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

Cerity Partners LLC increased its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 70.4% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 74,522 shares of the company’s stock after purchasing an additional 30,791 shares during the period. Cerity Partners LLC’s holdings in Sirius XM were worth $1,680,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SIRI. Opal Wealth Advisors LLC purchased a new stake in shares of Sirius XM in the 1st quarter valued at $25,000. Putney Financial Group LLC purchased a new stake in shares of Sirius XM in the 4th quarter valued at $27,000. Deseret Mutual Benefit Administrators boosted its stake in shares of Sirius XM by 79.3% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,594 shares of the company’s stock valued at $36,000 after purchasing an additional 705 shares in the last quarter. Itau Unibanco Holding S.A. raised its holdings in Sirius XM by 255.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company’s stock valued at $42,000 after buying an additional 1,321 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its holdings in Sirius XM by 3,263.3% during the 1st quarter. Golden State Wealth Management LLC now owns 2,018 shares of the company’s stock valued at $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.

Insider Buying and Selling

In other Sirius XM news, Director Kristina Salen sold 1,651 shares of the business’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $22.27, for a total value 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. The trade was a 9.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.79% of the company’s stock.

Sirius XM Trading Up 0.6%

SIRI stock opened at $23.56 on Monday. The firm has a fifty day moving average price of $22.59 and a 200 day moving average price of $22.63. Sirius XM Holdings Inc. has a fifty-two week low of $18.69 and a fifty-two week high of $41.20. 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 has a market cap of $7.96 billion, a PE ratio of -3.61, a price-to-earnings-growth ratio of 0.34 and a beta of 0.92.

Sirius XM (NASDAQ:SIRI) last posted 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). The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Sirius XM had a positive return on equity of 6.77% and a negative net margin of 25.00%. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.07 earnings per share. Sell-side analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SIRI has been the subject of a number of recent analyst reports. Seaport Res Ptn upgraded shares of Sirius XM from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. Morgan Stanley upped their price target on shares of Sirius XM from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, July 16th. Wells Fargo & Company upped their price target on shares of Sirius XM from $16.00 to $19.00 and gave the company an “underweight” rating in a report on Wednesday, July 2nd. Guggenheim reiterated a “buy” rating and set a $29.00 price target on shares of Sirius XM in a report on Thursday, June 26th. Finally, Barrington Research restated an “outperform” rating and issued a $28.00 price objective on shares of Sirius XM in a report on Friday, May 2nd. Six analysts have rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $26.50.

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.