Sirius XM Holdings Inc. $SIRI Shares Sold by Gamco Investors INC. ET AL

Key Points

• Gamco Investors INC. ET AL reduced its stake in Sirius XM Holdings Inc. by 6.4%, selling 32,559 shares and holding a total of 477,433 shares worth approximately $10.76 million at the end of the last quarter.
• Analysts have varied opinions on Sirius XM, with a consensus rating of "Hold" and an average target price of $26.18, while notable ratings include "buy" from Guggenheim and "underweight" from Wells Fargo.
• Sirius XM announced a quarterly dividend of $0.27 per share, reflecting a dividend yield of 4.7%, with the ex-dividend date set for August 8th.

Gamco Investors INC. ET AL lowered its position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 6.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 477,433 shares of the company's stock after selling 32,559 shares during the period. Gamco Investors INC. ET AL owned 0.14% of Sirius XM worth $10,764,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Berkshire Hathaway Inc lifted its holdings in Sirius XM by 11.7% in the 4th quarter. Berkshire Hathaway Inc now owns 117,468,573 shares of the company's stock valued at $2,678,283,000 after purchasing an additional 12,313,544 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Sirius XM by 661.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,577,176 shares of the company's stock worth $80,630,000 after acquiring an additional 3,107,313 shares during the period. LSV Asset Management boosted its position in shares of Sirius XM by 41.5% during the 1st quarter. LSV Asset Management now owns 3,197,800 shares of the company's stock valued at $72,094,000 after acquiring an additional 937,500 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Sirius XM by 42.0% during the 1st quarter. Ameriprise Financial Inc. now owns 2,345,364 shares of the company's stock valued at $52,876,000 after acquiring an additional 693,473 shares during the last quarter. Finally, Seizert Capital Partners LLC boosted its position in shares of Sirius XM by 0.5% during the 1st quarter. Seizert Capital Partners LLC now owns 2,281,165 shares of the company's stock valued at $51,429,000 after acquiring an additional 11,549 shares during the last quarter. Hedge funds and other institutional investors own 10.69% of the company's stock.

Sirius XM Trading Up 1.2%

NASDAQ:SIRI traded up $0.27 on Friday, reaching $23.64. 2,568,093 shares of the company's stock were exchanged, compared to its average volume of 4,433,618. 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 firm has a market capitalization of $7.96 billion, a price-to-earnings ratio of -3.50, a price-to-earnings-growth ratio of 0.36 and a beta of 0.92. The business has a fifty day moving average of $23.01 and a 200-day moving average of $22.58. 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 issued its quarterly earnings results on Thursday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.22). The business had revenue of $2.14 billion for 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 firm's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the company earned $0.80 earnings per share. Sirius XM has set its FY 2025 guidance at EPS. As a group, analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

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

Analyst Ratings Changes

SIRI has been the topic of several recent research reports. Zacks Research raised shares of Sirius XM from a "strong sell" rating to a "hold" rating in a research report on Friday, August 15th. Barrington Research reissued an "outperform" rating and set a $28.00 price target on shares of Sirius XM in a research report on Friday, August 1st. Guggenheim reissued a "buy" rating and set a $29.00 price target on shares of Sirius XM in a research report on Thursday, June 26th. Morgan Stanley boosted their price target on shares of Sirius XM from $21.00 to $22.00 and gave the company an "underweight" rating in a research report on Wednesday, July 16th. Finally, Rosenblatt Securities boosted their price target on shares of Sirius XM from $22.00 to $23.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. One research 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 currently has an average rating of "Hold" and an average price target of $26.18.

About Sirius XM

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.