Exchange Traded Concepts LLC Has $104,000 Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Exchange Traded Concepts LLC raised its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 1,258.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 4,620 shares of the company’s stock after acquiring an additional 4,280 shares during the period. Exchange Traded Concepts LLC’s holdings in Sirius XM were worth $104,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Berkshire Hathaway Inc grew its stake in Sirius XM by 11.7% in the fourth quarter. Berkshire Hathaway Inc now owns 117,468,573 shares of the company’s stock valued at $2,678,283,000 after acquiring an additional 12,313,544 shares during the period. State of New Jersey Common Pension Fund D grew its stake in Sirius XM by 15.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 83,439 shares of the company’s stock valued at $1,902,000 after acquiring an additional 11,243 shares during the period. Oppenheimer & Co. Inc. grew its stake in Sirius XM by 58.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 50,618 shares of the company’s stock valued at $1,154,000 after acquiring an additional 18,720 shares during the period. Edgestream Partners L.P. acquired a new stake in Sirius XM in the fourth quarter valued at approximately $1,725,000. Finally, Truist Financial Corp acquired a new stake in Sirius XM in the fourth quarter valued at approximately $253,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Insider Buying and Selling at Sirius XM

In related news, Director Kristina Salen sold 1,651 shares of the business’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $22.27, for a total transaction of $36,767.77. Following the sale, the director now directly owns 15,471 shares in the company, valued at approximately $344,539.17. The trade was a 9.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.79% of the company’s stock.

Sirius XM Stock Performance

Shares of Sirius XM stock opened at $22.41 on Wednesday. The business’s fifty day simple moving average is $21.61 and its 200 day simple moving average is $22.61. The firm has a market capitalization of $7.57 billion, a P/E ratio of -3.44, a price-to-earnings-growth ratio of 0.31 and a beta of 0.91. Sirius XM Holdings Inc. has a 12 month low of $18.69 and a 12 month high of $41.60. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.11). The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.09 billion. Sirius XM had a positive return on equity of 6.77% and a negative net margin of 25.00%. The business’s revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 earnings per share. As a group, analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 4.82%. Sirius XM’s payout ratio is presently -16.56%.

Wall Street Analysts Forecast Growth

SIRI has been the subject of a number of research reports. Seaport Res Ptn raised Sirius XM from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 8th. Barrington Research reaffirmed an “outperform” rating and set a $28.00 target price on shares of Sirius XM in a research report on Friday, May 2nd. Finally, Rosenblatt Securities cut their target price on Sirius XM from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, May 2nd. Six analysts have rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Sirius XM currently has a consensus rating of “Hold” and an average target price of $26.17.

About Sirius XM

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.