Sirius XM plummeted to $5.33 per share this afternoon, but it remains 8.43% above its mean target price of $4.92. There may still be room for more downwards movement — even after today's -6.2% drop. Analysts are giving the large-cap Broadcasting stock on average rating of hold, with target prices ranging from $3.5 to $7.0 per share.
The stock has an unusually large proportion of its shares sold short at 29.0%, and a short ratio of 15.27. The company's insiders own 84.23% 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 12.5% 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 | $289,789,637 |
| 2023-09-30 | Blackrock Inc. | 1% | 44,663,175 | $238,278,040 |
| 2023-09-30 | State Street Corporation | 1% | 28,809,557 | $153,698,987 |
| 2023-09-30 | AQR Capital Management, LLC | 0% | 14,641,104 | $78,110,290 |
| 2023-09-30 | Citigroup Inc. | 0% | 14,172,896 | $75,612,400 |
| 2023-09-30 | Geode Capital Management, LLC | 0% | 12,505,030 | $66,714,335 |
| 2023-09-30 | Northern Trust Corporation | 0% | 11,256,094 | $60,051,261 |
| 2023-09-30 | New York State Common Retirement Fund | 0% | 10,303,486 | $54,969,098 |
| 2023-09-30 | Berkshire Hathaway, Inc | 0% | 9,683,224 | $51,660,000 |
| 2023-09-30 | Morgan Stanley | 0% | 9,538,860 | $50,889,818 |
Besides an analyst consensus of little upside potential, other market factors point to there being negative market sentiment on Sirius XM.
