Strs Ohio Makes New Investment in Sirius XM Holdings Inc. $SIRI

Strs Ohio bought a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 36,116 shares of the company’s stock, valued at approximately $814,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC bought a new stake in shares of Sirius XM in the fourth quarter valued at about $622,000. Cetera Investment Advisers lifted its holdings in shares of Sirius XM by 36.4% in the fourth quarter. Cetera Investment Advisers now owns 36,413 shares of the company’s stock valued at $830,000 after purchasing an additional 9,710 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Sirius XM by 20.6% in the fourth quarter. Nuveen Asset Management LLC now owns 599,357 shares of the company’s stock valued at $13,665,000 after purchasing an additional 102,420 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Sirius XM in the fourth quarter valued at about $383,000. Finally, Tidal Investments LLC bought a new stake in shares of Sirius XM in the fourth quarter valued at about $775,000. 10.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SIRI shares. Guggenheim restated a “buy” rating and issued a $29.00 price target on shares of Sirius XM in a report on Thursday, June 26th. Barrington Research reiterated an “outperform” rating and set a $28.00 target price on shares of Sirius XM in a report on Friday, August 1st. Morgan Stanley upped their target price on Sirius XM from $21.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, July 16th. Rosenblatt Securities upped their target price on Sirius XM from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. Finally, Zacks Research upgraded Sirius XM from a “strong sell” rating to a “hold” rating in a report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Sirius XM currently has an average rating of “Hold” and a consensus price target of $26.18.

Sirius XM Price Performance

Sirius XM stock opened at $23.12 on Friday. Sirius XM Holdings Inc. has a 12 month low of $18.69 and a 12 month high of $29.18. The stock’s 50 day moving average is $23.03 and its 200-day moving average is $22.41. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $7.79 billion, a price-to-earnings ratio of -3.43, a PEG ratio of 0.35 and a beta of 0.95.

Sirius XM (NASDAQ:SIRI) last posted its earnings results on Thursday, July 31st. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.22). Sirius XM had a negative net margin of 26.41% and a positive return on equity of 3.73%. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the company posted $0.80 EPS. Sirius XM’s revenue for the quarter was down 1.8% compared to the same quarter last year. Sirius XM has set its FY 2025 guidance at EPS. Equities research analysts expect that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Friday, August 8th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.08 dividend on an annualized basis and a yield of 4.7%. Sirius XM’s dividend payout ratio is currently -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.