197,096 Shares in Sirius XM Holdings Inc. $SIRI Acquired by Quantbot Technologies LP

Key Points

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Quantbot Technologies LP bought a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 197,096 shares of the company's stock, valued at approximately $4,444,000. Quantbot Technologies LP owned 0.06% of Sirius XM at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SIRI. Penn Mutual Asset Management acquired a new stake in Sirius XM in the 1st quarter worth $225,000. Algert Global LLC lifted its stake in shares of Sirius XM by 36.1% in the first quarter. Algert Global LLC now owns 155,272 shares of the company's stock valued at $3,501,000 after buying an additional 41,170 shares during the period. Aldebaran Capital LLC grew its position in Sirius XM by 93.2% during the first quarter. Aldebaran Capital LLC now owns 83,285 shares of the company's stock worth $1,878,000 after buying an additional 40,172 shares in the last quarter. Knuff & Co LLC grew its position in Sirius XM by 2.1% during the first quarter. Knuff & Co LLC now owns 49,332 shares of the company's stock worth $1,112,000 after buying an additional 1,000 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in Sirius XM by 11.7% during the first quarter. Raymond James Financial Inc. now owns 949,582 shares of the company's stock valued at $21,408,000 after acquiring an additional 99,389 shares during the period. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on SIRI shares. Rosenblatt Securities raised their price objective on Sirius XM from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Barrington Research reaffirmed an "outperform" rating and issued a $28.00 target price on shares of Sirius XM in a research report on Friday, August 1st. Wells Fargo & Company decreased their price target on shares of Sirius XM from $19.00 to $18.00 and set an "underweight" rating on the stock in a research note on Friday, August 1st. Morgan Stanley increased their price objective on shares of Sirius XM from $21.00 to $22.00 and gave the company an "underweight" rating in a research note on Wednesday, July 16th. Finally, Zacks Research raised shares of Sirius XM from a "strong sell" rating to a "hold" rating in a report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $26.18.

Insiders Place Their Bets

In other Sirius XM 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 transaction of $36,767.77. Following the transaction, the director owned 15,471 shares of the company's stock, valued at approximately $344,539.17. This represents a 9.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.32% of the stock is owned by company insiders.

Sirius XM Price Performance

Shares of NASDAQ:SIRI traded up $1.18 during midday trading on Friday, reaching $23.44. The company's stock had a trading volume of 3,752,752 shares, compared to its average volume of 4,956,021. The business's fifty day simple moving average is $22.83 and its 200-day simple moving average is $22.66. 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 fifty-two week low of $18.69 and a fifty-two week high of $33.35. The company has a market capitalization of $7.89 billion, a P/E ratio of -3.47, a P/E/G ratio of 0.34 and a beta of 0.92.

Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.79 by ($0.22). The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.13 billion. Sirius XM had a positive return on equity of 3.73% and a negative net margin of 26.41%.The firm's revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 EPS. Sirius XM has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Friday, August 8th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.6%. Sirius XM's dividend payout ratio (DPR) is currently -16.00%.

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.