Sirius XM Holdings Inc. (NASDAQ:SIRI) Insider Sells $4,573,272.08 in Stock

Sirius XM Holdings Inc. (NASDAQ:SIRI) insider Scott Andrew Greenstein sold 1,447,238 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $3.16, for a total transaction of $4,573,272.08. Following the completion of the transaction, the insider now directly owns 989,331 shares of the company’s stock, valued at approximately $3,126,285.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Sirius XM Trading Down 0.6 %

SIRI opened at $3.14 on Monday. Sirius XM Holdings Inc. has a 1-year low of $2.45 and a 1-year high of $5.78. The firm has a 50-day moving average price of $3.15 and a two-hundred day moving average price of $3.59. The stock has a market capitalization of $12.08 billion, a PE ratio of 9.52, a PEG ratio of 1.06 and a beta of 1.08.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Friday, August 9th will be paid a dividend of $0.0266 per share. This represents a $0.11 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Friday, August 9th. Sirius XM’s dividend payout ratio (DPR) is presently 30.30%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. GM Advisory Group LLC boosted its position in shares of Sirius XM by 10.0% in the 4th quarter. GM Advisory Group LLC now owns 22,003 shares of the company’s stock worth $120,000 after purchasing an additional 2,000 shares during the last quarter. Lindbrook Capital LLC grew its holdings in Sirius XM by 20.5% during the fourth quarter. Lindbrook Capital LLC now owns 12,559 shares of the company’s stock valued at $69,000 after purchasing an additional 2,139 shares during the period. D.A. Davidson & CO. raised its holdings in Sirius XM by 14.8% in the fourth quarter. D.A. Davidson & CO. now owns 16,949 shares of the company’s stock worth $93,000 after purchasing an additional 2,183 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in shares of Sirius XM by 0.6% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 388,200 shares of the company’s stock valued at $2,123,000 after buying an additional 2,300 shares in the last quarter. Finally, Gitterman Wealth Management LLC raised its stake in Sirius XM by 7.2% during the 4th quarter. Gitterman Wealth Management LLC now owns 38,410 shares of the company’s stock worth $210,000 after buying an additional 2,566 shares during the period. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on SIRI. Pivotal Research upgraded Sirius XM from a “hold” rating to a “buy” rating and lowered their price objective for the company from $5.05 to $4.90 in a research note on Wednesday, April 24th. The Goldman Sachs Group upgraded Sirius XM from a “sell” rating to a “neutral” rating and lowered their price target for the company from $3.50 to $3.25 in a research report on Wednesday, May 1st. Wells Fargo & Company cut their price objective on Sirius XM from $3.00 to $2.50 and set an “underweight” rating for the company in a report on Wednesday, May 1st. Seaport Res Ptn raised shares of Sirius XM from a “neutral” rating to a “buy” rating in a report on Monday, April 29th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Sirius XM from $3.75 to $3.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $3.80.

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.