KLP Kapitalforvaltning AS Has $1.05 Million Holdings in Sirius XM Holdings Inc. $SIRI

KLP Kapitalforvaltning AS raised its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 6.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,558 shares of the company’s stock after buying an additional 2,600 shares during the period. KLP Kapitalforvaltning AS’s holdings in Sirius XM were worth $1,046,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Valeo Financial Advisors LLC bought a new position in shares of Sirius XM in the second quarter worth about $239,000. Ninety One UK Ltd raised its stake in shares of Sirius XM by 78.3% during the second quarter. Ninety One UK Ltd now owns 342,090 shares of the company’s stock worth $7,858,000 after buying an additional 150,261 shares during the last quarter. Columbia Asset Management raised its stake in shares of Sirius XM by 33.8% during the second quarter. Columbia Asset Management now owns 12,280 shares of the company’s stock worth $282,000 after buying an additional 3,100 shares during the last quarter. Paragon Capital Management Ltd bought a new stake in shares of Sirius XM during the second quarter worth approximately $204,000. Finally, State of Alaska Department of Revenue raised its stake in shares of Sirius XM by 22.3% during the second quarter. State of Alaska Department of Revenue now owns 164,242 shares of the company’s stock worth $3,772,000 after buying an additional 30,000 shares during the last quarter. 10.69% of the stock is owned by institutional investors.

Sirius XM Stock Up 1.6%

Sirius XM stock opened at $21.80 on Wednesday. The stock has a market capitalization of $7.34 billion, a PE ratio of -3.23, a price-to-earnings-growth ratio of 0.33 and a beta of 0.93. Sirius XM Holdings Inc. has a twelve month low of $18.69 and a twelve month high of $29.18. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.89. The company has a 50 day moving average of $22.83 and a 200-day moving average of $22.31.

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 positive return on equity of 3.73% and a negative net margin of 26.41%.The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the previous year, the company posted $0.80 EPS. The business’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. On average, equities research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS 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 paid a $0.27 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.08 annualized dividend and a yield of 5.0%. Sirius XM’s dividend payout ratio is currently -16.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SIRI shares. Zacks Research raised shares of Sirius XM from a “strong sell” rating to a “hold” rating in a research note on Friday, August 15th. Guggenheim reissued a “buy” rating and set a $29.00 price target on shares of Sirius XM in a research note on Thursday, June 26th. Morgan Stanley boosted 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, July 16th. Barrington Research restated an “outperform” rating and set a $28.00 price objective on shares of Sirius XM in a report on Friday, August 1st. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Sirius XM in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, three 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.com, Sirius XM presently has a consensus rating of “Hold” and an average price target of $24.89.

About Sirius XM

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.