Sirius XM Holdings Inc. $SIRI Shares Bought by Amundi

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

Other large investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in Sirius XM in the 1st quarter worth about $25,000. Putney Financial Group LLC acquired a new position in Sirius XM in the 4th quarter worth about $27,000. Deseret Mutual Benefit Administrators raised its holdings in shares of Sirius XM by 79.3% during the first quarter. Deseret Mutual Benefit Administrators now owns 1,594 shares of the company's stock valued at $36,000 after acquiring an additional 705 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Sirius XM by 3,263.3% during the first quarter. Golden State Wealth Management LLC now owns 2,018 shares of the company's stock valued at $46,000 after acquiring an additional 1,958 shares during the last quarter. Finally, Richards Merrill & Peterson Inc. acquired a new position in shares of Sirius XM during the first quarter valued at approximately $52,000. Institutional investors and hedge funds own 10.69% of the company's stock.

Analyst Upgrades and Downgrades

SIRI has been the subject of a number of research analyst reports. Zacks Research raised Sirius XM from a "strong sell" rating to a "hold" rating in a report on Friday, August 15th. Morgan Stanley increased their target price on Sirius XM from $21.00 to $22.00 and gave the company an "underweight" rating in a report on Wednesday, July 16th. Barrington Research reissued an "outperform" rating and set a $28.00 target price on shares of Sirius XM in a report on Friday, August 1st. Guggenheim reissued a "buy" rating and set a $29.00 target price on shares of Sirius XM in a report on Thursday, June 26th. Finally, Wells Fargo & Company dropped their price target on Sirius XM from $19.00 to $18.00 and set an "underweight" rating for the company in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $26.18.

Sirius XM Price Performance

NASDAQ:SIRI opened at $23.81 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.89. The stock's fifty day moving average is $23.15 and its two-hundred day moving average is $22.45. Sirius XM Holdings Inc. has a 52 week low of $18.69 and a 52 week high of $29.18. The stock has a market capitalization of $8.02 billion, a price-to-earnings ratio of -3.53, a price-to-earnings-growth ratio of 0.36 and a beta of 0.95.

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

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Friday, August 8th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Friday, August 8th. Sirius XM's dividend payout ratio (DPR) is presently -16.00%.

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.

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