SG Americas Securities LLC Grows Stake in Sirius XM Holdings Inc. (NASDAQ:SIRI)

SG Americas Securities LLC boosted its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 269.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 129,076 shares of the company's stock after acquiring an additional 94,109 shares during the quarter. SG Americas Securities LLC's holdings in Sirius XM were worth $2,910,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Yousif Capital Management LLC acquired a new stake in Sirius XM during the first quarter worth $294,000. Pallas Capital Advisors LLC acquired a new stake in shares of Sirius XM in the first quarter valued at $489,000. Farther Finance Advisors LLC grew its stake in shares of Sirius XM by 395.2% in the first quarter. Farther Finance Advisors LLC now owns 14,075 shares of the company's stock valued at $309,000 after buying an additional 11,233 shares in the last quarter. Columbia Asset Management acquired a new stake in shares of Sirius XM in the first quarter valued at $207,000. Finally, Merit Financial Group LLC grew its stake in shares of Sirius XM by 101.8% in the first quarter. Merit Financial Group LLC now owns 20,254 shares of the company's stock valued at $457,000 after buying an additional 10,215 shares in the last quarter. Institutional investors and hedge funds own 10.69% of the company's stock.

Sirius XM Price Performance

Shares of SIRI traded down $0.62 on Friday, reaching $21.29. The stock had a trading volume of 3,684,236 shares, compared to its average volume of 5,137,454. The firm has a market capitalization of $7.19 billion, a PE ratio of -3.32, a PEG ratio of 0.79 and a beta of 0.91. 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 firm has a 50-day moving average of $21.41 and a 200 day moving average of $22.88. Sirius XM Holdings Inc. has a twelve month low of $18.69 and a twelve month high of $41.60.

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 analysts' consensus estimates of $0.70 by ($0.11). The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.09 billion. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. The business's revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 EPS. Sell-side analysts expect that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Friday, May 9th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 5.07%. The ex-dividend date was Friday, May 9th. Sirius XM's dividend payout ratio (DPR) is currently -16.56%.

Insider Buying and Selling

In other Sirius XM news, Director Kristina Salen sold 1,651 shares of the firm's stock in a transaction dated 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 now directly owns 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 available through this hyperlink. Corporate insiders own 3.32% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SIRI shares. Barrington Research reaffirmed an "outperform" rating and issued a $28.00 price objective on shares of Sirius XM in a research note on Friday, May 2nd. 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. Finally, Seaport Res Ptn raised Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Six investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $26.65.

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.