Ninety One UK Ltd Purchases 14,718 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Ninety One UK Ltd grew its position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 8.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 191,829 shares of the company's stock after purchasing an additional 14,718 shares during the quarter. Ninety One UK Ltd owned approximately 0.06% of Sirius XM worth $4,325,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Rosenblatt Securities dropped their target price on shares of Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Guggenheim reaffirmed a "buy" rating and set a $29.00 target price on shares of Sirius XM in a research report on Thursday, June 26th. Seaport Res Ptn raised shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Wells Fargo & Company boosted their target price on shares of Sirius XM from $16.00 to $19.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 2nd. Finally, Barrington Research reaffirmed an "outperform" rating and set a $28.00 target price on shares of Sirius XM in a research report on Friday, May 2nd. Six investment analysts have rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $26.42.

Sirius XM Price Performance

Shares of NASDAQ:SIRI traded down $0.28 on Friday, hitting $24.21. The stock had a trading volume of 2,070,823 shares, compared to its average volume of 4,833,950. Sirius XM Holdings Inc. has a twelve month low of $18.69 and a twelve month high of $41.20. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The firm's 50 day moving average price is $22.37 and its 200-day moving average price is $22.61. The company has a market capitalization of $8.18 billion, a price-to-earnings ratio of -3.71, a price-to-earnings-growth ratio of 0.35 and a beta of 0.92.

Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.59 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the prior year, the firm posted $0.07 EPS. The firm's revenue for the quarter was down 4.3% on a year-over-year basis. On average, equities research analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th were paid a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 4.46%. Sirius XM's dividend payout ratio is presently -16.56%.

Insider Activity at Sirius XM

In related 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 transaction, the director owned 15,471 shares in the company, valued at $344,539.17. This represents a 9.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.32% of the company's stock.

About Sirius XM

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.