AlphaQuest LLC Grows Holdings in Sirius XM Holdings Inc. $SIRI

AlphaQuest LLC boosted its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 309.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 78,910 shares of the company’s stock after purchasing an additional 59,658 shares during the quarter. AlphaQuest LLC’s holdings in Sirius XM were worth $1,813,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SIRI. Brighton Jones LLC purchased a new stake in Sirius XM during the 4th quarter valued at about $622,000. Cambridge Investment Research Advisors Inc. lifted its stake in Sirius XM by 29.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 47,214 shares of the company’s stock valued at $1,064,000 after acquiring an additional 10,876 shares during the period. Golden State Wealth Management LLC boosted its holdings in shares of Sirius XM by 3,263.3% in the first quarter. Golden State Wealth Management LLC now owns 2,018 shares of the company’s stock worth $46,000 after buying an additional 1,958 shares during the last quarter. swisspartners Advisors Ltd boosted its holdings in shares of Sirius XM by 107.1% in the first quarter. swisspartners Advisors Ltd now owns 301,296 shares of the company’s stock worth $6,794,000 after buying an additional 155,818 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators boosted its holdings in shares of Sirius XM by 79.3% in the first quarter. Deseret Mutual Benefit Administrators now owns 1,594 shares of the company’s stock worth $36,000 after buying an additional 705 shares during the last quarter. 10.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SIRI shares. Morgan Stanley raised their price objective on shares of Sirius XM from $21.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, July 16th. Barrington Research restated an “outperform” rating and set a $28.00 target price on shares of Sirius XM in a research note on Friday, August 1st. Zacks Research raised shares of Sirius XM from a “strong sell” rating to a “hold” rating in a report on Friday, August 15th. Rosenblatt Securities increased their price objective on shares of Sirius XM from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, August 4th. Finally, Wells Fargo & Company cut their price objective on shares of Sirius XM from $19.00 to $18.00 and set an “underweight” rating for the company in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $25.13.

Sirius XM Stock Up 0.4%

NASDAQ SIRI opened at $21.40 on Friday. 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 fifty day moving average of $22.79 and a two-hundred day moving average of $22.33. The firm has a market capitalization of $7.21 billion, a price-to-earnings ratio of -3.17, a PEG ratio of 0.33 and a beta of 0.93. Sirius XM Holdings Inc. has a 52 week low of $18.69 and a 52 week high of $29.18.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.22). Sirius XM had a positive return on equity of 3.73% and a negative net margin of 26.41%.The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the previous year, the firm earned $0.80 earnings per share. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. Sirius XM has set its FY 2025 guidance at EPS. On average, analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Wednesday, November 5th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Wednesday, November 5th. Sirius XM’s dividend payout ratio (DPR) is -16.00%.

About Sirius XM

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.