Sirius XM Holdings Inc. $SIRI Shares Sold by Bislett Management LLC

Bislett Management LLC lessened its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 5.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 773,309 shares of the company’s stock after selling 41,874 shares during the period. Sirius XM comprises about 12.2% of Bislett Management LLC’s portfolio, making the stock its 3rd biggest position. Bislett Management LLC owned 0.23% of Sirius XM worth $17,763,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Quaker Wealth Management LLC boosted its stake in shares of Sirius XM by 214.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 1,603 shares of the company’s stock valued at $37,000 after purchasing an additional 3,001 shares during the last quarter. True Wealth Design LLC lifted its holdings in Sirius XM by 47.8% in the second quarter. True Wealth Design LLC now owns 1,616 shares of the company’s stock valued at $37,000 after buying an additional 523 shares during the period. Geneos Wealth Management Inc. boosted its position in Sirius XM by 36.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock valued at $41,000 after acquiring an additional 493 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Sirius XM during the 2nd quarter worth about $44,000. Finally, Mid American Wealth Advisory Group Inc. bought a new position in shares of Sirius XM in the 2nd quarter worth about $48,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Wall Street Analyst Weigh In

SIRI has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Sirius XM from $19.00 to $20.00 and gave the stock an “underweight” rating in a research report on Friday, October 31st. Weiss Ratings restated a “hold (c-)” rating on shares of Sirius XM in a report on Tuesday, November 11th. Barrington Research reiterated an “outperform” rating and set a $28.00 price objective on shares of Sirius XM in a report on Monday, November 3rd. Rosenblatt Securities increased their price objective on shares of Sirius XM from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, August 4th. Finally, Benchmark reaffirmed a “buy” rating and issued a $30.00 target price (up from $28.00) on shares of Sirius XM in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Sirius XM has a consensus rating of “Hold” and a consensus target price of $24.29.

Sirius XM Trading Down 1.9%

SIRI opened at $21.10 on Tuesday. Sirius XM Holdings Inc. has a fifty-two week low of $18.69 and a fifty-two week high of $29.18. The firm has a market capitalization of $7.10 billion, a PE ratio of -3.13, a P/E/G ratio of 0.32 and a beta of 0.96. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.41 and a quick ratio of 0.41. The company’s 50-day moving average is $22.28 and its 200 day moving average is $22.49.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.84 EPS for the quarter, topping 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 firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the company posted ($8.74) EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. Sirius XM has set its FY 2025 guidance at EPS. As a group, research analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Wednesday, November 5th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Wednesday, November 5th. Sirius XM’s dividend payout ratio is presently 38.16%.

Insiders Place Their Bets

In other Sirius XM news, Director Kristina Salen sold 1,845 shares of Sirius XM stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $21.64, for a total transaction of $39,925.80. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.32% of the company’s stock.

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.