Ieq Capital LLC increased its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 47.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,367 shares of the company's stock after buying an additional 31,788 shares during the quarter. Ieq Capital LLC's holdings in Sirius XM were worth $2,240,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in Sirius XM in the 1st quarter valued at about $25,000. Putney Financial Group LLC acquired a new stake in shares of Sirius XM in the 4th quarter valued at about $27,000. Deseret Mutual Benefit Administrators increased its position in shares of Sirius XM by 79.3% during the first quarter. Deseret Mutual Benefit Administrators now owns 1,594 shares of the company's stock worth $36,000 after acquiring an additional 705 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of Sirius XM by 3,263.3% during 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. Finally, Richards Merrill & Peterson Inc. bought a new stake in shares of Sirius XM during the 1st quarter worth $52,000. 10.69% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on SIRI shares. Wells Fargo & Company cut their price target on Sirius XM from $19.00 to $18.00 and set an "underweight" rating for the company in a research note on Friday, August 1st. Morgan Stanley raised their price target on Sirius XM from $21.00 to $22.00 and gave the stock an "underweight" rating in a report on Wednesday, July 16th. Zacks Research upgraded Sirius XM from a "strong sell" rating to a "hold" rating in a research report on Friday, August 15th. Guggenheim reissued a "buy" rating and set a $29.00 price objective on shares of Sirius XM in a report on Thursday, June 26th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $28.00 target price on shares of Sirius XM in a report on Friday, August 1st. One equities research 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $26.18.
Check Out Our Latest Research Report on Sirius XM
Sirius XM Price Performance
Sirius XM stock traded up $0.42 during midday trading on Wednesday, hitting $23.53. 2,755,529 shares of the company's stock were exchanged, compared to its average volume of 3,824,359. Sirius XM Holdings Inc. has a 52-week low of $18.69 and a 52-week high of $31.40. The stock has a 50-day moving average price of $23.08 and a two-hundred day moving average price of $22.52. The company has a market cap of $7.92 billion, a P/E ratio of -3.49, a PEG ratio of 0.36 and a beta of 0.95. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.41 and a current ratio of 0.41.
Sirius XM (NASDAQ:SIRI - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.79 by ($0.22). Sirius XM had a negative net margin of 26.41% and a positive return on equity of 3.73%. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the company earned $0.80 EPS. The firm's revenue was down 1.8% compared to the same quarter last year. Sirius XM has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.
Sirius XM Dividend Announcement
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 $0.27 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.08 annualized dividend and a yield of 4.6%. Sirius XM's payout ratio is currently -16.00%.
Sirius XM Company Profile
(
Free Report)
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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