Sirius XM Holdings Inc. $SIRI Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. increased its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 75.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,935 shares of the company’s stock after purchasing an additional 4,283 shares during the period. Bessemer Group Inc.’s holdings in Sirius XM were worth $229,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC acquired a new position in Sirius XM in the 4th quarter valued at $622,000. Vontobel Holding Ltd. acquired a new stake in Sirius XM in the 1st quarter valued at $205,000. Teacher Retirement System of Texas increased its holdings in Sirius XM by 298.8% in the 1st quarter. Teacher Retirement System of Texas now owns 81,045 shares of the company’s stock valued at $1,827,000 after purchasing an additional 60,723 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in Sirius XM by 22.7% in the 1st quarter. Penserra Capital Management LLC now owns 140,109 shares of the company’s stock worth $3,158,000 after buying an additional 25,925 shares in the last quarter. Finally, Ninety One UK Ltd boosted its position in Sirius XM by 8.3% in the 1st quarter. Ninety One UK Ltd now owns 191,829 shares of the company’s stock valued at $4,325,000 after buying an additional 14,718 shares during the last quarter. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sirius XM in a research report on Tuesday, October 14th. Zacks Research raised Sirius XM from a “strong sell” rating to a “hold” rating in a report on Friday, August 15th. Benchmark reissued 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. Rosenblatt Securities boosted 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, Wells Fargo & Company decreased their price target on shares of Sirius XM from $19.00 to $18.00 and set an “underweight” rating on the stock in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sirius XM has a consensus rating of “Hold” and a consensus target price of $24.29.

Sirius XM Trading Up 0.9%

Shares of NASDAQ:SIRI opened at $21.89 on Tuesday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.89. Sirius XM Holdings Inc. has a 1 year low of $18.69 and a 1 year high of $29.18. The firm has a fifty day moving average price of $22.67 and a 200 day moving average price of $22.44. The stock has a market capitalization of $7.37 billion, a PE ratio of -3.24, a P/E/G ratio of 0.32 and a beta of 0.93.

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

Sirius XM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Wednesday, November 5th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, November 5th. This represents a $1.08 annualized dividend and a dividend yield of 4.9%. Sirius XM’s dividend payout ratio (DPR) is presently 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.