Quantinno Capital Management LP Raises Position in Sirius XM Holdings Inc. $SIRI

Quantinno Capital Management LP lifted its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 37.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 107,336 shares of the company’s stock after buying an additional 29,419 shares during the period. Quantinno Capital Management LP’s holdings in Sirius XM were worth $2,477,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SIRI. Geneos Wealth Management Inc. increased its position in shares of Sirius XM by 36.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock valued at $41,000 after acquiring an additional 493 shares in the last quarter. Krilogy Financial LLC lifted its position in Sirius XM by 1.1% in the 4th quarter. Krilogy Financial LLC now owns 53,572 shares of the company’s stock valued at $1,097,000 after acquiring an additional 577 shares in the last quarter. Rossby Financial LCC boosted its stake in Sirius XM by 57.7% during the 4th quarter. Rossby Financial LCC now owns 1,621 shares of the company’s stock valued at $32,000 after purchasing an additional 593 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of Sirius XM by 4.6% in the 4th quarter. SBI Securities Co. Ltd. now owns 13,589 shares of the company’s stock worth $272,000 after purchasing an additional 594 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in shares of Sirius XM by 2.0% in the 4th quarter. Corient Private Wealth LLC now owns 31,263 shares of the company’s stock worth $625,000 after purchasing an additional 615 shares in the last quarter. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Price Performance

NASDAQ SIRI opened at $29.91 on Monday. The company has a 50-day moving average price of $29.44 and a 200-day moving average price of $25.70. Sirius XM Holdings Inc. has a 52 week low of $19.76 and a 52 week high of $32.66. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $10.08 billion, a P/E ratio of 11.96, a PEG ratio of 0.65 and a beta of 0.95.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.08). Sirius XM had a return on equity of 9.37% and a net margin of 10.23%.The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the previous year, the business posted $0.57 EPS. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. Equities research analysts anticipate that Sirius XM Holdings Inc. will post 3.01 earnings per share for the current year.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Monday, August 10th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Monday, August 10th. Sirius XM’s dividend payout ratio is 43.20%.

Insiders Place Their Bets

In related news, insider Scott Andrew Greenstein sold 20,744 shares of Sirius XM stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $29.83, for a total transaction of $618,793.52. Following the transaction, the insider directly owned 20,163 shares in the company, valued at approximately $601,462.29. The trade was a 50.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonelle Procope sold 16,672 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $29.97, for a total value of $499,659.84. Following the completion of the sale, the director owned 18,354 shares of the company’s stock, valued at approximately $550,069.38. The trade was a 47.60% decrease in their position. The SEC filing for this sale provides additional information. 3.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Sirius XM from $26.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Bank of America reiterated an “underperform” rating on shares of Sirius XM in a report on Friday, July 31st. The Goldman Sachs Group reissued a “neutral” rating and issued a $32.00 target price on shares of Sirius XM in a research report on Friday. Wells Fargo & Company upped their target price on shares of Sirius XM from $30.00 to $31.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Finally, Benchmark reiterated a “buy” rating on shares of Sirius XM in a research note on Wednesday, July 29th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $30.92.

About Sirius XM

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.