VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 35,100 Sirius XM Holdings Inc. $SIRI

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 35,100 shares of the company's stock, valued at approximately $1,037,000.

Several other large investors have also made changes to their positions in SIRI. Global Retirement Partners LLC acquired a new stake in shares of Sirius XM during the 2nd quarter worth about $32,000. Sunbelt Securities Inc. boosted its position in Sirius XM by 158.5% in the first quarter. Sunbelt Securities Inc. now owns 1,295 shares of the company's stock valued at $30,000 after buying an additional 794 shares in the last quarter. Root Financial Partners LLC grew its stake in Sirius XM by 612.8% during the first quarter. Root Financial Partners LLC now owns 1,390 shares of the company's stock worth $32,000 after buying an additional 1,195 shares during the last quarter. Western Wealth Management LLC bought a new stake in Sirius XM during the first quarter worth about $33,000. Finally, Altshuler Shaham Ltd grew its stake in Sirius XM by 36.7% during the first quarter. Altshuler Shaham Ltd now owns 1,553 shares of the company's stock worth $36,000 after buying an additional 417 shares during the last quarter. Institutional investors own 10.69% of the company's stock.

Sirius XM Stock Performance

SIRI opened at $29.15 on Monday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $9.83 billion, a PE ratio of 11.66, a PEG ratio of 0.52 and a beta of 0.95. Sirius XM Holdings Inc. has a 1-year low of $19.76 and a 1-year high of $32.66. The firm has a 50-day moving average price of $29.63 and a two-hundred day moving average price of $27.07.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.08). Sirius XM had a return on equity of 9.37% and a net margin of 10.23%.The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. Sirius XM's revenue for the quarter was up 1.0% on a year-over-year basis. As a group, equities analysts anticipate that Sirius XM Holdings Inc. will post 3 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 10th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, August 10th. Sirius XM's payout ratio is 43.20%.

Insider Transactions at Sirius XM

In other Sirius XM news, Director Jonelle Procope sold 16,672 shares of the company's stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $29.97, for a total transaction of $499,659.84. Following the transaction, the director owned 18,354 shares of the company's stock, valued at approximately $550,069.38. This represents a 47.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.27% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SIRI. Wells Fargo & Company upgraded shares of Sirius XM from an "underweight" rating to an "overweight" rating in a research note on Wednesday, September 2nd. BNP Paribas Exane lowered Sirius XM to a "neutral" rating in a research report on Wednesday, September 2nd. Bank of America reaffirmed an "underperform" rating on shares of Sirius XM in a report on Friday, July 31st. Morgan Stanley lifted their price objective on Sirius XM from $24.00 to $28.00 and gave the company an "underweight" rating in a research report on Tuesday, July 21st. Finally, Wolfe Research started coverage on Sirius XM in a research note on Wednesday, September 2nd. They issued an "outperform" rating on the stock. Nine investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $32.00.

Key Headlines Impacting Sirius XM

Here are the key news stories impacting Sirius XM this week:

• Positive Sentiment: Sirius XM was highlighted among broadcast radio and television stocks that could benefit from strong content consumption and steady digital viewing. However, the sector continues to face intense competition for advertising revenue. 4 Broadcast Radio & TV Stocks to Watch From a Prospering Industry
• Positive Sentiment: SIRI advanced while the overall market declined in the latest session, signaling relative strength and possibly continued investor interest in the stock. The article provides limited information on a specific fundamental driver. Sirius XM Advances While Market Declines
• Neutral Sentiment: Howard Stern’s program is moving toward HBO Max after SiriusXM dropped Channel 101. The transition could reduce SiriusXM’s exclusive content appeal, but the company may also benefit from lower programming or operating costs following the channel changes and reported layoffs. Howard Stern’s Wife Addresses HBO Move
• Neutral Sentiment: A Sirius XM presentation at the Goldman Sachs Communacopia + Technology Conference was published, but the supplied report does not identify new guidance, financial targets, or strategic announcements that would materially change the investment outlook. Sirius XM Goldman Sachs Conference Transcript
• Negative Sentiment: An analysis included Sirius XM among cash-generating stocks considered risky, arguing that cash generation alone does not ensure shareholder value if management fails to reinvest effectively. This may reinforce concerns about Sirius XM’s growth prospects, although it is an opinion-based assessment rather than a new company announcement. 3 Cash-Producing Stocks We Find Risky

Sirius XM Profile

Sirius XM Holdings Inc provides subscription-based audio entertainment and information services in the United States and Canada. Its SiriusXM service delivers commercial-free music, sports, news, talk and entertainment programming through satellite radio and internet streaming, including its mobile app and connected-vehicle platforms.

The company offers a broad range of exclusive and licensed content, including live sports coverage, original talk and comedy programs, news services, podcasts, and music channels organized by genre and artist.

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