Uncovering Institutional Buying In Sirius XM Holdings Inc (NASDAQ: SIRI)

Currently, there are 3.84B common shares owned by the public and among those 619.99M shares have been available to trade.

Insiders at the company have transacted a total of 86 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 74 of these insider trades were purchases, accounting for 1,362,093 shares. Insider sales of the common stock occurred on 12 occasions, with total insider shares sold totaling 332,698 shares.

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However, the script later moved the day high at 5.0050, down -1.80%. The company’s stock has a 5-day price change of -5.22% and 4.70% over the past three months. SIRI shares are trading -10.42% year to date (YTD), with the 12-month market performance down to -2.00% lower. It has a 12-month low price of $3.32 and touched a high of $7.95 over the same period. SIRI has an average intraday trading volume of 1.19 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.52%, -5.95%, and 7.28% respectively.

Institutional ownership of Sirius XM Holdings Inc (NASDAQ: SIRI) shares accounts for 10.34% of the company’s 3.84B shares outstanding.

It has a market capitalization of $18.83B and a beta (3y monthly) value of 1.09. The stock’s trailing 12-month PE ratio is 15.10, while the earnings-per-share (ttm) stands at $0.32. The company has a PEG of 2.16 and a Quick Ratio of 0.39. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.54% over the week and 3.19% over the month.

Analysts forecast that Sirius XM Holdings Inc (SIRI) will achieve an EPS of $Sprott Inc. for the current quarter, $37.59 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Selective Insurance Group, Inc. while analysts give the company a high EPS estimate of $SiriusPoint Ltd.. Comparatively, EPS for the current quarter was $Air Industries Group a year ago. Earnings per share for the fiscal year are expected to decrease by -7.05%, and 6.22% over the next financial year. EPS should grow at an annualized rate of 7.00% over the next five years, compared to 4.66% over the past 5-year period.

Looking at the support for the SIRI, a number of firms have released research notes about the stock. Wells Fargo stated their Underweight rating for the stock in a research note on January 23, 2024, with the firm’s price target at $5-$4.50.

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