Cwm LLC Has $1.20 Million Stock Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Cwm LLC raised its position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 64.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 53,214 shares of the company's stock after acquiring an additional 20,884 shares during the period. Cwm LLC's holdings in Sirius XM were worth $1,200,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Opal Wealth Advisors LLC acquired a new stake in Sirius XM in the 1st quarter valued at $25,000. Putney Financial Group LLC bought a new position in shares of Sirius XM in the fourth quarter valued at $27,000. Deseret Mutual Benefit Administrators grew its holdings in shares of 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 buying an additional 705 shares during the last quarter. Itau Unibanco Holding S.A. increased its position in shares of Sirius XM by 255.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company's stock worth $42,000 after acquiring an additional 1,321 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its holdings in shares of Sirius XM by 3,263.3% in the 1st quarter. Golden State Wealth Management LLC now owns 2,018 shares of the company's stock worth $46,000 after acquiring an additional 1,958 shares during the last quarter. Institutional investors own 10.69% of the company's stock.

Analysts Set New Price Targets

SIRI has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price target on Sirius XM from $16.00 to $19.00 and gave the company an "underweight" rating in a research note on Wednesday, July 2nd. Rosenblatt Securities cut their target price on Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Guggenheim reissued a "buy" rating and issued a $29.00 price target on shares of Sirius XM in a research report on Thursday, June 26th. Morgan Stanley lifted their price objective on shares of Sirius XM from $21.00 to $22.00 and gave the stock an "underweight" rating in a report on Wednesday, July 16th. Finally, Seaport Res Ptn upgraded shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Six investment analysts have rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $26.50.

Insider Buying and Selling at Sirius XM

In other Sirius XM news, Director Kristina Salen sold 1,651 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $22.27, for a total transaction of $36,767.77. Following the sale, the director owned 15,471 shares of the company's stock, valued at $344,539.17. The trade was a 9.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.79% of the stock is owned by insiders.

Sirius XM Stock Up 0.6%

Sirius XM stock opened at $23.56 on Monday. The firm has a 50 day moving average price of $22.59 and a 200-day moving average price of $22.63. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. Sirius XM Holdings Inc. has a twelve month low of $18.69 and a twelve month high of $41.20. The company has a market capitalization of $7.96 billion, a P/E ratio of -3.61, a P/E/G ratio of 0.34 and a beta of 0.92.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.11). Sirius XM had a positive return on equity of 6.77% and a negative net margin of 25.00%. The firm had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.09 billion. During the same period in the prior year, the business earned $0.07 earnings per share. The business's quarterly revenue was down 4.3% compared to the same quarter last year. As a group, equities analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Profile

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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