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

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

Other institutional investors also recently modified their holdings of the company. Opal Wealth Advisors LLC purchased a new position in Sirius XM during the 1st quarter worth approximately $25,000. Putney Financial Group LLC purchased a new position in Sirius XM during the 4th quarter worth approximately $27,000. Deseret Mutual Benefit Administrators grew its position in Sirius XM by 79.3% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,594 shares of the company's stock worth $36,000 after purchasing an additional 705 shares in the last quarter. Itau Unibanco Holding S.A. grew its position in Sirius XM by 255.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company's stock worth $42,000 after purchasing an additional 1,321 shares in the last quarter. Finally, Gables Capital Management Inc. purchased a new position in Sirius XM during the 4th quarter worth approximately $43,000. Institutional investors own 10.69% of the company's stock.

Insider Transactions at Sirius XM

In other news, Director Kristina Salen sold 1,651 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $22.27, for a total transaction of $36,767.77. Following the completion of the transaction, the director owned 15,471 shares of the company's stock, valued at approximately $344,539.17. This represents a 9.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barrington Research restated an "outperform" rating and set a $28.00 price target on shares of Sirius XM in a report on Friday, May 2nd. Seaport Res Ptn upgraded shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Rosenblatt Securities lowered their price target 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. Guggenheim restated a "buy" rating and set a $29.00 price target on shares of Sirius XM in a report on Thursday, June 26th. Finally, Wells Fargo & Company boosted their price target on shares of Sirius XM from $16.00 to $19.00 and gave the company an "underweight" rating in a report on Wednesday. Six analysts have rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Sirius XM has a consensus rating of "Hold" and an average price target of $26.42.

Sirius XM Stock Up 1.8%

NASDAQ:SIRI traded up $0.44 during trading hours on Friday, reaching $24.39. The company's stock had a trading volume of 2,624,869 shares, compared to its average volume of 4,866,470. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 0.34 and a beta of 0.92. Sirius XM Holdings Inc. has a one year low of $18.69 and a one year high of $41.20. The business's 50-day moving average is $22.05 and its 200-day moving average is $22.54. 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 issued 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). Sirius XM had a positive return on equity of 6.77% and a negative net margin of 25.00%. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company's revenue for the quarter was down 4.3% on a year-over-year basis. Equities research analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The company 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. This represents a $1.08 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date was Friday, May 9th. Sirius XM's dividend payout ratio (DPR) is -16.56%.

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.