Sirius XM Holdings Inc. $SIRI Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC trimmed its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 6.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,168 shares of the company’s stock after selling 907 shares during the period. Farther Finance Advisors LLC’s holdings in Sirius XM were worth $302,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SIRI. Brighton Jones LLC acquired a new stake in Sirius XM in the 4th quarter worth about $622,000. Two Sigma Investments LP acquired a new stake in Sirius XM in the 4th quarter worth about $670,000. Mackenzie Financial Corp boosted its stake in Sirius XM by 28.3% in the 4th quarter. Mackenzie Financial Corp now owns 36,275 shares of the company’s stock worth $827,000 after buying an additional 8,012 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Sirius XM by 42.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 99,595 shares of the company’s stock worth $2,271,000 after buying an additional 29,839 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in Sirius XM by 31.2% in the 4th quarter. California State Teachers Retirement System now owns 205,885 shares of the company’s stock worth $4,694,000 after buying an additional 48,964 shares during the last quarter. 10.69% of the stock is owned by institutional investors and hedge funds.

Sirius XM Stock Performance

Shares of NASDAQ:SIRI opened at $22.69 on Tuesday. The company has a market cap of $7.64 billion, a P/E ratio of -3.36, a PEG ratio of 0.35 and a beta of 0.95. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.41 and a current ratio of 0.41. Sirius XM Holdings Inc. has a one year low of $18.69 and a one year high of $29.18. The business’s 50-day simple moving average is $22.93 and its 200 day simple moving average is $22.38.

Sirius XM (NASDAQ:SIRI) last announced 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 company had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the previous year, the business posted $0.80 earnings per share. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. Sirius XM has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Friday, August 8th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, August 8th. This represents a $1.08 annualized dividend and a yield of 4.8%. Sirius XM’s payout ratio is currently -16.00%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Wells Fargo & Company cut their price objective on Sirius XM from $19.00 to $18.00 and set an “underweight” rating on the stock in a report on Friday, August 1st. Zacks Research upgraded Sirius XM from a “strong sell” rating to a “hold” rating in a report on Friday, August 15th. Guggenheim restated a “buy” rating and issued a $29.00 price objective on shares of Sirius XM in a report on Thursday, June 26th. Morgan Stanley raised their price objective on Sirius XM from $21.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, July 16th. Finally, Rosenblatt Securities raised their price objective on Sirius XM from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, Sirius XM presently has a consensus rating of “Hold” and a consensus target price of $26.70.

Sirius XM 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.