Sirius XM Holdings Inc. $SIRI Shares Sold by FNY Investment Advisers LLC

Key Points

• FNY Investment Advisers LLC reduced its holdings in Sirius XM by 30.8%, ending the second quarter with 51,890 shares valued at approximately $1,191,000.
• Several institutional investors significantly increased their stakes in Sirius XM, including Fuller & Thaler Asset Management, which raised its stake by 661.3% during the first quarter.
• Sirius XM reported a loss in EPS for the last quarter at $0.57, missing estimates of $0.79, with a revenue of $2.14 billion that slightly exceeded expectations.

FNY Investment Advisers LLC trimmed its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 30.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,890 shares of the company's stock after selling 23,130 shares during the period. FNY Investment Advisers LLC's holdings in Sirius XM were worth $1,191,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Fuller & Thaler Asset Management Inc. lifted its stake in Sirius XM by 661.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,577,176 shares of the company's stock valued at $80,630,000 after acquiring an additional 3,107,313 shares during the period. LSV Asset Management lifted its stake in Sirius XM by 41.5% during the 1st quarter. LSV Asset Management now owns 3,197,800 shares of the company's stock valued at $72,094,000 after acquiring an additional 937,500 shares during the period. Ameriprise Financial Inc. lifted its stake in Sirius XM by 42.0% during the 1st quarter. Ameriprise Financial Inc. now owns 2,345,364 shares of the company's stock valued at $52,876,000 after acquiring an additional 693,473 shares during the period. Seizert Capital Partners LLC lifted its stake in Sirius XM by 0.5% during the 1st quarter. Seizert Capital Partners LLC now owns 2,281,165 shares of the company's stock valued at $51,429,000 after acquiring an additional 11,549 shares during the period. Finally, AQR Capital Management LLC lifted its stake in Sirius XM by 209.9% during the 1st quarter. AQR Capital Management LLC now owns 1,957,518 shares of the company's stock valued at $43,770,000 after acquiring an additional 1,325,870 shares during the period. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Weiss Ratings reiterated a "sell (d+)" rating on shares of Sirius XM in a research note on Tuesday, October 14th. Rosenblatt Securities boosted their target price on shares of Sirius XM from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Monday, August 4th. Wells Fargo & Company decreased their target price 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. Zacks Research upgraded shares of Sirius XM from a "strong sell" rating to a "hold" rating in a research note on Friday, August 15th. Finally, Guggenheim reiterated a "buy" rating and issued a $29.00 target price on shares of Sirius XM in a research note on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $24.89.

Sirius XM Price Performance

Shares of NASDAQ SIRI opened at $22.19 on Wednesday. The firm has a market cap of $7.47 billion, a PE ratio of -3.29, a PEG ratio of 0.33 and a beta of 0.93. The firm has a fifty day moving average of $22.88 and a 200 day moving average of $22.31. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.41 and a current ratio of 0.41. Sirius XM Holdings Inc. has a one year low of $18.69 and a one year high of $29.18.

Sirius XM (NASDAQ:SIRI - Get Free Report) last issued 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 positive return on equity of 3.73% and a negative net margin of 26.41%.Sirius XM's revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 EPS. Sirius XM has set its FY 2025 guidance at EPS. As a group, research analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

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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