Krilogy Financial LLC Has $741,000 Stock Holdings in Sirius XM Holdings Inc. $SIRI

Key Points

• Krilogy Financial LLC increased its holdings in Sirius XM Holdings Inc. by 102.0%, purchasing an additional 16,293 shares during the second quarter, bringing their total to 32,272 shares worth approximately $741,000.
• Sirius XM posted $0.57 earnings per share for its recent quarter, missing estimates and showing a 1.8% decline in revenue compared to the same quarter last year.
• The company has declared a quarterly dividend of $0.27 per share, resulting in an annual yield of 4.6%, despite a negative dividend payout ratio of -16.00%.

Krilogy Financial LLC raised its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 102.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,272 shares of the company's stock after acquiring an additional 16,293 shares during the period. Krilogy Financial LLC's holdings in Sirius XM were worth $741,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SIRI. IFP Advisors Inc increased its holdings in shares of Sirius XM by 15.6% in the first quarter. IFP Advisors Inc now owns 17,133 shares of the company's stock valued at $386,000 after buying an additional 2,307 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Sirius XM by 29.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 47,214 shares of the company's stock valued at $1,064,000 after acquiring an additional 10,876 shares during the period. Cresset Asset Management LLC lifted its stake in shares of Sirius XM by 9.0% in the first quarter. Cresset Asset Management LLC now owns 11,463 shares of the company's stock valued at $258,000 after buying an additional 944 shares during the period. Ninety One UK Ltd raised its position in Sirius XM by 8.3% in the first quarter. Ninety One UK Ltd now owns 191,829 shares of the company's stock worth $4,325,000 after purchasing an additional 14,718 shares in the last quarter. Finally, Brighton Jones LLC acquired a new position in Sirius XM in the fourth quarter worth about $622,000. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Price Performance

Shares of NASDAQ:SIRI traded up $0.12 during midday trading on Friday, hitting $23.12. The stock had a trading volume of 5,100,908 shares, compared to its average volume of 3,052,338. The company's 50-day moving average price is $23.03 and its 200-day moving average price is $22.41. The company has a market capitalization of $7.79 billion, a P/E ratio of -3.43, a price-to-earnings-growth ratio of 0.35 and a beta of 0.95. 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 fifty-two week low of $18.69 and a fifty-two week high of $29.18.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.22). The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.13 billion. Sirius XM had a positive return on equity of 3.73% and a negative net margin of 26.41%.Sirius XM's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.80 earnings per share. Sirius XM has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Friday, August 8th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, August 8th. Sirius XM's dividend payout ratio is currently -16.00%.

Analyst Ratings Changes

SIRI has been the subject of several recent analyst reports. Rosenblatt Securities raised their price objective 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 objective on shares of Sirius XM in a research note on Thursday, June 26th. Barrington Research reaffirmed an "outperform" rating and issued a $28.00 price objective on shares of Sirius XM in a research note on Friday, August 1st. Morgan Stanley lifted their price target on shares of Sirius XM from $21.00 to $22.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 16th. Finally, Wells Fargo & Company reduced their price target on shares of Sirius XM from $19.00 to $18.00 and set an "underweight" rating on the stock in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Sirius XM presently has a consensus rating of "Hold" and an average price target of $26.18.

Sirius XM Company 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.