Sirius XM Holdings Inc. $SIRI Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC increased its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 5.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,961 shares of the company’s stock after acquiring an additional 2,859 shares during the quarter. HighTower Advisors LLC’s holdings in Sirius XM were worth $1,329,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. AIA Group Ltd acquired a new position in shares of Sirius XM during the 1st quarter valued at about $357,000. Nuveen LLC acquired a new position in Sirius XM in the first quarter valued at about $12,494,000. Invesco Ltd. lifted its position in Sirius XM by 2.9% in the first quarter. Invesco Ltd. now owns 258,593 shares of the company’s stock valued at $5,830,000 after buying an additional 7,382 shares during the last quarter. Townsquare Capital LLC acquired a new position in Sirius XM in the first quarter valued at about $1,003,000. Finally, LSV Asset Management lifted its position in Sirius XM by 41.5% in the first quarter. LSV Asset Management now owns 3,197,800 shares of the company’s stock valued at $72,094,000 after buying an additional 937,500 shares during the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Wall Street Analysts Forecast Growth

SIRI has been the topic of a number of recent analyst reports. Guggenheim reaffirmed a “buy” rating and issued a $29.00 target price on shares of Sirius XM in a research report on Thursday, June 26th. Zacks Research raised shares of Sirius XM from a “strong sell” rating to a “hold” rating in a research report on Friday, August 15th. Barrington Research reaffirmed an “outperform” rating and issued a $28.00 target price on shares of Sirius XM in a research report on Friday, August 1st. Wells Fargo & Company decreased their target price on shares of Sirius XM from $19.00 to $18.00 and set an “underweight” rating on the stock in a research report on Friday, August 1st. Finally, Rosenblatt Securities upped their target price on shares of Sirius XM from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $26.18.

Sirius XM Stock Down 1.5%

Shares of NASDAQ:SIRI opened at $23.08 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.41 and a quick ratio of 0.41. The firm has a market capitalization of $7.77 billion, a PE ratio of -3.42, a price-to-earnings-growth ratio of 0.36 and a beta of 0.92. The firm’s 50-day moving average is $22.85 and its two-hundred day moving average is $22.60. Sirius XM Holdings Inc. has a 1 year low of $18.69 and a 1 year high of $33.35.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.22). The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Sirius XM had a positive return on equity of 3.73% and a negative net margin of 26.41%.The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the company earned $0.80 earnings per share. Sirius XM has set its FY 2025 guidance at EPS. Analysts predict 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 will be paid on Wednesday, August 27th. Investors of record on Friday, August 8th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.08 annualized dividend and a yield of 4.7%. Sirius XM’s dividend payout ratio (DPR) is -16.00%.

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.