Penserra Capital Management LLC Acquires 37,770 Shares of Sirius XM Holdings Inc. $SIRI

Penserra Capital Management LLC raised its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 27.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 177,879 shares of the company’s stock after acquiring an additional 37,770 shares during the quarter. Penserra Capital Management LLC’s holdings in Sirius XM were worth $4,085,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SIRI. Fuller & Thaler Asset Management Inc. raised its position in shares of Sirius XM by 661.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,577,176 shares of the company’s stock valued at $80,630,000 after acquiring an additional 3,107,313 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Sirius XM by 209.9% during the first quarter. AQR Capital Management LLC now owns 1,957,518 shares of the company’s stock worth $43,770,000 after purchasing an additional 1,325,870 shares during the period. LSV Asset Management increased its holdings in Sirius XM by 41.5% in the first quarter. LSV Asset Management now owns 3,197,800 shares of the company’s stock valued at $72,094,000 after purchasing an additional 937,500 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Sirius XM by 42.0% in the first quarter. Ameriprise Financial Inc. now owns 2,345,364 shares of the company’s stock valued at $52,876,000 after buying an additional 693,473 shares during the period. Finally, Chou Associates Management Inc. lifted its stake in Sirius XM by 5,479.5% in the first quarter. Chou Associates Management Inc. now owns 702,462 shares of the company’s stock valued at $15,837,000 after buying an additional 689,872 shares during the period. Institutional investors and hedge funds own 10.69% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Benchmark restated a “buy” rating and set a $30.00 target price (up from $28.00) on shares of Sirius XM in a research report on Friday, October 31st. Weiss Ratings raised shares of Sirius XM from a “sell (d)” rating to a “hold (c-)” rating in a research note on Wednesday. Wells Fargo & Company decreased 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. JPMorgan Chase & Co. upped their target price on shares of Sirius XM from $19.00 to $20.00 and gave the company an “underweight” rating in a research note on Friday, October 31st. Finally, Morgan Stanley lifted their price target on shares of Sirius XM from $21.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $24.29.

Insiders Place Their Bets

In other Sirius XM news, Director Kristina Salen sold 1,845 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $21.64, for a total transaction of $39,925.80. Following the completion of the transaction, the director owned 19,969 shares in the company, valued at approximately $432,129.16. This represents a 8.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.32% of the company’s stock.

Sirius XM Price Performance

Shares of SIRI opened at $21.71 on Monday. The stock has a 50 day simple moving average of $22.54 and a 200 day simple moving average of $22.48. Sirius XM Holdings Inc. has a 52-week low of $18.69 and a 52-week high of $29.18. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.41 and a current ratio of 0.41. The firm has a market capitalization of $7.31 billion, a PE ratio of -3.22, a P/E/G ratio of 0.32 and a beta of 0.96.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.05. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. Sirius XM had a negative net margin of 26.41% and a positive return on equity of 3.73%. The business’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($8.74) earnings per share. Sirius XM has set its FY 2025 guidance at EPS. Sell-side analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Wednesday, November 5th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Wednesday, November 5th. Sirius XM’s payout ratio is currently 38.16%.

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.