Alpine Global Management LLC Has $564,000 Stock Holdings in Sirius XM Holdings Inc. $SIRI

Key Points

• Alpine Global Management LLC reduced its holdings in Sirius XM by 59.4%, selling 36,581 shares during the first quarter, leaving the firm with 25,000 shares valued at approximately $564,000.
• Sirius XM reported a Q2 EPS of $0.57, missing expectations of $0.79, with revenue of $2.14 billion, which was slightly above analyst estimates but down 1.8% year-over-year.
• A quarterly dividend of $0.27 was recently paid to stockholders, representing a 4.6% yield based on an annualized figure of $1.08.

Alpine Global Management LLC lowered its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 59.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,000 shares of the company's stock after selling 36,581 shares during the period. Alpine Global Management LLC's holdings in Sirius XM were worth $564,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Applied Finance Capital Management LLC increased its stake in shares of Sirius XM by 5.1% in the first quarter. Applied Finance Capital Management LLC now owns 9,779 shares of the company's stock worth $220,000 after acquiring an additional 475 shares during the period. Allegiance Financial Group Advisory Services LLC grew its position in Sirius XM by 5.5% during the first quarter. Allegiance Financial Group Advisory Services LLC now owns 12,678 shares of the company's stock valued at $286,000 after buying an additional 660 shares during the period. Polianta Ltd lifted its holdings in Sirius XM by 1.5% during the first quarter. Polianta Ltd now owns 48,300 shares of the company's stock valued at $1,088,000 after purchasing an additional 700 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its holdings in Sirius XM by 79.3% during the first quarter. Deseret Mutual Benefit Administrators now owns 1,594 shares of the company's stock valued at $36,000 after purchasing an additional 705 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Sirius XM by 37.8% in the first quarter. Nisa Investment Advisors LLC now owns 3,000 shares of the company's stock worth $68,000 after buying an additional 823 shares in the last quarter. Institutional investors own 10.69% of the company's stock.

Sirius XM Stock Up 1.8%

NASDAQ:SIRI traded up $0.42 on Wednesday, hitting $23.53. 2,755,529 shares of the company's stock traded hands, compared to its average volume of 3,824,359. The company has a market cap of $7.92 billion, a PE ratio of -3.49, a price-to-earnings-growth ratio of 0.36 and a beta of 0.95. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.89. Sirius XM Holdings Inc. has a 1 year low of $18.69 and a 1 year high of $31.40. The firm has a 50-day moving average price of $23.05 and a 200-day moving average price of $22.51.

Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.22). The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.13 billion. Sirius XM had a positive return on equity of 3.73% and a negative net margin of 26.41%.The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 earnings per share. Sirius XM has set its FY 2025 guidance at EPS. Equities analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Friday, August 8th were issued a $0.27 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.08 annualized dividend and a yield of 4.6%. Sirius XM's dividend payout ratio (DPR) is currently -16.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barrington Research reaffirmed an "outperform" rating and set a $28.00 target price on shares of Sirius XM in a research note on Friday, August 1st. Rosenblatt Securities lifted their price objective on shares of Sirius XM from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Morgan Stanley upped their price target on shares of Sirius XM from $21.00 to $22.00 and gave the company an "underweight" rating in a research report on Wednesday, July 16th. Zacks Research raised shares of Sirius XM from a "strong sell" rating to a "hold" rating in a research note on Friday, August 15th. Finally, Guggenheim reissued a "buy" rating and issued a $29.00 price objective on shares of Sirius XM in a research note on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat, Sirius XM currently has a consensus rating of "Hold" and a consensus target price of $26.18.

About Sirius XM

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.