Sirius XM (NASDAQ:SIRI) Trading Down 5.5% – Should You Sell?

Sirius XM Holdings Inc. (NASDAQ:SIRI) shares dropped 5.5% on Wednesday . The company traded as low as $25.07 and last traded at $25.06. Approximately 2,411,829 shares were traded during trading, a decline of 58% from the average daily volume of 5,725,150 shares. The stock had previously closed at $26.52.

Analyst Ratings Changes

SIRI has been the subject of a number of research analyst reports. Bank of America reiterated an “underperform” rating and set a $23.00 price objective on shares of Sirius XM in a report on Thursday, October 24th. Rosenblatt Securities cut their target price on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Seaport Res Ptn downgraded shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Guggenheim cut their target price on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, Morgan Stanley cut their target price on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research report on Thursday, January 23rd. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $26.96.

Sirius XM Stock Performance

The company has a market cap of $8.64 billion, a PE ratio of -3.98, a P/E/G ratio of 0.85 and a beta of 1.06. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The firm’s 50-day simple moving average is $23.32 and its two-hundred day simple moving average is $25.86.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.20. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. As a group, research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.24%. The ex-dividend date is Friday, February 7th. Sirius XM’s payout ratio is -16.85%.

Institutional Trading of Sirius XM

Several institutional investors and hedge funds have recently bought and sold shares of SIRI. Coston McIsaac & Partners lifted its stake in shares of Sirius XM by 113.5% in the 3rd quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock valued at $27,000 after purchasing an additional 624 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of Sirius XM in the 4th quarter valued at $26,000. TCTC Holdings LLC acquired a new position in shares of Sirius XM in the 3rd quarter valued at $29,000. First Command Advisory Services Inc. acquired a new position in shares of Sirius XM in the 4th quarter valued at $30,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Sirius XM by 574.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after purchasing an additional 1,144 shares during the period. 10.69% of the stock is currently owned by institutional investors and hedge funds.

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.