Camelot Portfolios LLC Trims Holdings in Sirius XM Holdings Inc. $SIRI

Key Points

• Camelot Portfolios LLC has reduced its holdings in Sirius XM Holdings Inc. by 13.8%, now owning 96,423 shares valued at approximately $2.2 million.
• Sirius XM recently reported earnings per share of $0.57, which fell short of analyst estimates of $0.79, while quarterly revenue was $2.14 billion despite a 1.8% decline year-over-year.
• The company declared a quarterly dividend of $0.27 per share, reflecting an annualized dividend of $1.08 and a yield of 4.8%.

Camelot Portfolios LLC decreased its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 13.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,423 shares of the company's stock after selling 15,494 shares during the quarter. Sirius XM comprises 1.3% of Camelot Portfolios LLC's investment portfolio, making the stock its 13th largest holding. Camelot Portfolios LLC's holdings in Sirius XM were worth $2,215,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of SIRI. Brighton Jones LLC purchased a new stake in Sirius XM in the 4th quarter valued at $622,000. Two Sigma Investments LP acquired a new position in Sirius XM in the 4th quarter valued at $670,000. Mackenzie Financial Corp grew its stake in shares of Sirius XM by 28.3% during the 4th quarter. Mackenzie Financial Corp now owns 36,275 shares of the company's stock worth $827,000 after purchasing an additional 8,012 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Sirius XM by 42.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 99,595 shares of the company's stock worth $2,271,000 after purchasing an additional 29,839 shares during the period. Finally, California State Teachers Retirement System grew its stake in shares of Sirius XM by 31.2% during the 4th quarter. California State Teachers Retirement System now owns 205,885 shares of the company's stock worth $4,694,000 after purchasing an additional 48,964 shares during the period. Hedge funds and other institutional investors own 10.69% of the company's stock.

Sirius XM Stock Up 1.4%

Shares of NASDAQ:SIRI opened at $22.70 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.89. Sirius XM Holdings Inc. has a 52-week low of $18.69 and a 52-week high of $29.18. The company has a 50 day moving average of $22.94 and a two-hundred day moving average of $22.37. The company has a market capitalization of $7.64 billion, a price-to-earnings ratio of -3.36, a price-to-earnings-growth ratio of 0.35 and a beta of 0.95.

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

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Friday, August 8th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Friday, August 8th. Sirius XM's payout ratio is currently -16.00%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Zacks Research raised shares of Sirius XM from a "strong sell" rating to a "hold" rating in a research note on Friday, August 15th. Morgan Stanley upped their price target on shares of Sirius XM from $21.00 to $22.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 16th. Rosenblatt Securities increased their price objective on shares of Sirius XM from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Monday, August 4th. 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. Finally, Barrington Research reissued an "outperform" rating and issued a $28.00 price objective on shares of Sirius XM in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Sirius XM has a consensus rating of "Hold" and an average target price of $26.70.

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.

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