Sirius XM Holdings Inc. $SIRI Shares Purchased by Cwm LLC

Key Points

• Cwm LLC increased its stake in Sirius XM Holdings by 126.3% in Q2, owning 120,436 shares worth approximately $2.77 million after purchasing an additional 67,222 shares.
• Brokerages show mixed opinions on Sirius XM, with price targets ranging from $18.00 to $29.00; the average target price is $24.89, indicating a consensus rating of "Hold."
• Sirius XM reported a negative EPS of $0.57 for the last quarter, missing estimates, while declaring a quarterly dividend of $0.27, yielding 5.1% annually.

Cwm LLC lifted its position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 126.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,436 shares of the company's stock after purchasing an additional 67,222 shares during the period. Cwm LLC's holdings in Sirius XM were worth $2,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. JB Capital LLC acquired a new position in shares of Sirius XM in the 2nd quarter valued at $262,000. IFP Advisors Inc lifted its stake in shares of Sirius XM by 25.4% in the 2nd quarter. IFP Advisors Inc now owns 21,479 shares of the company's stock valued at $493,000 after purchasing an additional 4,346 shares during the period. Allegiance Financial Group Advisory Services LLC lifted its stake in shares of Sirius XM by 22.1% in the 2nd quarter. Allegiance Financial Group Advisory Services LLC now owns 15,481 shares of the company's stock valued at $356,000 after purchasing an additional 2,803 shares during the period. KLP Kapitalforvaltning AS lifted its stake in shares of Sirius XM by 6.1% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 45,558 shares of the company's stock valued at $1,046,000 after purchasing an additional 2,600 shares during the period. Finally, Valeo Financial Advisors LLC acquired a new position in shares of Sirius XM in the 2nd quarter valued at $239,000. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SIRI. Rosenblatt Securities boosted their price target on shares of Sirius XM from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Monday, August 4th. Guggenheim reissued a "buy" rating and issued a $29.00 price objective on shares of Sirius XM in a report on Thursday, June 26th. Morgan Stanley upped their price objective on shares of Sirius XM from $21.00 to $22.00 and gave the company an "underweight" rating in a report on Wednesday, July 16th. Zacks Research raised shares of Sirius XM from a "strong sell" rating to a "hold" rating in a report on Friday, August 15th. Finally, Wells Fargo & Company lowered their price objective on shares of Sirius XM from $19.00 to $18.00 and set an "underweight" rating for the company in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $24.89.

Sirius XM Stock Performance

Shares of Sirius XM stock opened at $21.38 on Friday. The firm has a market capitalization of $7.20 billion, a P/E ratio of -3.17, a P/E/G ratio of 0.33 and a beta of 0.93. Sirius XM Holdings Inc. has a 52 week low of $18.69 and a 52 week high of $29.18. 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 firm's 50 day moving average is $22.84 and its two-hundred day moving average is $22.29.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.57 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 analysts' expectations of $2.13 billion. Sirius XM had a negative net margin of 26.41% and a positive return on equity of 3.73%. The business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 earnings per share. Sirius XM has set its FY 2025 guidance at EPS. Research analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Friday, August 8th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 5.1%. The ex-dividend date was Friday, August 8th. Sirius XM's dividend payout ratio is currently -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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