Cerity Partners LLC Takes Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Cerity Partners LLC bought a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRIGet Rating) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 27,444 shares of the company’s stock, valued at approximately $165,000.

Several other institutional investors have also recently made changes to their positions in SIRI. SG Americas Securities LLC increased its holdings in shares of Sirius XM by 106.8% during the 1st quarter. SG Americas Securities LLC now owns 151,432 shares of the company’s stock valued at $1,002,000 after purchasing an additional 78,203 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Sirius XM by 59.6% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 39,809 shares of the company’s stock worth $264,000 after acquiring an additional 14,873 shares in the last quarter. abrdn plc increased its holdings in Sirius XM by 3.0% in the 1st quarter. abrdn plc now owns 115,672 shares of the company’s stock worth $769,000 after acquiring an additional 3,336 shares in the last quarter. Banque Pictet & Cie SA increased its holdings in Sirius XM by 108.3% in the 1st quarter. Banque Pictet & Cie SA now owns 125,000 shares of the company’s stock worth $828,000 after acquiring an additional 65,000 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in Sirius XM by 7.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 452,243 shares of the company’s stock worth $2,993,000 after acquiring an additional 30,283 shares in the last quarter. 10.74% of the stock is owned by hedge funds and other institutional investors.

Sirius XM Stock Up 0.9 %

Sirius XM stock opened at $6.49 on Wednesday. Sirius XM Holdings Inc. has a 52-week low of $5.69 and a 52-week high of $6.88. The firm has a market capitalization of $25.24 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 3.11 and a beta of 0.92. The company has a fifty day simple moving average of $6.11 and a 200-day simple moving average of $6.21.

Sirius XM Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Friday, November 11th will be given a dividend of $0.024 per share. This is a boost from Sirius XM’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $0.10 annualized dividend and a dividend yield of 1.48%. Sirius XM’s payout ratio is presently 34.48%.

Wall Street Analyst Weigh In

SIRI has been the subject of several recent analyst reports. StockNews.com initiated coverage on shares of Sirius XM in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft cut their price target on shares of Sirius XM from $8.00 to $7.50 in a report on Wednesday, November 2nd. Pivotal Research cut their price target on shares of Sirius XM from $7.10 to $6.75 in a report on Wednesday, November 2nd. Finally, Morgan Stanley dropped their target price on shares of Sirius XM from $6.50 to $6.00 and set an “underweight” rating for the company in a report on Wednesday, October 19th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Sirius XM presently has an average rating of “Hold” and a consensus target price of $6.96.

Sirius XM Profile

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Sirius XM Holdings Inc provides satellite radio services on a subscription fee basis in the United States. It broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres, such as rock, pop and hip-hop, country, dance, jazz, Latin, and classical; live play-by-play sports from various leagues and colleges; various talk and entertainment channels for a range of audiences; national, international, and financial news; and limited run channels.

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Institutional Ownership by Quarter for Sirius XM (NASDAQ:SIRI)

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