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

Several other institutional investors also recently bought and sold shares of SIRI. Fuller & Thaler Asset Management Inc. grew its stake in Sirius XM by 661.3% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,577,176 shares of the company's stock worth $80,630,000 after buying an additional 3,107,313 shares during the period. AQR Capital Management LLC grew its stake in Sirius XM by 209.9% during the first quarter. AQR Capital Management LLC now owns 1,957,518 shares of the company's stock worth $43,770,000 after buying an additional 1,325,870 shares during the period. Toronto Dominion Bank purchased a new stake in Sirius XM during the fourth quarter worth approximately $22,398,000. LSV Asset Management lifted its position in shares of Sirius XM by 41.5% during the first 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. Finally, Ensign Peak Advisors Inc acquired a new position in shares of Sirius XM during the fourth quarter worth $19,052,000. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Guggenheim reissued a "buy" rating and set a $29.00 target price on shares of Sirius XM in a research report on Thursday, June 26th. Morgan Stanley boosted their target price on shares of Sirius XM from $21.00 to $22.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 16th. Zacks Research raised shares of Sirius XM from a "strong sell" rating to a "hold" rating in a research report on Friday, August 15th. Rosenblatt Securities boosted their target price 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. Finally, Wells Fargo & Company reduced their target price on shares of Sirius XM from $19.00 to $18.00 and set an "underweight" rating on the stock in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $26.18.

Sirius XM Stock Down 2.2%

SIRI traded down $0.53 during trading on Friday, hitting $23.28. The company had a trading volume of 2,965,422 shares, compared to its average volume of 3,037,812. The company has a market cap of $7.84 billion, a PE ratio of -3.45, a P/E/G ratio of 0.35 and a beta of 0.95. The business has a 50-day moving average of $23.13 and a 200-day moving average of $22.42. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.41 and a quick ratio of 0.41. Sirius XM Holdings Inc. has a 1-year low of $18.69 and a 1-year 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 (EPS) 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 analyst estimates of $2.13 billion. Sirius XM had a negative net margin of 26.41% and a positive return on equity of 3.73%. The company's revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.80 earnings per share. Sirius XM has set its FY 2025 guidance at EPS. As a group, analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current 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 issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.08 annualized dividend and a yield of 4.6%. Sirius XM's dividend payout ratio is currently -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.