Sirius XM (SIRI) Now Covered by Analysts at Buckingham Research
Research analysts at Buckingham Research initiated coverage on shares of Sirius XM (NASDAQ:SIRI) in a report issued on Friday, The Fly reports. The firm set a “buy” rating on the stock.
Several other research firms have also commented on SIRI. Zacks Investment Research lowered shares of Sirius XM from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. BidaskClub upgraded shares of Sirius XM from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Royal Bank of Canada set a $6.00 price target on shares of Sirius XM and gave the company a “hold” rating in a research report on Thursday, January 11th. Barrington Research lowered shares of Sirius XM from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 2nd. Finally, Bank of America set a $7.00 price target on shares of Sirius XM and gave the company a “buy” rating in a research report on Thursday, October 12th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Sirius XM presently has an average rating of “Hold” and a consensus price target of $5.94.
Sirius XM (NASDAQ SIRI) opened at $5.47 on Friday. Sirius XM has a 1-year low of $4.55 and a 1-year high of $5.89. The company has a debt-to-equity ratio of -6.41, a current ratio of 0.19 and a quick ratio of 0.18. The stock has a market cap of $25,001.26, a PE ratio of 30.39, a price-to-earnings-growth ratio of 1.28 and a beta of 1.12.
In related news, EVP Patrick L. Donnelly sold 1,374,479 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $5.70, for a total transaction of $7,834,530.30. Following the sale, the executive vice president now owns 227,430 shares in the company, valued at $1,296,351. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James E. Meyer sold 172,704 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $5.68, for a total transaction of $980,958.72. Following the sale, the chief executive officer now owns 3,377,085 shares in the company, valued at approximately $19,181,842.80. The disclosure for this sale can be found here. 1.06% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in SIRI. Macquarie Group Ltd. boosted its position in Sirius XM by 476.2% during the second quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock worth $101,000 after acquiring an additional 15,200 shares during the last quarter. Colony Group LLC acquired a new stake in Sirius XM during the second quarter worth approximately $102,000. Toronto Dominion Bank boosted its position in Sirius XM by 9.7% during the second quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock worth $111,000 after acquiring an additional 1,799 shares during the last quarter. Kalos Management Inc. acquired a new stake in Sirius XM during the third quarter worth approximately $114,000. Finally, AE Wealth Management LLC boosted its position in Sirius XM by 72.7% during the third quarter. AE Wealth Management LLC now owns 23,579 shares of the company’s stock worth $130,000 after acquiring an additional 9,924 shares during the last quarter. Hedge funds and other institutional investors own 19.64% of the company’s stock.
About Sirius XM
Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.
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