Y Intercept Hong Kong Ltd Takes Position in Sirius XM Holdings Inc. $SIRI

Y Intercept Hong Kong Ltd purchased a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 64,658 shares of the company’s stock, valued at approximately $1,485,000.

A number of other institutional investors also recently modified their holdings of SIRI. Geneos Wealth Management Inc. lifted its holdings in shares of Sirius XM by 36.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock valued at $41,000 after purchasing an additional 493 shares in the last quarter. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Sirius XM in the second quarter valued at about $48,000. Richards Merrill & Peterson Inc. bought a new stake in shares of Sirius XM in the first quarter valued at about $52,000. State of Wyoming bought a new stake in shares of Sirius XM in the first quarter valued at about $62,000. Finally, MCF Advisors LLC lifted its holdings in shares of Sirius XM by 4,480.3% in the first quarter. MCF Advisors LLC now owns 2,794 shares of the company’s stock valued at $63,000 after purchasing an additional 2,733 shares in the last quarter. 10.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on SIRI. Rosenblatt Securities boosted their price target on Sirius XM from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, August 4th. 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sirius XM in a report on Tuesday, October 14th. Zacks Research upgraded Sirius XM from a “strong sell” rating to a “hold” rating in a report on Friday, August 15th. Finally, Benchmark reiterated a “buy” rating and set a $30.00 target price (up previously from $28.00) on shares of Sirius XM in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $24.13.

Sirius XM Price Performance

Shares of NASDAQ SIRI opened at $21.69 on Monday. The business’s 50 day moving average price is $22.70 and its two-hundred day moving average price is $22.43. The company has a market cap of $7.30 billion, a PE ratio of -3.21, a price-to-earnings-growth ratio of 0.32 and a beta of 0.93. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.89. Sirius XM Holdings Inc. has a twelve month low of $18.69 and a twelve month high of $29.18.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.05. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. Sirius XM had a positive return on equity of 3.73% and a negative net margin of 26.41%.The business’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($8.74) earnings per share. Sirius XM has set its FY 2025 guidance at EPS. On average, analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Wednesday, November 5th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Wednesday, November 5th. Sirius XM’s payout ratio is 38.16%.

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.