CX Institutional Has $5.06 Million Holdings in Sirius XM Holdings Inc. $SIRI

Key Points

• CX Institutional increased its holdings in Sirius XM by 58.9% in the second quarter, owning approximately 0.07% of the company valued at $5.06 million.
• Sirius XM reported earnings of $0.57 per share, missing estimates, with revenue of $2.14 billion, which was slightly above expectations despite a 1.8% decline compared to the previous year.
• The company recently announced a quarterly $0.27 dividend, equating to an annualized rate of $1.08, representing a yield of 4.7%.

CX Institutional boosted its position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 58.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 220,371 shares of the company's stock after buying an additional 81,722 shares during the period. CX Institutional owned approximately 0.07% of Sirius XM worth $5,062,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Applied Finance Capital Management LLC lifted its holdings in Sirius XM by 5.1% in the first quarter. Applied Finance Capital Management LLC now owns 9,779 shares of the company's stock valued at $220,000 after buying an additional 475 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Sirius XM by 36.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company's stock valued at $41,000 after buying an additional 493 shares during the period. Allegiance Financial Group Advisory Services LLC lifted its holdings in Sirius XM by 5.5% in the first 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 period. Polianta Ltd lifted its holdings in Sirius XM by 1.5% in the first 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 period. Finally, Deseret Mutual Benefit Administrators increased its stake in Sirius XM by 79.3% in the first quarter. Deseret Mutual Benefit Administrators now owns 1,594 shares of the company's stock valued at $36,000 after purchasing an additional 705 shares in the last quarter. Institutional investors and hedge funds own 10.69% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Wells Fargo & Company decreased their price target 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. Zacks Research raised shares of Sirius XM from a "strong sell" rating to a "hold" rating in a research note on Friday, August 15th. Barrington Research reaffirmed an "outperform" rating and issued a $28.00 price target on shares of Sirius XM in a research note on Friday, August 1st. Guggenheim reaffirmed a "buy" rating and issued a $29.00 price target on shares of Sirius XM in a research note on Thursday, June 26th. Finally, Rosenblatt Securities lifted their price target 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. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $26.18.

Sirius XM Stock Up 0.5%

SIRI opened at $23.12 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. The stock has a market cap of $7.79 billion, a price-to-earnings ratio of -3.43, a PEG ratio of 0.35 and a beta of 0.95. Sirius XM Holdings Inc. has a twelve month low of $18.69 and a twelve month high of $29.18. The company's 50-day moving average price is $23.03 and its two-hundred day moving average price is $22.41.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released its 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). The company had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.13 billion. Sirius XM had a negative net margin of 26.41% and a positive return on equity of 3.73%. The firm's revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 earnings per share. Sirius XM has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Friday, August 8th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Friday, August 8th. Sirius XM's payout ratio is presently -16.00%.

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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