Callan Family Office LLC purchased a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 39,156 shares of the company's stock, valued at approximately $1,547,000.
A number of other hedge funds also recently bought and sold shares of SIRI. Gables Capital Management Inc. acquired a new position in shares of Sirius XM during the second quarter worth about $32,000. Global Retirement Partners LLC acquired a new stake in Sirius XM in the second quarter valued at approximately $32,000. Sunbelt Securities Inc. lifted its stake in Sirius XM by 158.5% in the first quarter. Sunbelt Securities Inc. now owns 1,295 shares of the company's stock worth $30,000 after acquiring an additional 794 shares during the last quarter. Virtus Advisers LLC purchased a new position in Sirius XM in the second quarter worth approximately $77,000. Finally, Root Financial Partners LLC grew its holdings in Sirius XM by 612.8% during the 1st quarter. Root Financial Partners LLC now owns 1,390 shares of the company's stock worth $32,000 after acquiring an additional 1,195 shares in the last quarter. Institutional investors and hedge funds own 10.69% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on SIRI shares. Guggenheim reissued a "buy" rating and issued a $35.00 price objective (up from $34.00) on shares of Sirius XM in a research report on Friday, July 31st. Weiss Ratings raised shares of Sirius XM from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, July 9th. Rosenblatt Securities reaffirmed a "buy" rating and set a $45.00 price objective on shares of Sirius XM in a research report on Tuesday, July 28th. JPMorgan Chase & Co. boosted their target price on shares of Sirius XM from $26.00 to $34.00 and gave the stock a "neutral" rating in a research note on Friday, July 31st. Finally, Citigroup reissued a "sell" rating and issued a $25.00 target price (up from $22.00) on shares of Sirius XM in a report on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, Sirius XM currently has an average rating of "Hold" and a consensus target price of $30.92.
View Our Latest Research Report on Sirius XM
Insider Activity
In related news, Director Jonelle Procope sold 16,672 shares of the company's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $29.97, for a total value of $499,659.84. Following the completion of the sale, the director directly owned 18,354 shares of the company's stock, valued at $550,069.38. This represents a 47.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott Andrew Greenstein sold 20,744 shares of the firm's stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $29.83, for a total value of $618,793.52. Following the transaction, the insider owned 20,163 shares in the company, valued at $601,462.29. This represents a 50.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.27% of the stock is currently owned by insiders.
Sirius XM Price Performance
Shares of NASDAQ:SIRI opened at $28.69 on Monday. The company's fifty day moving average price is $29.58 and its 200 day moving average price is $26.28. Sirius XM Holdings Inc. has a 12 month low of $19.76 and a 12 month high of $32.66. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.46 and a quick ratio of 0.46. The firm has a market capitalization of $9.67 billion, a P/E ratio of 11.48, a P/E/G ratio of 0.62 and a beta of 0.95.
Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.70 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.08). The company had revenue of $2.16 billion during the quarter, compared to analysts' expectations of $2.14 billion. Sirius XM had a net margin of 10.23% and a return on equity of 9.37%. Sirius XM's revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm earned $0.57 earnings per share. As a group, sell-side analysts predict that Sirius XM Holdings Inc. will post 3.01 earnings per share for the current fiscal year.
Sirius XM Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Monday, August 10th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, August 10th. Sirius XM's payout ratio is presently 43.20%.
Sirius XM Profile
(
Free Report)
Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM's offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.
Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.
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