Lodestone Wealth Management LLC Purchases New Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Lodestone Wealth Management LLC acquired a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,879 shares of the company’s stock, valued at approximately $358,000.

Several other large investors have also modified their holdings of SIRI. Opal Wealth Advisors LLC purchased a new stake in shares of Sirius XM in the first quarter worth approximately $25,000. Putney Financial Group LLC bought a new position in shares of Sirius XM in the fourth quarter worth about $27,000. Deseret Mutual Benefit Administrators lifted its holdings in Sirius XM by 79.3% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,594 shares of the company’s stock valued at $36,000 after buying an additional 705 shares in the last quarter. Itau Unibanco Holding S.A. grew its stake 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 acquiring an additional 1,321 shares in the last quarter. Finally, Gables Capital Management Inc. bought a new position in shares of Sirius XM during the 4th quarter worth $43,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Insider Activity

In other Sirius XM news, Director Kristina Salen sold 1,651 shares of the company’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $22.27, for a total value of $36,767.77. Following the sale, the director directly owned 15,471 shares of the company’s stock, valued at approximately $344,539.17. This represents a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.32% of the stock is currently owned by company insiders.

Sirius XM Stock Performance

Shares of SIRI stock opened at $23.95 on Thursday. The business has a fifty day moving average of $21.93 and a 200 day moving average of $22.52. Sirius XM Holdings Inc. has a 1 year low of $18.69 and a 1 year high of $41.60. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a market capitalization of $8.09 billion, a price-to-earnings ratio of -3.67, a price-to-earnings-growth ratio of 0.34 and a beta of 0.92.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.11). The firm 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 revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 earnings per share. As a group, research analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current 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 of this dividend was Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 4.51%. Sirius XM’s dividend payout ratio (DPR) is presently -16.56%.

Analyst Ratings Changes

SIRI has been the subject of a number of research reports. Seaport Res Ptn raised shares of Sirius XM from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 8th. Rosenblatt Securities lowered their target price on Sirius XM from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, May 2nd. Guggenheim reissued a “buy” rating and issued a $29.00 price target on shares of Sirius XM in a research report on Thursday, June 26th. Wells Fargo & Company lifted their target price on Sirius XM from $16.00 to $19.00 and gave the company an “underweight” rating in a research note on Wednesday. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $28.00 price objective on shares of Sirius XM in a research report on Friday, May 2nd. Six research analysts have rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $26.42.

Sirius XM 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.