Sirius XM Holdings Inc. $SIRI Shares Sold by Brighton Jones LLC

Brighton Jones LLC cut its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 61.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,079 shares of the company’s stock after selling 30,323 shares during the quarter. Brighton Jones LLC’s holdings in Sirius XM were worth $494,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Global Retirement Partners LLC purchased a new position in Sirius XM in the second quarter worth approximately $32,000. Sunbelt Securities Inc. lifted its position in shares of Sirius XM by 158.5% during the 1st quarter. Sunbelt Securities Inc. now owns 1,295 shares of the company’s stock worth $30,000 after purchasing an additional 794 shares during the last quarter. Western Wealth Management LLC acquired a new position in shares of Sirius XM during the first quarter worth $33,000. Altshuler Shaham Ltd grew its stake in shares of Sirius XM by 36.7% during the first quarter. Altshuler Shaham Ltd now owns 1,553 shares of the company’s stock worth $36,000 after purchasing an additional 417 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Sirius XM by 33.7% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,837 shares of the company’s stock valued at $55,000 after buying an additional 463 shares during the last quarter. 10.69% of the stock is owned by institutional investors and hedge funds.

Sirius XM Price Performance

Shares of NASDAQ SIRI opened at $31.85 on Friday. The stock has a market cap of $10.72 billion, a P/E ratio of 10.44, a P/E/G ratio of 0.52 and a beta of 0.98. Sirius XM Holdings Inc. has a twelve month low of $19.76 and a twelve month high of $33.76. The stock has a 50 day moving average of $28.20 and a two-hundred day moving average of $26.74. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.66.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.77 by $0.01. Sirius XM had a net margin of 10.47% and a return on equity of 9.42%. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the firm earned $0.84 EPS. Sirius XM’s revenue for the quarter was down .4% on a year-over-year basis. On average, research analysts forecast that Sirius XM Holdings Inc. will post 3.00 earnings per share for the current year.

Sirius XM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Friday, November 6th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, November 6th. Sirius XM’s payout ratio is 44.26%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Rosenblatt Securities set a $47.00 price target on Sirius XM and gave the company a “buy” rating in a research note on Friday, October 30th. Bank of America reiterated an “underperform” rating on shares of Sirius XM in a report on Friday, July 31st. William Blair upgraded Sirius XM to a “market perform” rating in a report on Wednesday, September 2nd. Wolfe Research initiated coverage on Sirius XM in a research report on Wednesday, September 2nd. They set an “outperform” rating on the stock. Finally, Scotiabank assumed coverage on Sirius XM in a research note on Wednesday, September 2nd. They set an “outperform” rating for the company. Nine research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Sirius XM currently has an average rating of “Hold” and a consensus price target of $32.67.

Sirius XM Profile

Sirius XM Holdings Inc. provides audio entertainment through its SiriusXM and Pandora services. SiriusXM offers music, talk, news, sports, and other programming through satellite radio and streaming, including access through its mobile app and in-vehicle systems. The company also operates Pandora, a streaming music and podcast service that offers both ad-supported and subscription listening. Its business includes advertising and connected-vehicle services, alongside subscriptions and audio programming.