Everstar Asset Management LLC Buys Shares of 11,000 Sirius XM Holdings Inc. $SIRI

Key Points

• Everstar Asset Management LLC has acquired 11,000 shares of Sirius XM Holdings Inc., valued at approximately $248,000, as reported in their recent 13F filing with the SEC.
• Sirius XM's quarterly earnings showed an EPS of $0.57, missing estimates, with revenue of $2.14 billion, marking a 1.8% decline compared to the previous year.
• The company recently announced a quarterly dividend of $0.27 per share, providing an annualized yield of 4.4% for shareholders.

Everstar Asset Management LLC bought a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,000 shares of the company's stock, valued at approximately $248,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Sirius XM by 661.3% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,577,176 shares of the company's stock worth $80,630,000 after purchasing an additional 3,107,313 shares in the last quarter. LSV Asset Management boosted its holdings in shares of Sirius XM by 41.5% in the 1st quarter. LSV Asset Management now owns 3,197,800 shares of the company's stock worth $72,094,000 after purchasing an additional 937,500 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Sirius XM by 42.0% in the 1st quarter. Ameriprise Financial Inc. now owns 2,345,364 shares of the company's stock worth $52,876,000 after purchasing an additional 693,473 shares in the last quarter. Seizert Capital Partners LLC boosted its holdings in shares of Sirius XM by 0.5% in the 1st quarter. Seizert Capital Partners LLC now owns 2,281,165 shares of the company's stock worth $51,429,000 after purchasing an additional 11,549 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Sirius XM by 209.9% in the 1st quarter. AQR Capital Management LLC now owns 1,957,518 shares of the company's stock worth $43,770,000 after purchasing an additional 1,325,870 shares in the last quarter. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Stock Down 2.2%

Shares of Sirius XM stock traded down $0.53 during midday trading on Friday, hitting $23.28. The company had a trading volume of 2,965,422 shares, compared to its average volume of 3,053,960. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.41 and a current ratio of 0.41. The stock has a market capitalization of $7.84 billion, a P/E ratio of -3.45, a P/E/G ratio of 0.36 and a beta of 0.95. The company has a 50 day moving average of $23.13 and a 200 day moving average of $22.43. Sirius XM Holdings Inc. has a 52-week low of $18.69 and a 52-week high of $29.18.

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). The company had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.13 billion. Sirius XM had a positive return on equity of 3.73% and a negative net margin of 26.41%.The business's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.80 EPS. Sirius XM has set its FY 2025 guidance at EPS. On average, equities analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Friday, August 8th were paid a $0.27 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.08 annualized dividend and a dividend yield of 4.6%. Sirius XM's dividend payout ratio is presently -16.00%.

Analyst Upgrades and Downgrades

SIRI has been the subject of a number of research reports. Guggenheim reiterated a "buy" rating and issued a $29.00 price objective on shares of Sirius XM in a report on Thursday, June 26th. Barrington Research reissued an "outperform" rating and issued a $28.00 target price on shares of Sirius XM in a research note on Friday, August 1st. Morgan Stanley boosted their target price on Sirius XM from $21.00 to $22.00 and gave the company an "underweight" rating in a research note on Wednesday, July 16th. Zacks Research raised Sirius XM from a "strong sell" rating to a "hold" rating in a research note on Friday, August 15th. Finally, Rosenblatt Securities boosted their target price on Sirius XM from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $26.18.

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.