Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 35,530 shares of the company's stock, valued at approximately $801,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in shares of Sirius XM in the 1st quarter valued at approximately $25,000. Putney Financial Group LLC purchased a new stake in shares of Sirius XM in the 4th quarter valued at approximately $27,000. Deseret Mutual Benefit Administrators raised its stake in shares of Sirius XM by 79.3% in the 1st 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 period. Itau Unibanco Holding S.A. raised its stake in shares of Sirius XM by 255.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company's stock valued at $42,000 after acquiring an additional 1,321 shares during the period. Finally, Golden State Wealth Management LLC raised its stake in shares of 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 valued at $46,000 after acquiring an additional 1,958 shares during the period. Hedge funds and other institutional investors own 10.69% of the company's stock.
Sirius XM Stock Up 0.3%
SIRI traded up $0.06 on Friday, reaching $21.18. The company's stock had a trading volume of 9,041,781 shares, compared to its average volume of 3,855,974. The stock has a 50 day moving average of $22.79 and a two-hundred day moving average of $22.72. 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 capitalization of $7.13 billion, a price-to-earnings ratio of -3.14, a P/E/G ratio of 0.32 and a beta of 0.92. Sirius XM Holdings Inc. has a fifty-two week low of $18.69 and a fifty-two week high of $36.40.
Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its quarterly earnings data 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 firm 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%. Sirius XM's revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 earnings per share. As a group, analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.
Sirius XM Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Friday, August 8th will be issued 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 dividend yield of 5.1%. Sirius XM's dividend payout ratio (DPR) is currently -16.56%.
Insider Buying and Selling at Sirius XM
In related news, Director Kristina Salen sold 1,651 shares of the 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 completion of the sale, the director directly owned 15,471 shares of the company's stock, valued at $344,539.17. This trade represents a 9.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.79% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several research firms have weighed in on SIRI. Seaport Res Ptn raised Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Morgan Stanley lifted their target price on Sirius XM from $21.00 to $22.00 and gave the company an "underweight" rating in a research report on Wednesday, July 16th. Wells Fargo & Company dropped their target price on Sirius XM from $19.00 to $18.00 and set an "underweight" rating for the company in a research report on Friday. Barrington Research reaffirmed an "outperform" rating and issued a $28.00 target price on shares of Sirius XM in a research report on Friday. Finally, Rosenblatt Securities dropped their target price on Sirius XM from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Six equities research analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $26.42.
Check Out Our Latest Report on Sirius XM
About Sirius XM
(
Free Report)
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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