Investors Buy Large Volume of Sirius XM Call Options (NASDAQ:SIRI)

Sirius XM Holdings Inc. (NASDAQ:SIRI) was the recipient of unusually large options trading activity on Thursday. Stock investors acquired 76,364 call options on the company. This represents an increase of approximately 273% compared to the typical volume of 20,453 call options.

Sirius XM Price Performance

SIRI stock opened at $26.63 on Friday. Sirius XM has a 52 week low of $19.76 and a 52 week high of $32.66. The firm has a market capitalization of $8.98 billion, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 0.48 and a beta of 0.95. The company has a fifty day simple moving average of $29.10 and a two-hundred day simple moving average of $27.44. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.79.

Sirius XM (NASDAQ:SIRI) last posted its earnings results on Thursday, July 30th. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.08). The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. Sirius XM had a return on equity of 9.37% and a net margin of 10.23%.The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 earnings per share. Analysts anticipate that Sirius XM will post 3 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Monday, August 10th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, August 10th. Sirius XM’s dividend payout ratio (DPR) is presently 43.20%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $32.00 price target on shares of Sirius XM in a research note on Friday, August 7th. Guggenheim reaffirmed a “buy” rating and issued a $37.00 target price (up from $35.00) on shares of Sirius XM in a report on Thursday, September 17th. Citigroup reiterated a “sell” rating and issued a $25.00 target price (up from $22.00) on shares of Sirius XM in a research report on Friday, July 31st. JPMorgan Chase & Co. increased their price target on Sirius XM from $26.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft upgraded Sirius XM from a “hold” rating to a “buy” rating and raised their price target for the company from $31.00 to $45.00 in a report on Wednesday, September 2nd. Nine research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Sirius XM has an average rating of “Hold” and an average target price of $32.15.

Insider Buying and Selling at Sirius XM

In related news, Director Jonelle Procope sold 16,672 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $29.97, for a total transaction of $499,659.84. Following the completion of the transaction, the director directly owned 18,354 shares of the company’s stock, valued at approximately $550,069.38. This trade represents a 47.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.27% of the company’s stock.

Institutional Trading of Sirius XM

A number of institutional investors have recently bought and sold shares of SIRI. Sunbelt Securities Inc. increased its position in Sirius XM by 158.5% during the first quarter. Sunbelt Securities Inc. now owns 1,295 shares of the company’s stock valued at $30,000 after acquiring an additional 794 shares during the last quarter. Root Financial Partners LLC boosted its stake in shares of Sirius XM by 612.8% during the 1st quarter. Root Financial Partners LLC now owns 1,390 shares of the company’s stock worth $32,000 after purchasing an additional 1,195 shares during the period. Global Retirement Partners LLC purchased a new position in shares of Sirius XM during the 2nd quarter worth about $32,000. Western Wealth Management LLC bought a new position in Sirius XM during the 1st quarter valued at about $33,000. Finally, Altshuler Shaham Ltd grew 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 purchasing an additional 417 shares during the last quarter. 10.69% of the stock is currently owned by institutional investors.

Trending Headlines about Sirius XM

Here are the key news stories impacting Sirius XM this week:

• Positive Sentiment: Options traders purchased 76,364 Sirius XM call options, approximately 273% above the average volume of 20,453 contracts. The activity indicates increased bullish speculation, though options positioning is not a guarantee of future stock performance. Investors Buy Large Volume of Sirius XM Call Options
• Positive Sentiment: SiriusXM continues expanding its exclusive entertainment lineup, including an intimate Ella Langley performance in Denver through its Small Stage Series. Such programming can support audience engagement, brand visibility and subscriber retention, though the direct financial impact is likely limited. Ella Langley to Perform Intimate SiriusXM Small Stage Series Show in Denver
• Positive Sentiment: The company is positioning itself as a home for political independents, with Stephen A. Smith discussing SiriusXM’s broader content strategy. A differentiated mix of political and cultural programming could help SiriusXM attract and retain listeners across audience segments. Stephen A. Smith Explains How SiriusXM Is Becoming a Home for Political Independents
• Positive Sentiment: A report that SIRI crossed above its 200-day moving average may attract technically oriented buyers and reinforce a bullish chart narrative. However, technical signals can be temporary and should be weighed against operating results and subscriber trends. Sirius XM Stock Crosses Above Two Hundred Day Moving Average
• Neutral Sentiment: Reported short interest was listed at zero shares, implying no meaningful short-squeeze support. The figure conflicts with the description of a “large increase,” so investors should treat the data cautiously.
• Neutral Sentiment: Billy Joel’s planned live SiriusXM call-in appearance helps generate publicity and listener engagement after a false death rumor, but it is unlikely to significantly affect near-term revenue. Billy Joel Sets Live SiriusXM Call-In Show Appearance

Sirius XM Company Profile

Sirius XM Holdings Inc provides subscription-based audio entertainment and information services in the United States and Canada. Its SiriusXM service delivers commercial-free music, sports, news, talk and entertainment programming through satellite radio and internet streaming, including its mobile app and connected-vehicle platforms.

The company offers a broad range of exclusive and licensed content, including live sports coverage, original talk and comedy programs, news services, podcasts, and music channels organized by genre and artist.