Nisa Investment Advisors LLC Grows Stake in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Nisa Investment Advisors LLC lifted its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 37.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,000 shares of the company’s stock after purchasing an additional 823 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Sirius XM were worth $68,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Opal Wealth Advisors LLC purchased a new stake in Sirius XM during the 1st quarter valued at $25,000. Putney Financial Group LLC bought a new position in shares of Sirius XM during the fourth quarter valued at $27,000. Deseret Mutual Benefit Administrators boosted its position in shares of Sirius XM by 79.3% during the first quarter. Deseret Mutual Benefit Administrators now owns 1,594 shares of the company’s stock valued at $36,000 after buying an additional 705 shares during the last quarter. Itau Unibanco Holding S.A. increased its holdings in Sirius XM by 255.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company’s stock worth $42,000 after buying an additional 1,321 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its position in Sirius XM by 3,263.3% in the 1st quarter. Golden State Wealth Management LLC now owns 2,018 shares of the company’s stock worth $46,000 after buying an additional 1,958 shares during the last quarter. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Stock Up 0.6%

SIRI opened at $23.56 on Friday. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of -3.61, a price-to-earnings-growth ratio of 0.34 and a beta of 0.92. 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 firm’s fifty day moving average is $22.59 and its 200 day moving average is $22.63. 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 announced its quarterly earnings data on Thursday, May 1st. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.11). Sirius XM had a negative net margin of 25.00% and a positive return on equity of 6.77%. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the previous year, the firm earned $0.07 earnings per share. Sirius XM’s revenue was down 4.3% on a year-over-year basis. On average, sell-side analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Barrington Research reaffirmed an “outperform” rating and set a $28.00 price target on shares of Sirius XM in a report on Friday, May 2nd. Rosenblatt Securities dropped 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. Seaport Res Ptn upgraded shares of Sirius XM from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. Guggenheim reaffirmed a “buy” rating and set a $29.00 target price on shares of Sirius XM in a report on Thursday, June 26th. Finally, Morgan Stanley lifted their price target on shares of Sirius XM from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday. Six investment analysts have rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $26.50.

Insiders Place Their Bets

In other news, Director Kristina Salen sold 1,651 shares of Sirius XM stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $22.27, for a total transaction of $36,767.77. Following the sale, the director owned 15,471 shares in the company, valued at $344,539.17. This trade represents a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.32% of the stock is 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.