Sirius XM Holdings Inc. (NASDAQ:SIRI) is swisspartners Advisors Ltd's 9th Largest Position

swisspartners Advisors Ltd increased its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 107.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 301,296 shares of the company's stock after acquiring an additional 155,818 shares during the period. Sirius XM makes up 6.3% of swisspartners Advisors Ltd's investment portfolio, making the stock its 9th largest holding. swisspartners Advisors Ltd owned about 0.09% of Sirius XM worth $6,794,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SIRI. Opal Wealth Advisors LLC bought a new stake in shares of Sirius XM in the 1st quarter worth approximately $25,000. Putney Financial Group LLC purchased a new position in Sirius XM during the fourth quarter valued at $27,000. First Command Advisory Services Inc. bought a new stake in Sirius XM in the fourth quarter worth $30,000. Itau Unibanco Holding S.A. grew its stake 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 worth $42,000 after acquiring an additional 1,321 shares during the last quarter. Finally, Gables Capital Management Inc. bought a new position in shares of Sirius XM during the fourth quarter valued at $43,000. Hedge funds and other institutional investors own 10.69% of the company's stock.

Insider Transactions at Sirius XM

In other Sirius XM news, Director Kristina Salen sold 1,651 shares of the company'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 transaction of $36,767.77. Following the completion of the sale, the director now directly owns 15,471 shares of the company's stock, valued at approximately $344,539.17. This represents a 9.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.32% of the company's stock.

Sirius XM Stock Up 0.3%

Shares of Sirius XM stock opened at $22.51 on Friday. Sirius XM Holdings Inc. has a twelve month low of $18.69 and a twelve month high of $41.60. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. The company's 50 day moving average is $21.71 and its 200 day moving average is $22.56. The company has a market cap of $7.61 billion, a price-to-earnings ratio of -3.45, a price-to-earnings-growth ratio of 0.32 and a beta of 0.91.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.59 earnings per share 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 for the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the company earned $0.07 earnings per share. Sirius XM's quarterly revenue was down 4.3% compared to the same quarter last year. Research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend was Friday, May 9th. Sirius XM's payout ratio is currently -16.56%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SIRI shares. Seaport Res Ptn upgraded shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Rosenblatt Securities decreased their target price on shares of Sirius XM from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Barrington Research reiterated an "outperform" rating and issued a $28.00 target price on shares of Sirius XM in a research note on Friday, May 2nd. Finally, Guggenheim reissued a "buy" rating and set a $29.00 price target on shares of Sirius XM in a research report on Thursday. Six investment analysts have rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $26.17.

Sirius XM 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.