30,606 Shares in Sirius XM Holdings Inc. $SIRI Purchased by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC acquired a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 30,606 shares of the company’s stock, valued at approximately $706,000.

A number of other large investors also recently added to or reduced their stakes in SIRI. AQR Capital Management LLC boosted its stake in shares of Sirius XM by 165.2% in the 2nd quarter. AQR Capital Management LLC now owns 5,191,440 shares of the company’s stock valued at $117,327,000 after purchasing an additional 3,233,922 shares during the last quarter. State Street Corp raised its stake in shares of Sirius XM by 0.7% during the fourth quarter. State Street Corp now owns 3,487,415 shares of the company’s stock worth $69,731,000 after buying an additional 25,906 shares during the last quarter. Check Capital Management Inc. CA lifted its holdings in Sirius XM by 2.0% in the first quarter. Check Capital Management Inc. CA now owns 2,942,595 shares of the company’s stock valued at $67,915,000 after buying an additional 59,095 shares during the period. Norges Bank acquired a new position in Sirius XM in the fourth quarter valued at approximately $57,124,000. Finally, Ameriprise Financial Inc. lifted its holdings in Sirius XM by 4.8% in the third quarter. Ameriprise Financial Inc. now owns 2,635,274 shares of the company’s stock valued at $61,336,000 after buying an additional 119,755 shares during the period. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on SIRI shares. Rosenblatt Securities lowered their target price on shares of Sirius XM from $46.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. JPMorgan Chase & Co. increased their price target on Sirius XM from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Citigroup restated a “sell” rating and issued a $22.00 price target (up from $19.00) on shares of Sirius XM in a research report on Monday, May 4th. Guggenheim reaffirmed a “buy” rating on shares of Sirius XM in a research note on Wednesday, June 17th. Finally, Weiss Ratings raised Sirius XM from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Sirius XM currently has a consensus rating of “Hold” and a consensus target price of $28.00.

Insider Activity

In other news, insider Scott Andrew Greenstein sold 20,744 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $29.83, for a total value of $618,793.52. Following the completion of the transaction, the insider owned 20,163 shares of the company’s stock, valued at $601,462.29. The trade was a 50.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.27% of the stock is owned by company insiders.

Sirius XM Stock Performance

Shares of NASDAQ:SIRI opened at $30.59 on Monday. The firm’s 50 day simple moving average is $28.60 and its 200 day simple moving average is $24.67. Sirius XM Holdings Inc. has a fifty-two week low of $19.76 and a fifty-two week high of $31.42. The company has a market capitalization of $10.30 billion, a price-to-earnings ratio of 12.91, a P/E/G ratio of 0.66 and a beta of 0.95. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.44 and a quick ratio of 0.44.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Sirius XM had a net margin of 9.86% and a return on equity of 9.19%. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the previous year, the company earned $0.59 earnings per share. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, sell-side analysts forecast that Sirius XM Holdings Inc. will post 3.1 earnings per share for the current year.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 11th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, May 11th. Sirius XM’s dividend payout ratio (DPR) is currently 45.57%.

About Sirius XM

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.