CX Institutional Acquires 138,601 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

CX Institutional boosted its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 288,752.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 138,649 shares of the company's stock after purchasing an additional 138,601 shares during the quarter. CX Institutional's holdings in Sirius XM were worth $3,126,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Union Bancaire Privee UBP SA purchased a new stake in Sirius XM in the fourth quarter worth $26,000. Putney Financial Group LLC bought a new position in Sirius XM during the 4th quarter valued at about $27,000. First Command Advisory Services Inc. bought a new position in Sirius XM in the 4th quarter worth about $30,000. Itau Unibanco Holding S.A. lifted its holdings in 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 buying an additional 1,321 shares during the period. Finally, Gables Capital Management Inc. purchased a new stake in Sirius XM in the fourth quarter valued at about $43,000. Institutional investors and hedge funds own 10.69% of the company's stock.

Sirius XM Price Performance

NASDAQ:SIRI traded down $0.66 during trading hours on Friday, reaching $21.25. 2,109,706 shares of the company were exchanged, compared to its average volume of 5,139,814. The stock's 50-day moving average is $21.37 and its 200-day moving average is $22.94. The firm has a market cap of $7.18 billion, a PE ratio of -3.32, a price-to-earnings-growth ratio of 0.79 and a beta of 0.91. The company has a current ratio of 0.42, a quick 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 $41.60.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.11). The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.09 billion. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. The business's quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 earnings per share. On average, sell-side analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Friday, May 9th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.08%. Sirius XM's dividend payout ratio (DPR) is presently -16.56%.

Insider Transactions at Sirius XM

In related news, Director Kristina Salen sold 1,651 shares of Sirius XM stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $22.27, for a total transaction of $36,767.77. Following the completion of the sale, the director now owns 15,471 shares of the company's stock, valued at approximately $344,539.17. This trade represents a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SIRI shares. Rosenblatt Securities cut their price objective on shares of Sirius XM from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Barrington Research reaffirmed an "outperform" rating and issued a $28.00 price target on shares of Sirius XM in a report on Friday, May 2nd. Finally, Seaport Res Ptn raised shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Six equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $26.65.

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.