Yousif Capital Management LLC purchased a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,020 shares of the company's stock, valued at approximately $294,000.
Several other hedge funds have also bought and sold shares of SIRI. Brighton Jones LLC purchased a new stake in shares of Sirius XM during the 4th quarter valued at about $622,000. State of New Jersey Common Pension Fund D raised its position in shares of 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 valued at $1,902,000 after buying an additional 11,243 shares in the last quarter. Truist Financial Corp purchased a new stake in shares of Sirius XM during the 4th quarter valued at about $253,000. Private Advisor Group LLC purchased a new stake in shares of Sirius XM during the 4th quarter valued at about $237,000. Finally, Ieq Capital LLC purchased a new stake in shares of Sirius XM during the 4th quarter valued at about $1,541,000. Hedge funds and other institutional investors own 10.69% of the company's stock.
Sirius XM Stock Performance
Shares of NASDAQ SIRI traded up $0.26 during midday trading on Friday, reaching $21.75. The company had a trading volume of 3,474,275 shares, compared to its average volume of 4,991,457. The business's 50-day simple moving average is $21.55 and its 200 day simple moving average is $22.65. The stock has a market cap of $7.35 billion, a P/E ratio of -3.34, a P/E/G ratio of 0.31 and a beta of 0.91. Sirius XM Holdings Inc. has a 1 year low of $18.69 and a 1 year high of $41.60. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93.
Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.11). The company had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.09 billion. Sirius XM had a positive return on equity of 6.77% and a negative net margin of 25.00%. The company's quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.07 EPS. On average, analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.
Sirius XM Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Friday, May 9th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 4.97%. Sirius XM's dividend payout ratio (DPR) is presently -16.56%.
Insider Buying and Selling
In related news, Director Kristina Salen sold 1,651 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $22.27, for a total transaction of $36,767.77. Following the completion of the transaction, the director now owns 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 SEC, which is available at this hyperlink. 0.79% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several analysts have recently issued reports on SIRI shares. Seaport Res Ptn upgraded shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Barrington Research restated an "outperform" rating and set a $28.00 target price on shares of Sirius XM in a research report on Friday, May 2nd. Finally, Rosenblatt Securities reduced their price objective on shares of Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Six investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Sirius XM currently has an average rating of "Hold" and an average target price of $26.65.
Get Our Latest Research Report on SIRI
Sirius XM Profile
(
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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