Innealta Capital LLC Acquires New Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Innealta Capital LLC bought a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 13,212 shares of the company's stock, valued at approximately $298,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Opal Wealth Advisors LLC acquired a new position in Sirius XM in the 1st quarter worth $25,000. Union Bancaire Privee UBP SA acquired a new position in Sirius XM in the 4th quarter worth $26,000. Putney Financial Group LLC acquired a new position in Sirius XM in the 4th quarter worth $27,000. First Command Advisory Services Inc. acquired a new position in Sirius XM in the 4th quarter worth $30,000. Finally, 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 buying an additional 1,321 shares in the last quarter. Institutional investors and hedge funds own 10.69% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on SIRI. 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. Rosenblatt Securities dropped their target price on shares of Sirius XM from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Finally, Seaport Res Ptn raised shares of 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 assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $26.65.

Sirius XM Price Performance

Shares of NASDAQ:SIRI traded up $0.16 on Monday, reaching $21.91. 2,657,988 shares of the company traded hands, compared to its average volume of 4,982,135. Sirius XM Holdings Inc. has a fifty-two week low of $18.69 and a fifty-two week high of $41.60. The company's 50 day moving average is $21.55 and its 200-day moving average is $22.65. The stock has a market capitalization of $7.40 billion, a PE ratio of -3.36, a P/E/G ratio of 0.31 and a beta of 0.91. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.59 EPS 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 for the quarter, compared to analysts' expectations of $2.09 billion. During the same period in the prior year, the company earned $0.07 earnings per share. The company's revenue for the quarter was down 4.3% on a year-over-year basis. As a group, analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.93%. The ex-dividend date was Friday, May 9th. Sirius XM's dividend payout ratio is -16.56%.

Insider Activity

In related news, Director Kristina Salen sold 1,651 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $22.27, for a total value of $36,767.77. Following the completion of the sale, the director now directly owns 15,471 shares of the company's stock, valued at approximately $344,539.17. This represents a 9.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.79% of the stock is currently owned by company insiders.

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.