Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Purchased by Nuveen Asset Management LLC

Nuveen Asset Management LLC lifted its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 20.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 599,357 shares of the company's stock after acquiring an additional 102,420 shares during the quarter. Nuveen Asset Management LLC owned 0.18% of Sirius XM worth $13,665,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Merit Financial Group LLC acquired a new stake in Sirius XM during the 4th quarter worth approximately $229,000. Janney Montgomery Scott LLC lifted its holdings in Sirius XM by 262.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 104,676 shares of the company's stock worth $2,387,000 after buying an additional 75,817 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in Sirius XM by 670.4% during the 4th quarter. Avior Wealth Management LLC now owns 2,080 shares of the company's stock worth $47,000 after buying an additional 1,810 shares in the last quarter. Brighton Jones LLC acquired a new stake in Sirius XM during the 4th quarter worth approximately $622,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Sirius XM by 574.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock worth $31,000 after buying an additional 1,144 shares in the last quarter. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Sirius XM

In related news, Director Kristina Salen sold 1,651 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $22.27, for a total value of $36,767.77. Following the completion of the sale, the director now directly owns 15,471 shares in the company, valued at approximately $344,539.17. The trade was a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.32% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have commented on SIRI. Barrington Research reissued an "outperform" rating and issued a $28.00 price objective on shares of Sirius XM in a research report on Friday, May 2nd. 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. Guggenheim dropped their price objective on shares of Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Finally, Rosenblatt Securities dropped their price objective 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. Six research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Sirius XM currently has a consensus rating of "Hold" and an average target price of $26.65.

Sirius XM Stock Performance

Shares of NASDAQ SIRI remained flat at $22.39 during midday trading on Thursday. 2,029,015 shares of the stock were exchanged, compared to its average volume of 5,129,295. The stock has a market capitalization of $7.57 billion, a P/E ratio of -3.49, a P/E/G ratio of 0.79 and a beta of 0.90. Sirius XM Holdings Inc. has a 1-year low of $18.69 and a 1-year high of $41.60. 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 stock's 50-day simple moving average is $21.47 and its 200 day simple moving average is $23.26.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released its earnings results 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 24.03% and a positive return on equity of 13.44%. The company had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.09 billion. During the same quarter in the previous year, the firm posted $0.07 earnings per share. Sirius XM's revenue for the quarter was down 4.3% compared to the same quarter last year. On average, analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Friday, May 9th were issued a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 4.82%. Sirius XM's payout ratio 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.