Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Acquired by Blueshift Asset Management LLC

Key Points

• Blueshift Asset Management LLC significantly increased its holdings in Sirius XM by 983.7%, owning 149,772 shares worth approximately $3.38 million, making it the firm's 6th largest investment.
• Sirius XM reported a miss in earnings with $0.57 EPS, falling short of the $0.76 consensus estimate, and a 1.8% decline in revenue year-over-year.
• The company declared a quarterly dividend of $0.27 per share, signifying an annual yield of 5.1%, despite a current dividend payout ratio of -16.56%.

Blueshift Asset Management LLC increased its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 983.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 149,772 shares of the company's stock after acquiring an additional 135,952 shares during the period. Sirius XM makes up approximately 1.3% of Blueshift Asset Management LLC's portfolio, making the stock its 6th biggest holding. Blueshift Asset Management LLC's holdings in Sirius XM were worth $3,377,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SIRI. Berkshire Hathaway Inc grew its position in Sirius XM by 11.7% during the fourth quarter. Berkshire Hathaway Inc now owns 117,468,573 shares of the company's stock worth $2,678,283,000 after buying an additional 12,313,544 shares during the period. Geode Capital Management LLC grew its position in Sirius XM by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 3,914,785 shares of the company's stock worth $89,284,000 after buying an additional 154,765 shares during the period. Seizert Capital Partners LLC grew its position in Sirius XM by 0.5% during the first quarter. Seizert Capital Partners LLC now owns 2,281,165 shares of the company's stock worth $51,429,000 after buying an additional 11,549 shares during the period. LSV Asset Management acquired a new position in Sirius XM during the fourth quarter worth about $51,535,000. Finally, Epoch Investment Partners Inc. grew its position in Sirius XM by 43.3% during the fourth quarter. Epoch Investment Partners Inc. now owns 2,068,251 shares of the company's stock worth $47,156,000 after buying an additional 625,044 shares during the period. Institutional investors and hedge funds own 10.69% of the company's stock.

Sirius XM Stock Down 7.9%

Shares of NASDAQ SIRI opened at $21.12 on Friday. Sirius XM Holdings Inc. has a 1 year low of $18.69 and a 1 year high of $36.40. The firm's 50 day moving average price is $22.80 and its 200 day moving average price is $22.71. The firm has a market cap of $7.14 billion, a P/E ratio of -3.24, a price-to-earnings-growth ratio of 0.33 and a beta of 0.92. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.19). Sirius XM had a positive return on equity of 6.77% and a negative net margin of 25.00%. During the same quarter last year, the business posted $0.80 EPS. Sirius XM's revenue for the quarter was down 1.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.08 dividend on an annualized basis and a yield of 5.1%. Sirius XM's dividend payout ratio (DPR) is currently -16.56%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SIRI. Rosenblatt Securities lowered their target price 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. Wells Fargo & Company increased their price target on shares of Sirius XM from $16.00 to $19.00 and gave the company an "underweight" rating in a research report on Wednesday, July 2nd. Seaport Res Ptn upgraded shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Guggenheim reiterated a "buy" rating and issued a $29.00 price target on shares of Sirius XM in a research report on Thursday, June 26th. Finally, Morgan Stanley increased their price target on shares of Sirius XM from $21.00 to $22.00 and gave the company an "underweight" rating in a research report on Wednesday, July 16th. Six equities research analysts have rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $26.50.

Insiders Place Their Bets

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 shares were 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 $344,539.17. This trade represents a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.32% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding SIRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report).

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.