CX Institutional Acquires 81,722 Shares of Sirius XM Holdings Inc. $SIRI

Key Points

• CX Institutional increased its holdings in Sirius XM Holdings Inc. by 58.9%, owning 220,371 shares worth approximately $5.06 million after acquiring an additional 81,722 shares in the second quarter.
• Sirius XM reported earnings of $0.57 per share for the latest quarter, missing estimates of $0.79, with revenues slightly increasing to $2.14 billion, but down 1.8% year-over-year.
• The company announced a quarterly dividend of $0.27 per share, yielding 4.8%, amidst a reported dividend payout ratio of -16.00%.

CX Institutional raised its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 58.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 220,371 shares of the company's stock after acquiring an additional 81,722 shares during the quarter. CX Institutional owned approximately 0.07% of Sirius XM worth $5,062,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Unified Investment Management grew its stake in shares of Sirius XM by 1.4% in the second quarter. Unified Investment Management now owns 30,407 shares of the company's stock worth $698,000 after purchasing an additional 425 shares during the last quarter. Applied Finance Capital Management LLC raised its position in Sirius XM by 5.1% during the 1st quarter. Applied Finance Capital Management LLC now owns 9,779 shares of the company's stock worth $220,000 after purchasing an additional 475 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Sirius XM by 36.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company's stock worth $41,000 after buying an additional 493 shares during the period. Allegiance Financial Group Advisory Services LLC grew its position in shares of Sirius XM by 5.5% in the 1st quarter. Allegiance Financial Group Advisory Services LLC now owns 12,678 shares of the company's stock valued at $286,000 after buying an additional 660 shares during the last quarter. Finally, Polianta Ltd grew its position in shares of Sirius XM by 1.5% in the 1st quarter. Polianta Ltd now owns 48,300 shares of the company's stock valued at $1,088,000 after buying an additional 700 shares during the last quarter. Institutional investors own 10.69% of the company's stock.

Sirius XM Stock Down 0.9%

Sirius XM stock opened at $22.38 on Friday. The company has a market capitalization of $7.54 billion, a PE ratio of -3.32, a PEG ratio of 0.34 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 firm's fifty day moving average is $22.96 and its 200 day moving average is $22.38. 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 (NASDAQ:SIRI - Get Free Report) last posted its quarterly 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 company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the firm posted $0.80 earnings per share. The company's revenue for the quarter was down 1.8% on a year-over-year basis. Sirius XM has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Announces Dividend

The company also recently declared 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 yield of 4.8%. The ex-dividend date of this dividend was Friday, August 8th. Sirius XM's dividend payout ratio is -16.00%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SIRI. Barrington Research reaffirmed an "outperform" rating and issued a $28.00 price objective on shares of Sirius XM in a research note on Friday, August 1st. Rosenblatt Securities boosted their price target on shares of Sirius XM from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Morgan Stanley upped their price objective on shares of Sirius XM from $21.00 to $22.00 and gave the company an "underweight" rating in a research note on Wednesday, July 16th. Wells Fargo & Company lowered their target price on shares of Sirius XM from $19.00 to $18.00 and set an "underweight" rating for the company in a research note on Friday, August 1st. Finally, Guggenheim restated a "buy" rating and issued a $29.00 target price on shares of Sirius XM in a report on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $26.70.

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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