Sirius XM shares rose 4.9% this evening to a price of $4.71. The stock is still trading within range of its average target price of $4.84, and over the last 52 weeks, it has recorded a -23.0% performance. Analysts have given the large-cap Broadcasting stock target prices ranging from $3.5 to $7.0 dollars per share, with an average rating of hold.
The stock has an unusually large proportion of its shares sold short at 29.1%, and a short ratio of 15.55. 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 |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 1% | 54,318,582 | $255,840,523 |
| 2023-09-30 | Blackrock Inc. | 1% | 44,663,175 | $210,363,555 |
| 2023-09-30 | State Street Corporation | 1% | 28,809,557 | $135,693,014 |
| 2023-09-30 | AQR Capital Management, LLC | 0% | 14,641,104 | $68,959,600 |
| 2023-09-30 | Citigroup Inc. | 0% | 14,172,896 | $66,754,340 |
| 2023-09-30 | Geode Capital Management, LLC | 0% | 12,505,030 | $58,898,691 |
| 2023-09-30 | Northern Trust Corporation | 0% | 11,256,094 | $53,016,203 |
| 2023-09-30 | New York State Common Retirement Fund | 0% | 10,303,486 | $48,529,419 |
| 2023-09-30 | Berkshire Hathaway, Inc | 0% | 9,683,224 | $45,607,985 |
| 2023-09-30 | Morgan Stanley | 0% | 9,538,860 | $44,928,030 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Sirius XM.
