Penserra Capital Management LLC Buys 25,925 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Penserra Capital Management LLC increased its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 22.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 140,109 shares of the company's stock after buying an additional 25,925 shares during the quarter. Penserra Capital Management LLC's holdings in Sirius XM were worth $3,158,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SIRI. Berkshire Hathaway Inc increased its holdings in Sirius XM by 11.7% in the 4th quarter. Berkshire Hathaway Inc now owns 117,468,573 shares of the company's stock worth $2,678,283,000 after purchasing an additional 12,313,544 shares in the last quarter. Geode Capital Management LLC increased its holdings in Sirius XM by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 3,914,785 shares of the company's stock worth $89,284,000 after purchasing an additional 154,765 shares in the last quarter. LSV Asset Management acquired a new position in Sirius XM in the 4th quarter worth about $51,535,000. Brandywine Global Investment Management LLC increased its holdings in Sirius XM by 7.3% in the 4th quarter. Brandywine Global Investment Management LLC now owns 2,218,017 shares of the company's stock worth $50,571,000 after purchasing an additional 150,744 shares in the last quarter. Finally, Epoch Investment Partners Inc. increased its holdings in Sirius XM by 43.3% in the 4th quarter. Epoch Investment Partners Inc. now owns 2,068,251 shares of the company's stock worth $47,156,000 after purchasing an additional 625,044 shares in the last quarter. 10.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Sirius XM Trading Down 0.2%

NASDAQ SIRI traded down $0.04 during trading hours on Wednesday, hitting $24.40. 858,533 shares of the company's stock were exchanged, compared to its average volume of 4,839,012. The stock has a 50-day simple moving average of $22.14 and a 200 day simple moving average of $22.58. Sirius XM Holdings Inc. has a 1-year low of $18.69 and a 1-year high of $41.20. The firm has a market cap of $8.24 billion, a price-to-earnings ratio of -3.75, a PEG ratio of 0.34 and a beta of 0.92. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.11). The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.09 billion. Sirius XM had a positive return on equity of 6.77% and a negative net margin of 25.00%. The firm's revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.07 EPS. On average, equities analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders 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 annualized dividend and a yield of 4.43%. Sirius XM's payout ratio is currently -16.56%.

Insider Transactions at Sirius XM

In other Sirius XM news, Director Kristina Salen sold 1,651 shares of the stock in a transaction that occurred 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 transaction, the director owned 15,471 shares in the company, valued at approximately $344,539.17. This represents a 9.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.79% 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.