Sirius XM Holdings Inc. $SIRI Shares Sold by Gabelli Funds LLC

Key Points

• Gabelli Funds LLC reduced its stake in Sirius XM Holdings Inc. by 11.5%, selling 81,675 shares during the first quarter, leaving them with 631,001 shares valued at approximately $14.23 million.
• Institutional investors, including Berkshire Hathaway and Fuller & Thaler Asset Management, have increased their holdings in Sirius XM, reflecting ongoing interest in the stock.
• Sirius XM recently reported a Q2 EPS of $0.57, missing estimates, while its quarterly revenue was $2.14 billion, slightly above the $2.13 billion consensus estimate.

Gabelli Funds LLC lowered its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 11.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 631,001 shares of the company's stock after selling 81,675 shares during the quarter. Gabelli Funds LLC owned approximately 0.19% of Sirius XM worth $14,226,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC purchased a new stake in shares of Sirius XM in the first quarter worth about $25,000. Putney Financial Group LLC purchased a new stake in Sirius XM in the fourth quarter valued at approximately $27,000. Deseret Mutual Benefit Administrators raised 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. Itau Unibanco Holding S.A. raised its stake in Sirius XM by 255.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company's stock valued at $42,000 after purchasing an additional 1,321 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its stake in Sirius XM by 3,263.3% in the first quarter. Golden State Wealth Management LLC now owns 2,018 shares of the company's stock valued at $46,000 after purchasing an additional 1,958 shares in the last quarter. Institutional investors own 10.69% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Rosenblatt Securities lifted their price target on shares of Sirius XM from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Barrington Research restated an "outperform" rating and issued a $28.00 target price on shares of Sirius XM in a report on Friday, August 1st. Wells Fargo & Company cut their target price on shares of Sirius XM from $19.00 to $18.00 and set an "underweight" rating on the stock in a report on Friday, August 1st. Zacks Research upgraded shares of Sirius XM from a "strong sell" rating to a "hold" rating in a report on Friday, August 15th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $29.00 target price on shares of Sirius XM in a research report on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $26.18.

Sirius XM Stock Performance

Shares of NASDAQ:SIRI traded up $0.27 during mid-day trading on Friday, reaching $23.64. 2,568,093 shares of the company traded hands, compared to its average volume of 4,433,618. The company's 50 day moving average price is $23.01 and its 200-day moving average price is $22.58. The firm has a market cap of $7.96 billion, a PE ratio of 20.56, a PEG ratio of 0.36 and a beta of 0.92. 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 52 week low of $18.69 and a 52 week high of $33.10.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released 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 company had revenue of $2.14 billion for the quarter, compared to the consensus estimate 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 for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the company earned $0.80 EPS. Sirius XM has set its FY 2025 guidance at EPS. On average, equities analysts expect that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Friday, August 8th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.6%. Sirius XM's dividend 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.