CW Advisors LLC Grows Position in Sirius XM Holdings Inc. $SIRI

CW Advisors LLC boosted its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 101.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 229,406 shares of the company’s stock after acquiring an additional 115,320 shares during the period. CW Advisors LLC owned 0.07% of Sirius XM worth $5,269,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Sirius XM by 661.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,577,176 shares of the company’s stock valued at $80,630,000 after purchasing an additional 3,107,313 shares during the last quarter. Norges Bank purchased a new stake in shares of Sirius XM in the second quarter worth about $43,152,000. AQR Capital Management LLC boosted its stake in Sirius XM by 209.9% during the first quarter. AQR Capital Management LLC now owns 1,957,518 shares of the company’s stock valued at $43,770,000 after buying an additional 1,325,870 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Sirius XM by 42.0% during the 1st quarter. Ameriprise Financial Inc. now owns 2,345,364 shares of the company’s stock valued at $52,876,000 after buying an additional 693,473 shares in the last quarter. Finally, Chou Associates Management Inc. increased its stake in Sirius XM by 5,479.5% in the 1st quarter. Chou Associates Management Inc. now owns 702,462 shares of the company’s stock worth $15,837,000 after acquiring an additional 689,872 shares during the last quarter. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SIRI shares. Rosenblatt Securities reiterated a “neutral” rating and set a $23.00 target price on shares of Sirius XM in a research report on Monday, December 1st. JPMorgan Chase & Co. increased their price objective on shares of 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 restated an “outperform” rating and issued a $28.00 target price on shares of Sirius XM in a report on Monday, November 3rd. Benchmark reaffirmed a “buy” rating and issued a $30.00 price target (up previously from $28.00) on shares of Sirius XM in a report on Friday, October 31st. Finally, Zacks Research upgraded Sirius XM from a “strong sell” rating to a “hold” rating in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Sirius XM currently has a consensus rating of “Hold” and a consensus target price of $24.29.

Insiders Place Their Bets

In other Sirius XM news, Director Kristina Salen sold 1,845 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $21.64, for a total value of $39,925.80. Following the sale, the director owned 19,969 shares in the company, valued at $432,129.16. This trade represents a 8.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.32% of the stock is currently owned by insiders.

Sirius XM Price Performance

SIRI stock opened at $22.03 on Friday. The stock has a market cap of $7.41 billion, a PE ratio of 7.78, a P/E/G ratio of 0.32 and a beta of 0.92. Sirius XM Holdings Inc. has a 12 month low of $18.69 and a 12 month high of $29.18. The company has a 50-day moving average price of $21.66 and a 200 day moving average price of $22.40. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.78.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.05. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. Sirius XM had a net margin of 11.61% and a return on equity of 8.79%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned ($8.74) earnings per share. Equities research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Wednesday, November 5th were issued a dividend of $0.27 per share. The ex-dividend date was Wednesday, November 5th. This represents a $1.08 dividend on an annualized basis and a yield of 4.9%. Sirius XM’s payout ratio is presently 38.16%.

About Sirius XM

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.