Janney Montgomery Scott LLC Has $1.82 Million Stake in Sirius XM Holdings Inc. $SIRI

Key Points

• Janney Montgomery Scott LLC reduced its stake in Sirius XM Holdings by 28.2%, owning 79,407 shares valued at approximately $1.82 million after selling 31,127 shares in Q2.
• Sirius XM stock is currently down 5.4%, with a market capitalization of $7.05 billion and a twelve-month stock price range between $18.69 and $29.18.
• The company reported Q2 earnings of $0.57 EPS, missing analysts’ expectations, while maintaining a quarterly dividend payout of $0.27, yielding 5.2%.

Janney Montgomery Scott LLC lessened its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 28.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 79,407 shares of the company's stock after selling 31,127 shares during the period. Janney Montgomery Scott LLC's holdings in Sirius XM were worth $1,824,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in Sirius XM in the 1st quarter valued at about $25,000. Deseret Mutual Benefit Administrators grew its stake in Sirius XM by 79.3% in the first quarter. Deseret Mutual Benefit Administrators now owns 1,594 shares of the company's stock valued at $36,000 after acquiring an additional 705 shares during the period. Geneos Wealth Management Inc. grew its stake in Sirius XM by 36.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company's stock valued at $41,000 after acquiring an additional 493 shares during the period. Golden State Wealth Management LLC increased its holdings 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 acquiring an additional 1,958 shares in the last quarter. Finally, Richards Merrill & Peterson Inc. acquired a new position in shares of Sirius XM during the first quarter worth approximately $52,000. 10.69% of the stock is owned by institutional investors.

Sirius XM Stock Down 5.4%

Sirius XM stock opened at $20.93 on Friday. The firm has a 50 day moving average price of $22.83 and a 200-day moving average price of $22.33. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.89. Sirius XM Holdings Inc. has a twelve month low of $18.69 and a twelve month high of $29.18. The company has a market capitalization of $7.05 billion, a P/E ratio of -3.10, a P/E/G ratio of 0.32 and a beta of 0.93.

Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its quarterly 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 positive return on equity of 3.73% and a negative net margin of 26.41%.The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the firm posted $0.80 EPS. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. Sirius XM has set its FY 2025 guidance at EPS. As a group, equities analysts predict 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 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 5.2%. The ex-dividend date was Friday, August 8th. Sirius XM's payout ratio is currently -16.00%.

Analysts Set New Price Targets

SIRI has been the subject of several research reports. Wells Fargo & Company reduced their price target on shares of Sirius XM from $19.00 to $18.00 and set an "underweight" rating for the company in a research report on Friday, August 1st. Barrington Research reiterated an "outperform" rating and set a $28.00 price objective on shares of Sirius XM in a report on Friday, August 1st. Rosenblatt Securities upped their target price on shares of Sirius XM from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Monday, August 4th. Guggenheim reaffirmed a "buy" rating and issued a $29.00 price target on shares of Sirius XM in a research report on Thursday, June 26th. Finally, Morgan Stanley boosted their price objective on Sirius XM from $21.00 to $22.00 and gave the stock an "underweight" rating in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and five have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Sirius XM currently has an average rating of "Hold" and a consensus target price of $26.70.

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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