Sirius XM stock is trading -11.73% below its average target price of $4.44 after marking a 2.3% during today's afternoon session. Analysts are giving the large-cap Broadcasting company an average rating of hold and target prices ranging from $3.25 to $6.25 per share.
The stock has an unusually large proportion of its shares sold short at 32.4%, and a short ratio of 13.55. The company's insiders own 83.44% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a very small number of institutional investors are invested in the stock, with 12.0% of Sirius XM's shares being owned by this investor type.
Institutions Invested in Sirius XM
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group, Inc. (The) | 2% | 62,359,504 | $244,399,364 |
| 2023-03-31 | Blackrock Inc. | 1% | 55,856,344 | $218,912,180 |
| 2023-03-31 | State Street Corporation | 1% | 24,351,463 | $95,438,252 |
| 2023-03-31 | Geode Capital Management, LLC | 0% | 12,814,362 | $50,222,046 |
| 2023-03-31 | Zimmer Partners, Lp | 0% | 12,389,615 | $48,557,378 |
| 2023-03-31 | Northern Trust Corporation | 0% | 10,982,803 | $43,043,800 |
| 2023-03-31 | Victory Capital Management Inc. | 0% | 9,919,395 | $38,876,092 |
| 2023-03-31 | Bank Of New York Mellon Corporation | 0% | 7,739,443 | $30,332,424 |
| 2023-03-31 | Citigroup Inc. | 0% | 7,008,934 | $27,469,413 |
| 2023-03-31 | Morgan Stanley | 0% | 6,785,272 | $26,592,837 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Sirius XM.
