Amalgamated Bank Sells 711 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Amalgamated Bank lessened its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 6.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,153 shares of the company’s stock after selling 711 shares during the quarter. Amalgamated Bank’s holdings in Sirius XM were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SIRI. Brighton Jones LLC bought a new position in shares of Sirius XM during the fourth quarter valued at approximately $622,000. Victory Capital Management Inc. bought a new position in shares of Sirius XM during the fourth quarter valued at approximately $946,000. Proficio Capital Partners LLC raised its holdings in shares of Sirius XM by 5.9% during the fourth quarter. Proficio Capital Partners LLC now owns 14,258 shares of the company’s stock valued at $325,000 after acquiring an additional 791 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Sirius XM by 4.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 14,856 shares of the company’s stock valued at $339,000 after acquiring an additional 630 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Sirius XM by 4.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,821 shares of the company’s stock valued at $931,000 after acquiring an additional 1,863 shares in the last quarter. Institutional investors own 10.69% of the company’s stock.

Sirius XM Price Performance

Shares of NASDAQ SIRI opened at $24.21 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market cap of $8.18 billion, a PE ratio of -3.71, a P/E/G ratio of 0.35 and a beta of 0.92. The business has a 50-day simple moving average of $22.37 and a two-hundred day simple moving average of $22.61. Sirius XM Holdings Inc. has a fifty-two week low of $18.69 and a fifty-two week high of $41.20.

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

Sirius XM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.46%. The ex-dividend date of this dividend was Friday, May 9th. Sirius XM’s payout ratio is -16.56%.

Analyst Ratings Changes

A number of research firms have issued reports on SIRI. Barrington Research reiterated an “outperform” rating and issued a $28.00 price objective on shares of Sirius XM in a report on Friday, May 2nd. Wells Fargo & Company increased their price objective on Sirius XM from $16.00 to $19.00 and gave the stock an “underweight” rating in a report on Wednesday, July 2nd. Rosenblatt Securities decreased their price objective on Sirius XM from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, May 2nd. Seaport Res Ptn upgraded Sirius XM from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. Finally, Guggenheim restated a “buy” rating and set a $29.00 price target on shares of Sirius XM in a report on Thursday, June 26th. Six equities research analysts have rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Sirius XM presently has a consensus rating of “Hold” and an average target price of $26.42.

Insider Activity

In related news, Director Kristina Salen sold 1,651 shares of Sirius XM stock in a transaction that occurred 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 completion of the transaction, the director directly owned 15,471 shares in the company, valued at approximately $344,539.17. This trade represents a 9.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.32% of the stock is currently owned by insiders.

Sirius XM Company 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.