Sirius XM Holdings Inc. (NASDAQ:SIRI) was the target of a large increase in short interest during the month of April. As of April 13th, there was short interest totalling 215,074,811 shares, an increase of 7.4% from the March 30th total of 200,178,350 shares. Currently, 16.3% of the company’s stock are short sold. Based on an average trading volume of 14,106,502 shares, the short-interest ratio is currently 15.2 days.

Shares of SIRI stock opened at $6.30 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.18 and a debt-to-equity ratio of -4.35. Sirius XM has a 12 month low of $4.73 and a 12 month high of $6.62. The company has a market capitalization of $28,074.15, a price-to-earnings ratio of 31.50, a PEG ratio of 1.75 and a beta of 1.11.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $0.05 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.05. Sirius XM had a negative return on equity of 76.24% and a net margin of 13.26%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.40 billion. equities research analysts forecast that Sirius XM will post 0.24 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Thursday, May 10th will be given a $0.011 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.70%. Sirius XM’s dividend payout ratio is currently 20.00%.

Sirius XM declared that its board has approved a stock buyback program on Tuesday, January 23rd that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

In other news, Director Joan Lordi Amble sold 73,961 shares of the stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $6.50, for a total transaction of $480,746.50. Following the transaction, the director now owns 101,174 shares of the company’s stock, valued at approximately $657,631. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Stephen Cook sold 97,550 shares of the stock in a transaction dated Thursday, April 26th. The shares were sold at an average price of $6.35, for a total value of $619,442.50. Following the transaction, the executive vice president now directly owns 1,305,993 shares in the company, valued at approximately $8,293,055.55. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,210,858 shares of company stock worth $7,441,963. 1.06% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of SIRI. Valmark Advisers Inc. lifted its position in shares of Sirius XM by 102.3% during the 4th quarter. Valmark Advisers Inc. now owns 20,230 shares of the company’s stock worth $108,000 after buying an additional 10,230 shares during the period. Cornerstone Financial Partners LLC bought a new position in shares of Sirius XM during the 4th quarter worth approximately $113,000. SeaCrest Wealth Management LLC bought a new position in shares of Sirius XM during the 4th quarter worth approximately $115,000. MANA Advisors LLC bought a new position in shares of Sirius XM during the 4th quarter worth approximately $129,000. Finally, Dudley & Shanley LLC bought a new position in shares of Sirius XM during the 4th quarter worth approximately $161,000. Institutional investors and hedge funds own 19.96% of the company’s stock.

A number of analysts have issued reports on SIRI shares. JPMorgan Chase lowered Sirius XM from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $5.36 to $5.00 in a report on Tuesday, January 2nd. Barrington Research lowered Sirius XM from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 2nd. Zacks Investment Research lowered Sirius XM from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Royal Bank of Canada set a $6.00 target price on Sirius XM and gave the company a “hold” rating in a report on Thursday, January 11th. Finally, BidaskClub lowered Sirius XM from a “sell” rating to a “strong sell” rating in a report on Thursday, January 18th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $6.21.

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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