Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Bought by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC lifted its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRIFree Report) by 84.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,610 shares of the company’s stock after acquiring an additional 29,981 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Sirius XM were worth $359,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SIRI. Principal Financial Group Inc. lifted its position in shares of Sirius XM by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 72,079 shares of the company’s stock worth $326,000 after buying an additional 4,086 shares during the last quarter. Jump Financial LLC bought a new position in shares of Sirius XM during the third quarter valued at approximately $153,000. Janney Montgomery Scott LLC raised its position in shares of Sirius XM by 11.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 64,603 shares of the company’s stock worth $292,000 after purchasing an additional 6,628 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Sirius XM by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,739,749 shares of the company’s stock worth $21,424,000 after purchasing an additional 38,693 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Sirius XM by 3.2% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 144,024 shares of the company’s stock valued at $651,000 after purchasing an additional 4,413 shares during the period. 10.69% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Kristina Salen sold 12,518 shares of Sirius XM stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $2.62, for a total value of $32,797.16. Following the transaction, the director now directly owns 181,827 shares in the company, valued at approximately $476,386.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.79% of the company’s stock.

Sirius XM Stock Down 1.2 %

Shares of Sirius XM stock opened at $2.56 on Friday. The business has a fifty day simple moving average of $3.06 and a 200-day simple moving average of $4.24. Sirius XM Holdings Inc. has a fifty-two week low of $2.52 and a fifty-two week high of $7.95. The firm has a market cap of $9.85 billion, a price-to-earnings ratio of 7.76, a price-to-earnings-growth ratio of 0.84 and a beta of 1.08.

Sirius XM (NASDAQ:SIRIGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Sirius XM had a net margin of 14.38% and a negative return on equity of 47.17%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the company earned $0.06 EPS. Sirius XM’s revenue was up .8% on a year-over-year basis. Analysts anticipate that Sirius XM Holdings Inc. will post 0.31 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Friday, May 10th were issued a $0.0266 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.11 annualized dividend and a dividend yield of 4.16%. Sirius XM’s dividend payout ratio is currently 33.33%.

Analysts Set New Price Targets

SIRI has been the topic of a number of recent research reports. Seaport Res Ptn upgraded Sirius XM from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. Benchmark reduced their target price on shares of Sirius XM from $7.00 to $6.50 and set a “buy” rating for the company in a research note on Wednesday, March 27th. Citigroup upgraded shares of Sirius XM from a “sell” rating to a “neutral” rating and dropped their price target for the company from $4.10 to $3.30 in a research note on Wednesday, April 24th. The Goldman Sachs Group upgraded Sirius XM from a “sell” rating to a “neutral” rating and reduced their price objective for the stock from $3.50 to $3.25 in a research report on Wednesday, May 1st. Finally, StockNews.com initiated coverage on Sirius XM in a research report on Saturday. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $4.33.

Read Our Latest Stock Report on SIRI

Sirius XM Company Profile

(Free Report)

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.

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

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