Inlight Wealth Management LLC reduced its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 17.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,301 shares of the company's stock after selling 19,967 shares during the period. Sirius XM comprises approximately 0.7% of Inlight Wealth Management LLC's holdings, making the stock its 27th biggest position. Inlight Wealth Management LLC's holdings in Sirius XM were worth $2,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Brighton Jones LLC bought a new position in Sirius XM during the fourth quarter worth $622,000. State of New Jersey Common Pension Fund D lifted its position 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 buying an additional 11,243 shares during the last quarter. Truist Financial Corp acquired a new position in shares of Sirius XM in the 4th quarter valued at about $253,000. Private Advisor Group LLC acquired a new position in shares of Sirius XM in the 4th quarter valued at about $237,000. Finally, Ieq Capital LLC bought a new stake in shares of Sirius XM during the 4th quarter valued at about $1,541,000. Institutional investors and hedge funds own 10.69% of the company's stock.
Insider Activity
In other Sirius XM news, Director Kristina Salen sold 1,651 shares of the stock in a transaction 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 now directly owns 15,471 shares of the company's stock, valued at $344,539.17. This represents a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.32% of the stock is owned by insiders.
Sirius XM Price Performance
Shares of Sirius XM stock traded up $0.04 during trading on Wednesday, hitting $22.45. The stock had a trading volume of 2,134,759 shares, compared to its average volume of 4,959,974. The business has a fifty day moving average of $21.61 and a two-hundred day moving average of $22.61. Sirius XM Holdings Inc. has a fifty-two week low of $18.69 and a fifty-two week high of $41.60. The firm has a market cap of $7.59 billion, a P/E ratio of -3.44, a PEG ratio of 0.32 and a beta of 0.91. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42.
Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.11). The business 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 6.77% and a negative net margin of 25.00%. The business's revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 EPS. On average, sell-side analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.
Sirius XM Dividend Announcement
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 $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 4.81%. Sirius XM's payout ratio is -16.56%.
Analyst Upgrades and Downgrades
SIRI has been the topic of a number of recent research reports. 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. Rosenblatt Securities cut their price target on Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Finally, Seaport Res Ptn upgraded Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Six research analysts have rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $26.17.
Read Our Latest Stock Report on SIRI
About Sirius XM
(
Free Report)
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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