Yousif Capital Management LLC Invests $294,000 in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Yousif Capital Management LLC acquired a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 13,020 shares of the company's stock, valued at approximately $294,000.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC acquired a new position in shares of Sirius XM in the fourth quarter worth about $622,000. State of New Jersey Common Pension Fund D increased its holdings in Sirius XM by 15.6% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 83,439 shares of the company's stock worth $1,902,000 after purchasing an additional 11,243 shares during the last quarter. Truist Financial Corp acquired a new position in shares of Sirius XM in the 4th quarter valued at approximately $253,000. Private Advisor Group LLC acquired a new position in shares of Sirius XM in the 4th quarter valued at approximately $237,000. Finally, Ieq Capital LLC purchased a new position in shares of Sirius XM during the 4th quarter valued at approximately $1,541,000. 10.69% of the stock is owned by institutional investors and hedge funds.

Sirius XM Stock Performance

Shares of Sirius XM stock traded up $0.04 during trading hours on Wednesday, reaching $22.45. The company's stock had a trading volume of 2,134,759 shares, compared to its average volume of 4,959,974. Sirius XM Holdings Inc. has a one year low of $18.69 and a one year high of $41.60. The company's 50 day simple moving average is $21.61 and its 200 day simple moving average is $22.61. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The stock has a market cap of $7.59 billion, a P/E ratio of -3.44, a price-to-earnings-growth ratio of 0.31 and a beta of 0.91.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.11). Sirius XM had a positive return on equity of 6.77% and a negative net margin of 25.00%. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the company earned $0.07 EPS. Sirius XM's revenue was down 4.3% compared to the same quarter last year. As a group, analysts expect that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Friday, May 9th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.81%. The ex-dividend date was Friday, May 9th. Sirius XM's dividend payout ratio (DPR) is -16.56%.

Insider Activity at Sirius XM

In other Sirius XM news, Director Kristina Salen sold 1,651 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $22.27, for a total value of $36,767.77. Following the sale, the director now directly owns 15,471 shares in the company, valued at approximately $344,539.17. This trade represents a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.79% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SIRI. Seaport Res Ptn upgraded shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Barrington Research reissued an "outperform" rating and set a $28.00 price objective on shares of Sirius XM in a report on Friday, May 2nd. Finally, Rosenblatt Securities cut their target price on shares of Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Six research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $26.17.

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.