Ninety One UK Ltd Purchases 150,261 Shares of Sirius XM Holdings Inc. $SIRI

Key Points

• Ninety One UK Ltd increased its holdings in Sirius XM Holdings Inc. by 78.3%, acquiring an additional 150,261 shares, bringing its total to 342,090 shares valued at approximately $7.86 million.
• Sirius XM recently announced a quarterly dividend of $0.27 per share, with a yield of 4.8% and a negative payout ratio of -16.00%.
• Analysts have different views on Sirius XM, with price targets ranging from $18.00 to $29.00, reflecting a consensus rating of "Hold" with a price target of $26.70.

Ninety One UK Ltd raised its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 78.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 342,090 shares of the company's stock after acquiring an additional 150,261 shares during the period. Ninety One UK Ltd owned about 0.10% of Sirius XM worth $7,858,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in SIRI. Brighton Jones LLC bought a new position in shares of Sirius XM during the fourth quarter valued at about $622,000. Two Sigma Investments LP purchased a new stake in Sirius XM during the 4th quarter valued at about $670,000. Wealth Enhancement Advisory Services LLC grew its position in Sirius XM by 42.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 99,595 shares of the company's stock worth $2,271,000 after acquiring an additional 29,839 shares during the last quarter. GAMMA Investing LLC grew its position in Sirius XM by 6,362.1% during the 1st quarter. GAMMA Investing LLC now owns 20,291 shares of the company's stock worth $458,000 after acquiring an additional 19,977 shares during the last quarter. Finally, Merit Financial Group LLC increased its stake in Sirius XM by 101.8% in the 1st quarter. Merit Financial Group LLC now owns 20,254 shares of the company's stock worth $457,000 after purchasing an additional 10,215 shares during the period. Hedge funds and other institutional investors own 10.69% of the company's stock.

Analysts Set New Price Targets

SIRI has been the subject of a number of analyst reports. Morgan Stanley increased their price objective on Sirius XM from $21.00 to $22.00 and gave the company an "underweight" rating in a research note on Wednesday, July 16th. Zacks Research raised shares of Sirius XM from a "strong sell" rating to a "hold" rating in a research report on Friday, August 15th. Barrington Research reissued an "outperform" rating and issued a $28.00 price target on shares of Sirius XM in a report on Friday, August 1st. Wells Fargo & Company decreased their price objective 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. Finally, Guggenheim reaffirmed a "buy" rating and set a $29.00 price objective on shares of Sirius XM in a research note on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Sirius XM has a consensus rating of "Hold" and a consensus price target of $26.70.

Sirius XM Price Performance

SIRI stock opened at $22.66 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.41 and a quick ratio of 0.41. Sirius XM Holdings Inc. has a 1 year low of $18.69 and a 1 year high of $29.18. The firm has a 50-day moving average of $22.88 and a 200 day moving average of $22.39. The company has a market cap of $7.63 billion, a P/E ratio of -3.36, a PEG ratio of 0.35 and a beta of 0.93.

Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.22). Sirius XM had a negative net margin of 26.41% and a positive return on equity of 3.73%. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the firm posted $0.80 earnings per share. The business's revenue was down 1.8% compared to the same quarter last year. Sirius XM has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast 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. Shareholders of record on Friday, August 8th were issued a $0.27 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.08 dividend on an annualized basis and a yield of 4.8%. Sirius XM's dividend payout ratio is -16.00%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.