Sirius XM Holdings Inc. $SIRI Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 40.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 344,604 shares of the company’s stock after acquiring an additional 99,392 shares during the quarter. Advisors Asset Management Inc. owned 0.10% of Sirius XM worth $7,916,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Laurel Wealth Advisors LLC increased its holdings in shares of Sirius XM by 2,197.4% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 5,284 shares of the company’s stock valued at $121,000 after acquiring an additional 5,054 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Sirius XM during the second quarter worth about $927,000. AXQ Capital LP lifted its holdings in shares of Sirius XM by 167.4% during the second quarter. AXQ Capital LP now owns 50,225 shares of the company’s stock worth $1,154,000 after purchasing an additional 31,443 shares during the period. Legal & General Group Plc increased its stake in shares of Sirius XM by 6.7% during the second quarter. Legal & General Group Plc now owns 262,660 shares of the company’s stock worth $6,033,000 after acquiring an additional 16,469 shares during the period. Finally, Entropy Technologies LP acquired a new stake in shares of Sirius XM in the 2nd quarter valued at approximately $420,000. 10.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SIRI. 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sirius XM in a report on Monday. Zacks Research raised shares of Sirius XM from a “strong sell” rating to a “hold” rating in a research report on Friday, August 15th. Wells Fargo & Company lowered their price objective on shares of Sirius XM from $19.00 to $18.00 and set an “underweight” rating for the company in a research report on Friday, August 1st. Finally, Benchmark reissued a “buy” rating and set a $30.00 price target (up previously from $28.00) on shares of Sirius XM in a research report on Friday, October 31st. One research 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 issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $24.29.

Sirius XM Price Performance

NASDAQ SIRI opened at $20.99 on Wednesday. Sirius XM Holdings Inc. has a 12 month low of $18.69 and a 12 month high of $29.18. The firm has a market capitalization of $7.06 billion, a PE ratio of -3.11, a P/E/G ratio of 0.32 and a beta of 0.96. The company’s 50 day simple moving average is $21.93 and its 200 day simple moving average is $22.46. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.41 and a quick ratio of 0.41.

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

Sirius XM Announces Dividend

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

Insider Activity

In other news, Director Kristina Salen sold 1,845 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $21.64, for a total transaction of $39,925.80. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.32% of the stock is owned by insiders.

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.