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

Sirius XM Holdings Inc. (NASDAQ:SIRI) was the target of unusually large options trading activity on Tuesday. Stock traders acquired 44,890 call options on the company. This is an increase of approximately 307% compared to the typical daily volume of 11,028 call options.

Sirius XM Stock Down 0.3%

Shares of NASDAQ:SIRI traded down $0.06 during trading on Tuesday, hitting $21.66. 1,204,514 shares of the company were exchanged, compared to its average volume of 4,197,948. Sirius XM has a fifty-two week low of $18.69 and a fifty-two week high of $29.18. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.89. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of -3.21, a P/E/G ratio of 0.32 and a beta of 0.96. The firm has a fifty day moving average price of $22.51 and a two-hundred day moving average price of $22.48.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.05. Sirius XM had a positive return on equity of 3.73% and a negative net margin of 26.41%.The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.14 billion. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business earned ($8.74) EPS. Sirius XM has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Sirius XM will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Wednesday, November 5th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, November 5th. This represents a $1.08 annualized dividend and a yield of 5.0%. Sirius XM’s dividend payout ratio is presently 38.16%.

Insider Buying and Selling at Sirius XM

In other news, Director Kristina Salen sold 1,845 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $21.64, for a total transaction of $39,925.80. Following the completion of the transaction, the director directly owned 19,969 shares in the company, valued at approximately $432,129.16. The trade was a 8.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.32% of the company’s stock.

Institutional Trading of Sirius XM

Several hedge funds and other institutional investors have recently made changes to their positions in SIRI. Unified Investment Management boosted its holdings in Sirius XM by 1.4% in the second quarter. Unified Investment Management now owns 30,407 shares of the company’s stock worth $698,000 after acquiring an additional 425 shares in the last quarter. Applied Finance Capital Management LLC increased its position in shares of Sirius XM by 5.1% during the first quarter. Applied Finance Capital Management LLC now owns 9,779 shares of the company’s stock valued at $220,000 after acquiring an additional 475 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Sirius XM by 36.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock valued at $41,000 after buying an additional 493 shares during the period. True Wealth Design LLC raised its stake in shares of Sirius XM by 47.8% during the 2nd quarter. True Wealth Design LLC now owns 1,616 shares of the company’s stock valued at $37,000 after purchasing an additional 523 shares during the period. Finally, J.W. Cole Advisors Inc. grew its stake in Sirius XM by 6.5% during the second quarter. J.W. Cole Advisors Inc. now owns 9,934 shares of the company’s stock valued at $228,000 after acquiring an additional 605 shares in the last quarter. 10.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SIRI has been the topic of several research analyst reports. Benchmark reiterated a “buy” rating and set a $30.00 price objective (up from $28.00) on shares of Sirius XM in a research report on Friday, October 31st. Weiss Ratings raised Sirius XM from a “sell (d)” rating to a “hold (c-)” rating in a report on Wednesday, November 5th. Zacks Research raised Sirius XM from a “strong sell” rating to a “hold” rating in a research report on Friday, August 15th. Wells Fargo & Company lowered their price target on Sirius XM from $19.00 to $18.00 and set an “underweight” rating on the stock in a research note on Friday, August 1st. Finally, Rosenblatt Securities lifted their price objective on Sirius XM from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $24.29.

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.