Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Sold by Inlight Wealth Management LLC

Inlight Wealth Management LLC lowered its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 17.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,301 shares of the company's stock after selling 19,967 shares during the period. Sirius XM accounts for 0.7% of Inlight Wealth Management LLC's investment portfolio, making the stock its 27th largest holding. Inlight Wealth Management LLC's holdings in Sirius XM were worth $2,081,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SIRI. Brighton Jones LLC acquired a new stake in Sirius XM during the 4th quarter worth $622,000. State of New Jersey Common Pension Fund D lifted its stake in shares of Sirius XM by 15.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 83,439 shares of the company's stock worth $1,902,000 after acquiring an additional 11,243 shares during the period. Truist Financial Corp acquired a new stake in shares of Sirius XM in the 4th quarter worth $253,000. Private Advisor Group LLC acquired a new stake in shares of Sirius XM in the 4th quarter worth $237,000. Finally, Ieq Capital LLC acquired a new stake in shares of Sirius XM in the 4th quarter worth $1,541,000. Institutional investors and hedge funds own 10.69% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SIRI. 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. Barrington Research restated an "outperform" rating and set a $28.00 target price on shares of Sirius XM in a report on Friday, May 2nd. Finally, Rosenblatt Securities dropped 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. Six investment analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $26.65.

Sirius XM Stock Performance

Shares of SIRI opened at $21.75 on Friday. Sirius XM Holdings Inc. has a 1 year low of $18.69 and a 1 year high of $41.60. The company has a market cap of $7.35 billion, a price-to-earnings ratio of -3.34, a price-to-earnings-growth ratio of 0.31 and a beta of 0.91. 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 firm has a fifty day moving average of $21.55 and a 200-day moving average of $22.68.

Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its quarterly earnings data 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 positive return on equity of 6.77% and a negative net margin of 25.00%. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the company earned $0.07 EPS. The business's revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, equities 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 disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th were issued 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 4.97%. Sirius XM's payout ratio is presently -16.56%.

Insiders Place Their Bets

In other Sirius XM news, Director Kristina Salen sold 1,651 shares of Sirius XM stock in a transaction dated 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 now owns 15,471 shares of the company's stock, valued at $344,539.17. The trade was a 9.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.32% of the company's stock.

About Sirius XM

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.

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