Guardian Wealth Management Inc. Acquires 19,310 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Guardian Wealth Management Inc. raised its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 148.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,319 shares of the company's stock after buying an additional 19,310 shares during the period. Guardian Wealth Management Inc.'s holdings in Sirius XM were worth $729,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SIRI. Opal Wealth Advisors LLC purchased a new stake in Sirius XM during the first quarter valued at about $25,000. Putney Financial Group LLC purchased a new stake in Sirius XM during the 4th quarter valued at about $27,000. Deseret Mutual Benefit Administrators grew its position in Sirius XM by 79.3% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,594 shares of the company's stock worth $36,000 after acquiring an additional 705 shares during the last quarter. Itau Unibanco Holding S.A. increased its stake 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 period. Finally, Golden State Wealth Management LLC lifted its position 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 during the last quarter. Institutional investors own 10.69% of the company's stock.

Sirius XM Stock Performance

Shares of SIRI traded down $0.59 during trading hours on Friday, hitting $23.58. The stock had a trading volume of 3,088,899 shares, compared to its average volume of 2,860,783. The stock has a fifty day moving average price of $22.76 and a 200 day moving average price of $22.67. Sirius XM Holdings Inc. has a 12 month low of $18.69 and a 12 month high of $40.20. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a market capitalization of $7.97 billion, a PE ratio of -3.62, a PEG ratio of 0.34 and a beta of 0.92.

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

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Friday, August 8th will be paid a $0.27 dividend. The ex-dividend date is Friday, August 8th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.58%. Sirius XM's dividend payout ratio (DPR) is presently -16.56%.

Insider Activity

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

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Guggenheim reaffirmed a "buy" rating and issued a $29.00 target price on shares of Sirius XM in a research note on Thursday, June 26th. Rosenblatt Securities decreased their price objective on shares of Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Barrington Research reissued an "outperform" rating and issued a $28.00 target price on shares of Sirius XM in a research report on Friday, May 2nd. Wells Fargo & Company increased their target price on Sirius XM from $16.00 to $19.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 2nd. Finally, Seaport Res Ptn raised Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Six equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Sirius XM presently has an average rating of "Hold" and a consensus price target of $26.50.

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.