Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 269.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 129,076 shares of the company's stock after purchasing an additional 94,109 shares during the period. SG Americas Securities LLC's holdings in Sirius XM were worth $2,910,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Check Capital Management Inc. CA increased its position in Sirius XM by 597.7% during the 4th quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company's stock valued at $26,123,000 after purchasing an additional 981,517 shares during the period. Berkshire Hathaway Inc raised its holdings in 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 during the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Sirius XM by 15.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 83,439 shares of the company's stock worth $1,902,000 after purchasing an additional 11,243 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in Sirius XM by 58.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 50,618 shares of the company's stock valued at $1,154,000 after acquiring an additional 18,720 shares during the period. Finally, Edgestream Partners L.P. bought a new position in Sirius XM during the fourth quarter valued at approximately $1,725,000. Institutional investors own 10.69% of the company's stock.

Wall Street Analysts Forecast Growth

SIRI has been the topic of several research reports. Rosenblatt Securities dropped their target price on Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Barrington Research reissued an "outperform" rating and set a $28.00 price target on shares of Sirius XM in a report on Friday, May 2nd. Finally, 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. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Sirius XM has an average rating of "Hold" and a consensus target price of $26.65.

Sirius XM Trading Up 0.8%

Shares of SIRI stock traded up $0.17 on Wednesday, reaching $21.62. 1,546,604 shares of the company's stock were exchanged, compared to its average volume of 5,106,415. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The company's fifty day simple moving average is $21.48 and its 200 day simple moving average is $22.81. Sirius XM Holdings Inc. has a 52 week low of $18.69 and a 52 week high of $41.60. The stock has a market capitalization of $7.31 billion, a PE ratio of -3.31, a P/E/G ratio of 0.31 and a beta of 0.91.

Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its 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). 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 last year, the firm earned $0.07 earnings per share. The company's revenue for the quarter was down 4.3% on a year-over-year basis. As a group, analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 5.00%. Sirius XM's dividend payout ratio (DPR) is presently -16.56%.

Insider Buying and Selling at Sirius XM

In other Sirius XM news, Director Kristina Salen sold 1,651 shares of the business'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 sale, the director now owns 15,471 shares of the company's stock, valued at approximately $344,539.17. The trade was a 9.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.79% of the stock is owned by 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.