Sirius XM Holdings Inc. (NASDAQ:SIRI) Position Boosted by swisspartners Advisors Ltd

swisspartners Advisors Ltd lifted its position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 107.1% in the 1st quarter, according to its most recent 13F filing with the 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 accounts for about 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 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Berkshire Hathaway Inc raised its position in shares of 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 acquiring an additional 12,313,544 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Sirius XM by 58.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 50,618 shares of the company's stock worth $1,154,000 after acquiring an additional 18,720 shares in the last quarter. Edgestream Partners L.P. bought a new position in shares of Sirius XM in the 4th quarter worth approximately $1,725,000. Truist Financial Corp bought a new position in Sirius XM during the 4th quarter valued at approximately $253,000. Finally, Sequoia Financial Advisors LLC bought a new position in Sirius XM during the 4th quarter valued at approximately $372,000. Institutional investors own 10.69% of the company's stock.

Wall Street Analyst Weigh In

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

Sirius XM Stock Performance

Shares of SIRI stock traded up $0.41 on Monday, reaching $22.97. The stock had a trading volume of 3,132,385 shares, compared to its average volume of 4,930,518. The stock has a market cap of $7.76 billion, a P/E ratio of -3.52, a price-to-earnings-growth ratio of 0.32 and a beta of 0.91. 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 quick ratio of 0.42 and a current ratio of 0.42. The company has a 50 day simple moving average of $21.81 and a 200 day simple moving average of $22.50.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.11). The firm had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.09 billion. Sirius XM had a positive return on equity of 6.77% and a negative net margin of 25.00%. The business's quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the business earned $0.07 earnings per share. Equities research analysts expect that Sirius XM Holdings Inc. will post 3.2 EPS 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 given a dividend of $0.27 per share. The ex-dividend date was Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 4.70%. Sirius XM's dividend payout ratio (DPR) is presently -16.56%.

Insiders Place Their Bets

In related news, Director Kristina Salen sold 1,651 shares of Sirius XM 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 directly owned 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 is accessible through the SEC website. Company insiders own 0.79% of the company's stock.

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.