Aldebaran Capital LLC Purchases 40,172 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Key Points

• Aldebaran Capital LLC increased its stake in Sirius XM Holdings Inc. by 93.2%, acquiring an additional 40,172 shares, bringing their total holdings to 83,285 shares worth approximately $1.878 million.
• Sirius XM recently reported a $0.57 EPS, missing analysts' expectations, with revenues of $2.14 billion, reflecting a 1.8% year-over-year decline.
• The company announced a $0.27 quarterly dividend, representing an annualized yield of 4.7%, with the next payment scheduled for August 27th.

Aldebaran Capital LLC grew its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 93.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,285 shares of the company's stock after acquiring an additional 40,172 shares during the quarter. Sirius XM comprises 1.8% of Aldebaran Capital LLC's holdings, making the stock its 14th largest holding. Aldebaran Capital LLC's holdings in Sirius XM were worth $1,878,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC bought a new stake in Sirius XM during the fourth quarter worth $622,000. Envestnet Asset Management Inc. grew its holdings in Sirius XM by 62.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 409,427 shares of the company's stock worth $9,335,000 after buying an additional 157,807 shares in the last quarter. Cerity Partners LLC grew its holdings in Sirius XM by 86.4% during the fourth quarter. Cerity Partners LLC now owns 43,731 shares of the company's stock worth $1,000,000 after buying an additional 20,273 shares in the last quarter. Bank of Montreal Can bought a new stake in Sirius XM during the fourth quarter worth $307,000. Finally, Sterling Capital Management LLC grew its holdings in Sirius XM by 37.4% during the fourth quarter. Sterling Capital Management LLC now owns 12,784 shares of the company's stock worth $291,000 after buying an additional 3,482 shares in the last quarter. Institutional investors own 10.69% of the company's stock.

Sirius XM Stock Down 2.0%

Shares of NASDAQ SIRI opened at $23.03 on Friday. Sirius XM Holdings Inc. has a one year low of $18.69 and a one year high of $36.40. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.41 and a quick ratio of 0.41. The business's fifty day moving average price is $22.77 and its 200-day moving average price is $22.69. The stock has a market capitalization of $7.76 billion, a PE ratio of -3.41, a P/E/G ratio of 0.36 and a beta of 0.92.

Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.79 by ($0.22). Sirius XM had a negative net margin of 26.41% and a positive return on equity of 3.73%. The firm had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.13 billion. During the same period in the prior year, the company earned $0.80 EPS. The firm's quarterly revenue was down 1.8% on a year-over-year basis. On average, equities research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Friday, August 8th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Friday, August 8th. Sirius XM's payout ratio is currently -16.00%.

Insiders Place Their Bets

In other Sirius XM news, Director Kristina Salen sold 1,651 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $22.27, for a total transaction of $36,767.77. Following the sale, the director owned 15,471 shares of the company's stock, valued at $344,539.17. The trade was a 9.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 3.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Morgan Stanley upped their price target on Sirius XM from $21.00 to $22.00 and gave the stock an "underweight" rating in a report on Wednesday, July 16th. Rosenblatt Securities upped their price target on Sirius XM from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Monday, August 4th. Guggenheim reiterated a "buy" rating and set a $29.00 price target on shares of Sirius XM in a report on Thursday, June 26th. Barrington Research reissued an "outperform" rating and issued a $28.00 price objective on shares of Sirius XM in a research report on Friday, August 1st. Finally, Wells Fargo & Company cut their price objective on Sirius XM from $19.00 to $18.00 and set an "underweight" rating on the stock in a research report on Friday, August 1st. Six research analysts have rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $26.18.

Sirius XM Company Profile

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company's Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.

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