National Pension Service boosted its holdings in shares of Sirius XM Holdings Inc (NASDAQ:SIRI) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,537,796 shares of the company’s stock after buying an additional 132,497 shares during the quarter. National Pension Service owned approximately 0.06% of Sirius XM worth $15,874,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Point72 Hong Kong Ltd bought a new position in shares of Sirius XM in the second quarter valued at about $29,000. Rockefeller Capital Management L.P. lifted its stake in shares of Sirius XM by 533.0% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 5,393 shares of the company’s stock worth $30,000 after buying an additional 4,541 shares during the last quarter. Bartlett & Co. LLC bought a new stake in shares of Sirius XM during the 3rd quarter worth about $31,000. Coastal Capital Group Inc. bought a new stake in shares of Sirius XM during the 2nd quarter worth about $32,000. Finally, Westside Investment Management Inc. bought a new stake in shares of Sirius XM during the 2nd quarter worth about $37,000. 17.75% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:SIRI opened at $6.89 on Tuesday. The company has a market capitalization of $30.50 billion, a P/E ratio of 26.50, a P/E/G ratio of 2.71 and a beta of 1.02. Sirius XM Holdings Inc has a 1 year low of $5.23 and a 1 year high of $7.00. The company has a debt-to-equity ratio of 46.63, a current ratio of 0.29 and a quick ratio of 0.28. The business’s 50 day simple moving average is $6.71 and its 200 day simple moving average is $6.15.
Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Sirius XM had a negative return on equity of 129.67% and a net margin of 12.76%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the company earned $0.07 earnings per share. The company’s quarterly revenue was up 37.1% on a year-over-year basis. On average, sell-side analysts anticipate that Sirius XM Holdings Inc will post 0.21 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 8th were given a $0.0133 dividend. The ex-dividend date was Thursday, November 7th. This is a boost from Sirius XM’s previous quarterly dividend of $0.01. This represents a $0.05 annualized dividend and a dividend yield of 0.77%. Sirius XM’s payout ratio is presently 19.23%.
Several research analysts have weighed in on the stock. Pivotal Research reissued a “buy” rating and issued a $7.70 price target on shares of Sirius XM in a report on Friday, August 9th. Wells Fargo & Co initiated coverage on Sirius XM in a report on Monday, September 23rd. They set an “outperform” rating and a $8.00 price objective for the company. ValuEngine raised Sirius XM from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Benchmark began coverage on Sirius XM in a research note on Wednesday, October 9th. They set a “hold” rating and a $8.00 target price on the stock. Finally, Morgan Stanley set a $7.50 target price on Sirius XM and gave the stock a “hold” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $7.45.
In related news, CEO James E. Meyer sold 1,523,395 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $6.81, for a total value of $10,374,319.95. Following the sale, the chief executive officer now directly owns 10,404,922 shares of the company’s stock, valued at $70,857,518.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David J. Frear sold 222,507 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $6.94, for a total value of $1,544,198.58. Following the completion of the sale, the chief financial officer now directly owns 1,409,229 shares in the company, valued at $9,780,049.26. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,055,641 shares of company stock valued at $14,016,229. 0.93% of the stock is currently owned by insiders.
Sirius XM Company Profile
Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres ranging from rock, pop and hip-hop, country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.
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