Gotham Asset Management LLC Grows Stock Holdings in Sirius XM Holdings Inc. $SIRI

Key Points

• Gotham Asset Management LLC increased its stake in Sirius XM Holdings Inc. by 50.1% during the first quarter, owning 664,530 shares valued at approximately $14.98 million.
• Sirius XM reported an EPS of $0.57 for its latest quarter, falling short of analysts' expectations of $0.79, and experienced a 1.8% decline in revenue year-over-year.
• The company announced a quarterly dividend of $0.27, resulting in an annualized yield of 4.5% for shareholders recorded on August 8th.

Gotham Asset Management LLC increased its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 50.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 664,530 shares of the company's stock after acquiring an additional 221,851 shares during the period. Gotham Asset Management LLC owned about 0.20% of Sirius XM worth $14,982,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in Sirius XM in the 4th quarter valued at about $622,000. Tower Research Capital LLC TRC increased its stake in Sirius XM by 55.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,842 shares of the company's stock valued at $88,000 after buying an additional 1,371 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Sirius XM by 94.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 26,925 shares of the company's stock valued at $614,000 after buying an additional 13,112 shares during the last quarter. Northern Trust Corp increased its stake in Sirius XM by 5.8% in the 4th quarter. Northern Trust Corp now owns 1,309,442 shares of the company's stock valued at $29,855,000 after buying an additional 72,172 shares during the last quarter. Finally, Comerica Bank increased its stake in Sirius XM by 12.0% in the 4th quarter. Comerica Bank now owns 39,723 shares of the company's stock valued at $906,000 after buying an additional 4,266 shares during the last quarter. Hedge funds and other institutional investors own 10.69% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Barrington Research reiterated an "outperform" rating and issued a $28.00 price objective on shares of Sirius XM in a research note on Friday, August 1st. Guggenheim reiterated a "buy" rating and issued a $29.00 price objective on shares of Sirius XM in a research note on Thursday, June 26th. Rosenblatt Securities increased their price objective on shares of Sirius XM from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Monday, August 4th. Morgan Stanley raised their price target on shares of Sirius XM from $21.00 to $22.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 16th. Finally, Zacks Research upgraded shares of Sirius XM from a "strong sell" rating to a "hold" rating in a research note on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned 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 an average price target of $26.18.

Sirius XM Stock Performance

Shares of SIRI stock traded down $0.16 during trading hours on Tuesday, hitting $24.27. 3,036,033 shares of the company were exchanged, compared to its average volume of 4,380,942. The firm has a fifty day simple moving average of $23.16 and a 200 day simple moving average of $22.44. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.89. Sirius XM Holdings Inc. has a 52-week low of $18.69 and a 52-week high of $29.18. The stock has a market capitalization of $8.17 billion, a price-to-earnings ratio of -3.60, a P/E/G ratio of 0.36 and a beta of 0.95.

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 the consensus estimate of $0.79 by ($0.22). Sirius XM had a positive return on equity of 3.73% and a negative net margin of 26.41%.The company had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.13 billion. During the same quarter in the previous year, the business earned $0.80 EPS. The company's revenue for the quarter was down 1.8% on a year-over-year basis. Sirius XM has set its FY 2025 guidance at EPS. Research analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Friday, August 8th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Friday, August 8th. Sirius XM's 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.