AQR Capital Management LLC Purchases 1,325,870 Shares of Sirius XM Holdings Inc. $SIRI

Key Points

• AQR Capital Management LLC increased its stake in Sirius XM Holdings Inc. by 209.9%, now holding approximately 1.96 million shares valued at $43.77 million.
• Sirius XM reported a quarterly EPS of $0.57, missing estimates by $0.22, and experienced a 1.8% decline in revenue year-over-year.
• The company recently declared a $0.27 quarterly dividend, resulting in an annualized yield of 4.5% for shareholders.

AQR Capital Management LLC lifted its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 209.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,957,518 shares of the company's stock after acquiring an additional 1,325,870 shares during the period. AQR Capital Management LLC owned 0.58% of Sirius XM worth $43,770,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. raised its position in shares of Sirius XM by 661.3% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,577,176 shares of the company's stock valued at $80,630,000 after purchasing an additional 3,107,313 shares during the period. LSV Asset Management grew its stake in Sirius XM by 41.5% in the 1st quarter. LSV Asset Management now owns 3,197,800 shares of the company's stock valued at $72,094,000 after buying an additional 937,500 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Sirius XM by 42.0% in the 1st quarter. Ameriprise Financial Inc. now owns 2,345,364 shares of the company's stock worth $52,876,000 after acquiring an additional 693,473 shares during the period. Seizert Capital Partners LLC raised its holdings in Sirius XM by 0.5% in the 1st quarter. Seizert Capital Partners LLC now owns 2,281,165 shares of the company's stock worth $51,429,000 after acquiring an additional 11,549 shares during the period. Finally, Northern Trust Corp lifted its position in Sirius XM by 5.8% during the 4th quarter. Northern Trust Corp now owns 1,309,442 shares of the company's stock worth $29,855,000 after acquiring an additional 72,172 shares during the last quarter. Institutional investors own 10.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SIRI. Wells Fargo & Company dropped their price objective on Sirius XM from $19.00 to $18.00 and set an "underweight" rating on the stock in a research note on Friday, August 1st. Rosenblatt Securities increased their price objective on Sirius XM from $22.00 to $23.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. Guggenheim reaffirmed a "buy" rating and set a $29.00 target price on shares of Sirius XM in a research report on Thursday, June 26th. Barrington Research reiterated an "outperform" rating and set a $28.00 target price on shares of Sirius XM in a research note on Friday, August 1st. Finally, Morgan Stanley raised their price target on shares of Sirius XM from $21.00 to $22.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 16th. One equities research 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $26.18.

Sirius XM Stock Performance

Sirius XM stock traded down $0.53 on Friday, hitting $23.28. The company's stock had a trading volume of 2,965,422 shares, compared to its average volume of 3,053,960. Sirius XM Holdings Inc. has a one year low of $18.69 and a one year high of $29.18. The firm has a market cap of $7.84 billion, a P/E ratio of -3.45, a price-to-earnings-growth ratio of 0.36 and a beta of 0.95. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.89. The company has a fifty day moving average price of $23.13 and a 200-day moving average price of $22.44.

Sirius XM (NASDAQ:SIRI - Get Free Report) last issued 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). Sirius XM had a negative net margin of 26.41% and a positive return on equity of 3.73%. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the firm posted $0.80 earnings per share. Sirius XM's revenue was down 1.8% on a year-over-year basis. Sirius XM has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

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

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.