Sirius XM Holdings Inc. (NASDAQ:SIRI) Stock Holdings Lifted by Ninety One UK Ltd

Ninety One UK Ltd raised its position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 8.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 191,829 shares of the company's stock after purchasing an additional 14,718 shares during the period. Ninety One UK Ltd owned about 0.06% of Sirius XM worth $4,325,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SIRI. Opal Wealth Advisors LLC acquired a new stake in Sirius XM in the first quarter valued at $25,000. Putney Financial Group LLC acquired a new stake in Sirius XM in the 4th quarter worth about $27,000. Deseret Mutual Benefit Administrators boosted its stake in Sirius XM by 79.3% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,594 shares of the company's stock worth $36,000 after buying an additional 705 shares during the last quarter. Itau Unibanco Holding S.A. boosted its stake in Sirius XM by 255.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company's stock worth $42,000 after buying an additional 1,321 shares during the last quarter. Finally, Gables Capital Management Inc. acquired a new stake in Sirius XM in the 4th quarter worth about $43,000. Institutional investors and hedge funds own 10.69% of the company's stock.

Sirius XM Stock Performance

NASDAQ:SIRI traded up $0.28 during midday trading on Thursday, reaching $24.55. 821,648 shares of the company traded hands, compared to its average volume of 4,831,916. Sirius XM Holdings Inc. has a twelve month low of $18.69 and a twelve month high of $41.20. The firm has a market capitalization of $8.29 billion, a price-to-earnings ratio of -3.76, a price-to-earnings-growth ratio of 0.35 and a beta of 0.92. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. The company has a fifty day moving average price of $22.19 and a 200 day moving average price of $22.59.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released 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 negative net margin of 25.00% and a positive return on equity of 6.77%. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the prior year, the firm earned $0.07 EPS. The company's revenue for the quarter was down 4.3% compared to the same quarter last year. On average, analysts expect that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 4.40%. Sirius XM's dividend payout ratio (DPR) is -16.56%.

Insider Buying and Selling at Sirius XM

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Barrington Research restated an "outperform" rating and issued a $28.00 price objective on shares of Sirius XM in a report on Friday, May 2nd. Seaport Res Ptn upgraded Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Guggenheim reiterated a "buy" rating and set a $29.00 target price on shares of Sirius XM in a report on Thursday, June 26th. Wells Fargo & Company raised their target price on Sirius XM from $16.00 to $19.00 and gave the company an "underweight" rating in a report on Wednesday, July 2nd. Finally, Rosenblatt Securities dropped their target price on Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Six investment 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target 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.