Sirius XM Holdings Inc. $SIRI Shares Bought by Ancora Advisors LLC

Key Points

• Ancora Advisors LLC increased its stake in Sirius XM Holdings Inc. by 29.7%, acquiring 13,600 shares in the first quarter, bringing their total holdings to 59,345 shares worth approximately $1.34 million.
• Sirius XM's earnings report showed missing estimates with an EPS of $0.57 against a forecast of $0.79, while revenue was slightly above expectations at $2.14 billion.
• A recent dividend of $0.27 per share was announced, yielding an annualized dividend of $1.08, which reflects a 4.6% dividend yield despite a payout ratio of -16.00%.

Ancora Advisors LLC increased its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 29.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,345 shares of the company's stock after acquiring an additional 13,600 shares during the quarter. Ancora Advisors LLC's holdings in Sirius XM were worth $1,338,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in SIRI. Opal Wealth Advisors LLC purchased a new stake in shares of Sirius XM in the 1st quarter valued at about $25,000. Putney Financial Group LLC purchased a new position in shares of Sirius XM during the fourth quarter worth approximately $27,000. Deseret Mutual Benefit Administrators increased its holdings in shares of Sirius XM by 79.3% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,594 shares of the company's stock valued at $36,000 after acquiring an additional 705 shares during the period. Golden State Wealth Management LLC boosted its stake in shares of Sirius XM by 3,263.3% during the first quarter. Golden State Wealth Management LLC now owns 2,018 shares of the company's stock worth $46,000 after buying an additional 1,958 shares during the period. Finally, Richards Merrill & Peterson Inc. purchased a new position in shares of Sirius XM in the 1st quarter valued at approximately $52,000. Hedge funds and other institutional investors own 10.69% of the company's stock.

Sirius XM Price Performance

Shares of NASDAQ SIRI traded down $0.16 on Tuesday, hitting $24.27. The company's stock had a trading volume of 3,031,829 shares, compared to its average volume of 4,375,489. The stock has a 50 day moving average of $23.16 and a 200-day moving average of $22.44. The company has a market capitalization of $8.17 billion, a price-to-earnings ratio of -3.60, a price-to-earnings-growth ratio of 0.36 and a beta of 0.95. Sirius XM Holdings Inc. has a 12-month low of $18.69 and a 12-month high of $29.18. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.41 and a quick ratio of 0.41.

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

Sirius XM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Friday, August 8th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Friday, August 8th. Sirius XM's dividend payout ratio is -16.00%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SIRI shares. Guggenheim restated a "buy" rating and issued a $29.00 target price on shares of Sirius XM in a research note on Thursday, June 26th. Rosenblatt Securities lifted their price objective on Sirius XM from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Morgan Stanley raised their price target on Sirius XM from $21.00 to $22.00 and gave the company an "underweight" rating in a report on Wednesday, July 16th. Zacks Research raised Sirius XM from a "strong sell" rating to a "hold" rating in a report on Friday, August 15th. Finally, Wells Fargo & Company decreased their target price on shares of Sirius XM from $19.00 to $18.00 and set an "underweight" rating on the stock in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target 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.