GAMMA Investing LLC Purchases 19,977 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

GAMMA Investing LLC lifted its position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 6,362.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,291 shares of the company's stock after buying an additional 19,977 shares during the quarter. GAMMA Investing LLC's holdings in Sirius XM were worth $458,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Union Bancaire Privee UBP SA acquired a new stake in Sirius XM in the 4th quarter worth approximately $26,000. Putney Financial Group LLC acquired a new stake in Sirius XM in the 4th quarter worth approximately $27,000. First Command Advisory Services Inc. acquired a new stake in Sirius XM in the 4th quarter worth approximately $30,000. Itau Unibanco Holding S.A. lifted its holdings in Sirius XM by 255.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company's stock worth $42,000 after purchasing an additional 1,321 shares during the last quarter. Finally, Gables Capital Management Inc. acquired a new position in shares of Sirius XM during the fourth quarter worth approximately $43,000. Institutional investors own 10.69% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Barrington Research reiterated an "outperform" rating and set a $28.00 price target on shares of Sirius XM in a report on Friday, May 2nd. Rosenblatt Securities lowered their price target on Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Finally, Seaport Res Ptn upgraded Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Six analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Sirius XM has a consensus rating of "Hold" and a consensus price target of $26.65.

Sirius XM Trading Up 0.2%

Shares of SIRI opened at $21.49 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. Sirius XM Holdings Inc. has a 12-month low of $18.69 and a 12-month high of $41.60. The firm has a market capitalization of $7.26 billion, a PE ratio of -3.30, a price-to-earnings-growth ratio of 0.30 and a beta of 0.91. The stock's fifty day simple moving average is $21.52 and its 200-day simple moving average is $22.76.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.11). Sirius XM had a negative net margin of 25.00% and a positive return on equity of 6.77%. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the company posted $0.07 EPS. The company's quarterly revenue was down 4.3% compared to the same quarter last year. As a group, research analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend was Friday, May 9th. Sirius XM's payout ratio is -16.56%.

Insider Transactions at Sirius XM

In other news, Director Kristina Salen sold 1,651 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $22.27, for a total transaction of $36,767.77. Following the sale, the director now owns 15,471 shares of the company's stock, valued at $344,539.17. This trade represents a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.32% of the stock is currently owned by insiders.

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.

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