Sirius XM stock is trading -15.92% below its average target price of $4.93 after marking a 3.9% during today's morning session. Analysts are giving the large-cap Broadcasting company an average rating of hold and target prices ranging from $3.5 to $7.0 per share.
The stock has an unusually large proportion of its shares sold short at 27.2%, and a short ratio of 12.08. The company's insiders own 83.6% 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 12.9% of Sirius XM's shares being owned by this investor type.
Institutions Invested in Sirius XM
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 2% | 61,298,460 | $254,082,115 |
| 2023-06-30 | Blackrock Inc. | 1% | 49,266,012 | $204,207,618 |
| 2023-06-30 | State Street Corporation | 1% | 28,762,745 | $119,221,577 |
| 2023-06-30 | Pacer Advisors, Inc. | 1% | 24,336,514 | $100,874,850 |
| 2023-06-30 | Geode Capital Management, LLC | 0% | 12,762,547 | $52,900,757 |
| 2023-06-30 | Morgan Stanley | 0% | 10,843,091 | $44,944,611 |
| 2023-06-30 | Northern Trust Corporation | 0% | 9,479,394 | $39,292,087 |
| 2023-06-30 | Bank Of New York Mellon Corporation | 0% | 9,269,288 | $38,421,198 |
| 2023-06-30 | Goldman Sachs Group Inc | 0% | 7,508,603 | $31,123,159 |
| 2023-06-30 | Invesco Ltd. | 0% | 6,985,399 | $28,954,478 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Sirius XM.
