Focus Partners Advisor Solutions LLC Takes Position in Sirius XM Holdings Inc. $SIRI

Key Points

• Focus Partners Advisor Solutions LLC purchased 11,989 shares of Sirius XM Holdings Inc. for approximately $270,000 during the first quarter, highlighting a trend of increased institutional interest in the company's stock.
• Sirius XM reported a Q2 earnings miss with an EPS of $0.57, falling short of the $0.79 consensus estimate, and noted a 1.8% decrease in revenue year-over-year.
• The company recently declared a quarterly dividend of $0.27 per share, yielding 4.5%, although the dividend payout ratio stands at -16.00%, indicating potential sustainability concerns.

Focus Partners Advisor Solutions LLC purchased a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,989 shares of the company's stock, valued at approximately $270,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SIRI. Fuller & Thaler Asset Management Inc. raised its holdings in 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 raised its holdings in 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. raised its holdings in 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 raised its holdings in 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, Northern Trust Corp raised its holdings in Sirius XM by 5.8% in the 4th quarter. Northern Trust Corp now owns 1,309,442 shares of the company's stock worth $29,855,000 after purchasing an additional 72,172 shares in the last quarter. 10.69% of the stock is currently owned by institutional investors.

Sirius XM Stock Down 0.1%

SIRI stock traded down $0.03 during trading on Thursday, hitting $23.79. 1,795,988 shares of the stock traded hands, compared to its average volume of 4,360,445. Sirius XM Holdings Inc. has a 1 year low of $18.69 and a 1 year high of $29.18. The firm's 50 day moving average is $23.17 and its two-hundred day moving average is $22.46. The stock has a market cap of $8.01 billion, a price-to-earnings ratio of -3.53, a price-to-earnings-growth ratio of 0.37 and a beta of 0.95. 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 (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.22). The firm had revenue of $2.14 billion for 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 business's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the company posted $0.80 earnings per share. Sirius XM has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Friday, August 8th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, August 8th. Sirius XM's dividend payout ratio (DPR) is presently -16.00%.

Wall Street Analysts Forecast Growth

SIRI has been the subject of several research reports. Guggenheim restated a "buy" rating and issued a $29.00 price objective on shares of Sirius XM in a report on Thursday, June 26th. Barrington Research reaffirmed an "outperform" rating and issued a $28.00 target price on shares of Sirius XM in a research report on Friday, August 1st. Morgan Stanley upped 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. Rosenblatt Securities upped 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 analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $26.18.

Sirius XM Company 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.