Sirius XM Holdings Inc. $SIRI Stock Position Lowered by Swiss National Bank

Key Points

• The Swiss National Bank reduced its stake in Sirius XM Holdings Inc. by 9.1%, resulting in ownership of approximately 0.12% of the company, valued at about $8.89 million.
• Recent analyst ratings reflect mixed sentiment, with six analysts giving a sell rating, and a consensus price target of $26.18 for the stock.
• Sirius XM announced a quarterly dividend of $0.27, with a yield of 4.7%, set to be paid to investors of record on August 8th.

Swiss National Bank lessened its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 9.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 394,285 shares of the company's stock after selling 39,300 shares during the quarter. Swiss National Bank owned about 0.12% of Sirius XM worth $8,889,000 at the end of the most recent reporting period.

Other hedge funds and other institutional 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 approximately $25,000. Putney Financial Group LLC acquired a new position in Sirius XM in the 4th quarter worth approximately $27,000. Deseret Mutual Benefit Administrators increased its holdings in Sirius XM by 79.3% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,594 shares of the company's stock worth $36,000 after buying an additional 705 shares during the period. Itau Unibanco Holding S.A. increased its holdings in Sirius XM by 255.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company's stock worth $42,000 after buying an additional 1,321 shares during the period. Finally, Golden State Wealth Management LLC boosted its position in Sirius XM by 3,263.3% in the 1st quarter. Golden State Wealth Management LLC now owns 2,018 shares of the company's stock worth $46,000 after purchasing an additional 1,958 shares in the last quarter. Institutional investors and hedge funds own 10.69% of the company's stock.

Insiders Place Their Bets

In other Sirius XM news, Director Kristina Salen sold 1,651 shares of Sirius XM stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $22.27, for a total transaction of $36,767.77. Following the sale, the director owned 15,471 shares of the company's stock, valued at $344,539.17. The trade was a 9.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.79% of the stock is owned by insiders.

Sirius XM Stock Performance

Sirius XM stock traded down $0.7150 during mid-day trading on Wednesday, hitting $22.2150. 1,057,234 shares of the company's stock traded hands, compared to its average volume of 4,452,399. The firm has a 50 day moving average price of $22.79 and a 200 day moving average price of $22.69. 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 company has a market cap of $7.48 billion, a PE ratio of -3.29, a price-to-earnings-growth ratio of 0.35 and a beta of 0.92. Sirius XM Holdings Inc. has a one year low of $18.69 and a one year high of $36.40.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.22). The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $0.80 EPS. Sirius XM has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.08 annualized dividend and a yield of 4.9%. Sirius XM's payout ratio is presently -16.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Guggenheim restated a "buy" rating and issued a $29.00 price objective on shares of Sirius XM in a research report on Thursday, June 26th. Zacks Research upgraded Sirius XM from a "strong sell" rating to a "hold" rating in a research report on Friday, August 15th. Morgan Stanley upped their price objective 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 restated an "outperform" rating and issued a $28.00 price objective on shares of Sirius XM in a research report on Friday, August 1st. Finally, Rosenblatt Securities upped their price objective on Sirius XM from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. One equities research 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 data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $26.18.

Sirius XM Company 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.