Allworth Financial LP Boosts Stake in Sirius XM Holdings Inc. $SIRI

Allworth Financial LP boosted its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 4,172.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 89,086 shares of the company’s stock after purchasing an additional 87,001 shares during the period. Allworth Financial LP’s holdings in Sirius XM were worth $2,046,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC purchased a new position in shares of Sirius XM during the 4th quarter valued at about $622,000. Nisa Investment Advisors LLC raised its stake in Sirius XM by 37.8% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,000 shares of the company’s stock worth $68,000 after acquiring an additional 823 shares during the period. Cerity Partners LLC raised its stake in Sirius XM by 70.4% during the 1st quarter. Cerity Partners LLC now owns 74,522 shares of the company’s stock worth $1,680,000 after acquiring an additional 30,791 shares during the period. CWM LLC boosted its position in shares of Sirius XM by 64.6% in the first quarter. CWM LLC now owns 53,214 shares of the company’s stock worth $1,200,000 after purchasing an additional 20,884 shares during the period. Finally, SBI Securities Co. Ltd. boosted its position in shares of Sirius XM by 49.2% in the first quarter. SBI Securities Co. Ltd. now owns 8,268 shares of the company’s stock worth $186,000 after purchasing an additional 2,727 shares during the period. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Insiders Place Their Bets

In other Sirius XM news, Director Kristina Salen sold 1,845 shares of Sirius XM stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $21.64, for a total transaction of $39,925.80. Following the completion of the sale, the director directly owned 19,969 shares of the company’s stock, valued at $432,129.16. The trade was a 8.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SIRI. Benchmark restated a “buy” rating and set a $30.00 target price (up previously from $28.00) on shares of Sirius XM in a research note on Friday, October 31st. JPMorgan Chase & Co. boosted their price objective on Sirius XM from $19.00 to $20.00 and gave the company an “underweight” rating in a research report on Friday, October 31st. Barrington Research reaffirmed an “outperform” rating and issued a $28.00 price objective on shares of Sirius XM in a research note on Monday, November 3rd. Zacks Research raised Sirius XM from a “strong sell” rating to a “hold” rating in a research note on Friday, August 15th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Sirius XM in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Sirius XM has an average rating of “Hold” and a consensus price target of $24.29.

Sirius XM Stock Down 0.4%

Sirius XM stock opened at $21.60 on Friday. The firm has a market capitalization of $7.27 billion, a P/E ratio of -3.20, a P/E/G ratio of 0.32 and a beta of 0.96. The stock’s fifty day simple moving average is $22.40 and its 200-day simple moving average is $22.47. Sirius XM Holdings Inc. has a twelve month low of $18.69 and a twelve month high of $29.18. 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 (NASDAQ:SIRI) last posted 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 positive return on equity of 3.73% and a negative net margin of 26.41%.The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the company earned ($8.74) EPS. Sirius XM’s revenue for the quarter was down .6% compared to the same quarter last year. Sirius XM has set its FY 2025 guidance at EPS. As a group, equities analysts expect 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 declared a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Wednesday, November 5th will be paid a $0.27 dividend. The ex-dividend date is Wednesday, November 5th. This represents a $1.08 dividend on an annualized basis and a yield of 5.0%. Sirius XM’s dividend payout ratio (DPR) is currently 38.16%.

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.