Sirius XM Holdings Inc. $SIRI Shares Sold by S&CO Inc.

S&CO Inc. reduced its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 6.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 718,017 shares of the company’s stock after selling 48,356 shares during the quarter. Sirius XM accounts for 1.1% of S&CO Inc.’s holdings, making the stock its 24th biggest position. S&CO Inc.’s holdings in Sirius XM were worth $16,492,000 as of its most recent SEC filing.

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

Sirius XM Trading Up 0.4%

NASDAQ SIRI opened at $21.71 on Monday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.89. Sirius XM Holdings Inc. has a 1-year low of $18.69 and a 1-year high of $29.18. The firm’s fifty day simple moving average is $22.54 and its 200-day simple moving average is $22.48. The company has a market capitalization of $7.31 billion, a PE ratio of -3.22, a price-to-earnings-growth ratio of 0.32 and a beta of 0.96.

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

Sirius XM Announces Dividend

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

Analyst Ratings Changes

A number of brokerages recently weighed in on SIRI. JPMorgan Chase & Co. lifted their price target on Sirius XM from $19.00 to $20.00 and gave the stock an “underweight” rating in a research note on Friday, October 31st. Rosenblatt Securities raised their target price on shares of Sirius XM from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. Morgan Stanley lifted their target price 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. Zacks Research upgraded shares of Sirius XM from a “strong sell” rating to a “hold” rating in a report on Friday, August 15th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $28.00 price objective on shares of Sirius XM in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $24.29.

Insider Activity at Sirius XM

In related news, Director Kristina Salen sold 1,845 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $21.64, for a total value of $39,925.80. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.32% of the company’s stock.

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.