Vanguard Personalized Indexing Management LLC Reduces Stake in Sirius XM Holdings Inc. $SIRI

Vanguard Personalized Indexing Management LLC lessened its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 47.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,218 shares of the company’s stock after selling 9,968 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Sirius XM were worth $262,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of SIRI. Deseret Mutual Benefit Administrators boosted its position in Sirius XM by 79.3% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,594 shares of the company’s stock worth $36,000 after purchasing an additional 705 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Sirius XM by 36.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock worth $41,000 after purchasing an additional 493 shares in the last quarter. Golden State Wealth Management LLC boosted its position in Sirius XM by 3,263.3% in the 1st quarter. Golden State Wealth Management LLC now owns 2,018 shares of the company’s stock worth $46,000 after purchasing an additional 1,958 shares in the last quarter. Richards Merrill & Peterson Inc. purchased a new stake in Sirius XM in the 1st quarter worth approximately $52,000. Finally, State of Wyoming purchased a new stake in Sirius XM in the 1st quarter worth approximately $62,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Stock Up 0.4%

NASDAQ SIRI opened at $21.40 on Friday. Sirius XM Holdings Inc. has a one year low of $18.69 and a one year high of $29.18. The company has a market cap of $7.21 billion, a P/E ratio of -3.17, a P/E/G ratio of 0.33 and a beta of 0.93. The business has a fifty day moving average price of $22.79 and a 200 day moving average price of $22.33. 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 (NASDAQ:SIRI) last posted its quarterly 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 company had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the prior year, the firm earned $0.80 EPS. The firm’s revenue was down 1.8% on a year-over-year basis. Sirius XM has set its FY 2025 guidance at EPS. Research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Wednesday, November 5th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 5.0%. The ex-dividend date is Wednesday, November 5th. Sirius XM’s payout ratio is presently -16.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SIRI shares. Wells Fargo & Company lowered their price objective on Sirius XM from $19.00 to $18.00 and set an “underweight” rating on the stock in a research report on Friday, August 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sirius XM in a research note on Tuesday, October 14th. Morgan Stanley upped their target price on Sirius XM from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note 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 research note on Monday, August 4th. Finally, Zacks Research raised Sirius XM from a “strong sell” rating to a “hold” rating in a research note on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $25.13.

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.