated coverage on shares of Sirius XM in a report on Thursday, March 14th. They set a neutral rating and a $4.00 price target for the company. Wells Fargo & Company lowered their price objective on shares of Sirius XM from $4.50 to $3.00 and set an underweight rating for the company in a research note on Monday, April 1st. Citigroup lifted their price objective on shares of Sirius XM from $3.60 to $4.10 and gave the company a sell rating in a research note on Friday, January 12th. Finally, Benchmark lowered their price objective on shares of Sirius XM from $7.00 to $6.50 and set a buy rating for the company in a research note on Wednesday, March 27th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $4.74.

Sirius XM Price Performance

NASDAQ:SIRI opened at $3.16 on Friday. Sirius XM has a one year low of $3.04 and a one year high of $7.95. The firm’s 50 day simple moving average is $3.96 and its 200 day simple moving average is $4.63. The company has a market cap of $12.15 billion, a PE ratio of 9.88, a P/E/G ratio of 1.05 and a beta of 1.04.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. Sirius XM had a net margin of 14.05% and a negative return on equity of 42.54%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.30 billion. Equities research analysts expect that Sirius XM will post 0.29 EPS for the current year.

Insider Buying and Selling at Sirius XM

In other Sirius XM news, Director James E. Meyer sold 800,000 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $4.92, for a total transaction of $3,936,000.00. Following the completion of the sale, the director now owns 1,091,472 shares in the company, valued at approximately $5,370,042.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sirius XM news, Director James E. Meyer sold 800,000 shares of Sirius XM stock in a transaction on Friday, February 9th. The shares were sold at an average price of $4.92, for a total transaction of $3,936,000.00. Following the transaction, the director now directly owns 1,091,472 shares of the company’s stock, valued at approximately $5,370,042.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph A. Inzerillo sold 107,611 shares of Sirius XM stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $4.90, for a total transaction of $527,293.90. Following the transaction, the insider now directly owns 746,816 shares in the company, valued at $3,659,398.40. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sirius XM

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Sirius XM by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 54,682,133 shares of the company’s stock worth $299,111,000 after acquiring an additional 363,551 shares during the last quarter. Berkshire Hathaway Inc boosted its holdings in shares of Sirius XM by 315.6% in the 4th quarter. Berkshire Hathaway Inc now owns 40,243,058 shares of the company’s stock worth $220,130,000 after buying an additional 30,559,834 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Sirius XM by 482.9% in the 3rd quarter. AQR Capital Management LLC now owns 14,641,104 shares of the company’s stock worth $66,178,000 after buying an additional 12,129,166 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Sirius XM by 18.7% in the 3rd quarter. Northern Trust Corp now owns 11,256,094 shares of the company’s stock worth $50,878,000 after buying an additional 1,776,700 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in shares of Sirius XM by 169.6% in the 3rd quarter. New York State Common Retirement Fund now owns 10,303,486 shares of the company’s stock worth $46,572,000 after buying an additional 6,482,109 shares during the last quarter. 10.69% of the stock is owned by hedge funds and other institutional investors.

Sirius XM Company Profile

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company's Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.