LPL Financial LLC grew its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 83.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 190,991 shares of the company's stock after acquiring an additional 87,031 shares during the quarter. LPL Financial LLC owned about 0.06% of Sirius XM worth $4,306,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in SIRI. Berkshire Hathaway Inc increased its holdings in shares of Sirius XM by 11.7% in the 4th quarter. Berkshire Hathaway Inc now owns 117,468,573 shares of the company's stock valued at $2,678,283,000 after acquiring an additional 12,313,544 shares during the last quarter. Toronto Dominion Bank acquired a new stake in shares of Sirius XM in the 4th quarter valued at about $22,398,000. Ensign Peak Advisors Inc acquired a new stake in shares of Sirius XM in the 4th quarter valued at about $19,052,000. Ameriprise Financial Inc. boosted its position in shares of Sirius XM by 69.3% in the 4th quarter. Ameriprise Financial Inc. now owns 1,651,891 shares of the company's stock valued at $37,663,000 after purchasing an additional 675,924 shares during the period. Finally, Epoch Investment Partners Inc. boosted its position in shares of Sirius XM by 43.3% in the 4th quarter. Epoch Investment Partners Inc. now owns 2,068,251 shares of the company's stock valued at $47,156,000 after purchasing an additional 625,044 shares during the period. Hedge funds and other institutional investors own 10.69% of the company's stock.
Sirius XM Stock Up 4.8%
Sirius XM stock opened at $23.49 on Friday. The stock has a market capitalization of $7.91 billion, a price-to-earnings ratio of -3.48, a PEG ratio of 0.34 and a beta of 0.92. The stock has a 50 day moving average of $22.75 and a two-hundred day moving average of $22.68. Sirius XM Holdings Inc. has a twelve month low of $18.69 and a twelve month high of $36.40. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.89.
Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its earnings results 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 business had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.13 billion. Sirius XM had a positive return on equity of 3.73% and a negative net margin of 26.41%. The business's quarterly revenue was down 1.8% on a year-over-year basis. During the same period last year, the company posted $0.80 earnings per share. As a group, research analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.
Sirius XM Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Friday, August 8th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.08 annualized dividend and a yield of 4.6%. Sirius XM's dividend payout ratio (DPR) is presently -16.00%.
Wall Street Analyst Weigh In
SIRI has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their target price on Sirius XM from $19.00 to $18.00 and set an "underweight" rating for the company in a research report on Friday, August 1st. Rosenblatt Securities upped their target price on Sirius XM from $22.00 to $23.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. Guggenheim reissued a "buy" rating and issued a $29.00 target price on shares of Sirius XM in a research report on Thursday, June 26th. Morgan Stanley upped their target price on Sirius XM from $21.00 to $22.00 and gave the company an "underweight" rating in a research report on Wednesday, July 16th. Finally, Barrington Research reissued an "outperform" rating and issued a $28.00 target price on shares of Sirius XM in a research report on Friday, August 1st. Six equities research analysts have rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $26.18.
Read Our Latest Stock Analysis on Sirius XM
Insiders Place Their Bets
In other Sirius XM news, Director Kristina Salen sold 1,651 shares of the firm's stock in a transaction on 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 transaction, the director owned 15,471 shares of the company's stock, 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 filing with the SEC, which is accessible through this link. Insiders own 3.32% of the company's stock.
Sirius XM Profile
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Free Report)
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.
Featured Stories
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