Lodestone Wealth Management LLC Makes New $358,000 Investment in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Lodestone Wealth Management LLC bought a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 15,879 shares of the company's stock, valued at approximately $358,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Berkshire Hathaway Inc lifted its position in Sirius XM by 11.7% during the fourth quarter. Berkshire Hathaway Inc now owns 117,468,573 shares of the company's stock valued at $2,678,283,000 after purchasing an additional 12,313,544 shares during the period. Geode Capital Management LLC raised its stake in Sirius XM by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 3,914,785 shares of the company's stock valued at $89,284,000 after buying an additional 154,765 shares during the last quarter. Seizert Capital Partners LLC lifted its holdings in shares of Sirius XM by 16.3% during the 4th quarter. Seizert Capital Partners LLC now owns 2,269,616 shares of the company's stock valued at $51,747,000 after buying an additional 317,289 shares during the period. LSV Asset Management purchased a new position in shares of Sirius XM in the 4th quarter worth $51,535,000. Finally, Brandywine Global Investment Management LLC boosted its stake in shares of Sirius XM by 7.3% in the 4th quarter. Brandywine Global Investment Management LLC now owns 2,218,017 shares of the company's stock worth $50,571,000 after buying an additional 150,744 shares during the last quarter. 10.69% of the stock is owned by institutional investors.

Insider Activity at Sirius XM

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 transaction of $36,767.77. Following the completion of the sale, the director owned 15,471 shares in the company, valued at approximately $344,539.17. This trade represents a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.79% of the stock is owned by insiders.

Sirius XM Stock Performance

Sirius XM stock traded up $0.44 during midday trading on Friday, hitting $24.39. The stock had a trading volume of 2,624,869 shares, compared to its average volume of 4,866,470. Sirius XM Holdings Inc. has a 52-week low of $18.69 and a 52-week high of $41.20. The company has a market capitalization of $8.24 billion, a PE ratio of -3.74, a P/E/G ratio of 0.34 and a beta of 0.92. The firm's fifty day moving average is $22.05 and its two-hundred day moving average is $22.56. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93.

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

Sirius XM Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 4.43%. Sirius XM's dividend payout ratio is presently -16.56%.

Analyst Upgrades and Downgrades

SIRI has been the subject of a number of research reports. Guggenheim reiterated a "buy" rating and set a $29.00 price objective on shares of Sirius XM in a research report on Thursday, June 26th. Barrington Research restated an "outperform" rating and set a $28.00 price target on shares of Sirius XM in a research note on Friday, May 2nd. Wells Fargo & Company increased their price objective on shares of Sirius XM from $16.00 to $19.00 and gave the stock an "underweight" rating in a research note on Wednesday. Rosenblatt Securities dropped their price objective on shares of Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a 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 report on Tuesday, April 8th. Six research analysts have rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $26.42.

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.