Amundi Boosts Holdings in Sirius XM Holdings Inc. $SIRI

Key Points

• Amundi significantly increased its stake in Sirius XM Holdings Inc. by 155.3%, owning a total of 156,465 shares worth approximately $3.3 million at the end of the last reporting period.
• Sirius XM reported a missed earnings consensus for the last quarter, with EPS at $0.57, below the expected $0.79, and a revenue decline of 1.8% year-over-year.
• The company's quarterly dividend of $0.27 per share was paid on August 27th, representing an annualized yield of 4.5%.

Amundi raised its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 155.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 156,465 shares of the company's stock after purchasing an additional 95,174 shares during the period. Amundi's holdings in Sirius XM were worth $3,306,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. IFP Advisors Inc boosted its position in shares of Sirius XM by 15.6% during the first quarter. IFP Advisors Inc now owns 17,133 shares of the company's stock valued at $386,000 after buying an additional 2,307 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Sirius XM by 29.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 47,214 shares of the company's stock valued at $1,064,000 after buying an additional 10,876 shares during the last quarter. Cresset Asset Management LLC boosted its position in shares of Sirius XM by 9.0% during the first quarter. Cresset Asset Management LLC now owns 11,463 shares of the company's stock valued at $258,000 after buying an additional 944 shares during the last quarter. Ninety One UK Ltd boosted its holdings in shares of Sirius XM by 8.3% during the 1st quarter. Ninety One UK Ltd now owns 191,829 shares of the company's stock valued at $4,325,000 after acquiring an additional 14,718 shares during the last quarter. Finally, Brighton Jones LLC purchased a new stake in shares of Sirius XM during the 4th quarter valued at about $622,000. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Stock Performance

NASDAQ SIRI traded down $0.17 on Wednesday, hitting $23.12. 2,883,719 shares of the company traded hands, compared to its average volume of 3,041,957. The company has a market capitalization of $7.79 billion, a price-to-earnings ratio of -3.43, a P/E/G ratio of 0.35 and a beta of 0.95. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.89. The business's 50 day moving average price is $23.08 and its 200-day moving average price is $22.42. Sirius XM Holdings Inc. has a 52-week low of $18.69 and a 52-week high of $29.18.

Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.79 by ($0.22). Sirius XM had a negative net margin of 26.41% and a positive return on equity of 3.73%. The company had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.13 billion. During the same period in the previous year, the firm earned $0.80 earnings per share. The firm's quarterly revenue was down 1.8% on a year-over-year basis. Sirius XM has set its FY 2025 guidance at EPS. Equities analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Friday, August 8th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.08 annualized dividend and a yield of 4.7%. Sirius XM's payout ratio is currently -16.00%.

Analysts Set New Price Targets

SIRI has been the topic of a number of recent analyst reports. Zacks Research raised shares of Sirius XM from a "strong sell" rating to a "hold" rating in a report on Friday, August 15th. Wells Fargo & Company dropped their target price on shares of Sirius XM from $19.00 to $18.00 and set an "underweight" rating on the stock in a report on Friday, August 1st. Barrington Research restated an "outperform" rating and issued a $28.00 price target on shares of Sirius XM in a research note on Friday, August 1st. Rosenblatt Securities raised their price target on Sirius XM from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Finally, Guggenheim restated a "buy" rating and issued a $29.00 price target on shares of Sirius XM in a research note on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, Sirius XM currently has an average rating of "Hold" and a consensus price target of $26.18.

Sirius XM 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.