Strs Ohio Acquires Shares of 36,116 Sirius XM Holdings Inc. $SIRI

Key Points

• Strs Ohio has invested approximately $814,000 in 36,116 shares of Sirius XM Holdings Inc. during the first quarter, marking a significant new position in the company.
• Analysts show mixed ratings for Sirius XM, with a consensus price target of $26.18 and a mix of ratings including 1 Strong Buy, 4 Buy, 3 Hold, and 5 Sell.
• Sirius XM's recent earnings report reflected earnings per share (EPS) of $0.57, missing estimates, alongside a 4.7% dividend yield following a declared quarterly dividend of $0.27 per share.

Strs Ohio acquired a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 36,116 shares of the company's stock, valued at approximately $814,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SIRI. Brighton Jones LLC bought a new stake in shares of Sirius XM during the fourth quarter valued at approximately $622,000. Cetera Investment Advisers grew its stake in shares of Sirius XM by 36.4% during the 4th quarter. Cetera Investment Advisers now owns 36,413 shares of the company's stock worth $830,000 after acquiring an additional 9,710 shares during the period. Nuveen Asset Management LLC grew its stake in shares of Sirius XM by 20.6% during the 4th quarter. Nuveen Asset Management LLC now owns 599,357 shares of the company's stock worth $13,665,000 after acquiring an additional 102,420 shares during the period. Point72 Asset Management L.P. purchased a new stake in Sirius XM during the 4th quarter worth about $383,000. Finally, Tidal Investments LLC purchased a new stake in Sirius XM during the 4th quarter worth about $775,000. Institutional investors own 10.69% of the company's stock.

Sirius XM Stock Performance

NASDAQ:SIRI traded up $0.30 during mid-day trading on Tuesday, hitting $23.32. 206,488 shares of the company traded hands, compared to its average volume of 4,292,113. The stock's fifty day moving average price is $23.01 and its 200-day moving average price is $22.38. Sirius XM Holdings Inc. has a one year low of $18.69 and a one year 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 has a market cap of $7.85 billion, a price-to-earnings ratio of -3.46, a price-to-earnings-growth ratio of 0.35 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 EPS for the quarter, missing the consensus estimate 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 business had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.13 billion. During the same quarter in the previous year, the firm earned $0.80 earnings per share. Sirius XM's revenue was down 1.8% on a year-over-year basis. Sirius XM has set its FY 2025 guidance at EPS. Research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Friday, August 8th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Friday, August 8th. Sirius XM's payout ratio is currently -16.00%.

Analyst Ratings Changes

SIRI has been the topic of a number of recent research reports. Rosenblatt Securities increased their price objective on Sirius XM from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Monday, August 4th. Zacks Research upgraded Sirius XM from a "strong sell" rating to a "hold" rating in a research report on Friday, August 15th. Morgan Stanley raised their price target on Sirius XM from $21.00 to $22.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 16th. Barrington Research reiterated an "outperform" rating and issued a $28.00 price objective on shares of Sirius XM in a research report on Friday, August 1st. Finally, Wells Fargo & Company lowered their target price on 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 equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price 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.