Signaturefd LLC Has $114,000 Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Posted by on Jul 25th, 2023

Signaturefd LLC boosted its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI – Free Report) by 217.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,744 shares of the company’s stock after buying an additional 19,694 shares during the quarter. Signaturefd LLC’s holdings in Sirius XM were worth $114,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SIRI. PNC Financial Services Group Inc. lifted its holdings in Sirius XM by 1.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 149,557 shares of the company’s stock worth $989,000 after buying an additional 1,845 shares during the period. MetLife Investment Management LLC bought a new position in shares of Sirius XM in the 1st quarter worth about $115,000. Rhumbline Advisers raised its position in shares of Sirius XM by 0.5% in the 1st quarter. Rhumbline Advisers now owns 1,050,105 shares of the company’s stock worth $6,952,000 after acquiring an additional 4,947 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of Sirius XM by 49.7% in the 1st quarter. Allianz Asset Management GmbH now owns 47,596 shares of the company’s stock worth $315,000 after acquiring an additional 15,809 shares in the last quarter. Finally, Prudential PLC bought a new position in shares of Sirius XM in the 1st quarter worth about $293,000. 10.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Robin S. Hickenlooper sold 11,000 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $3.81, for a total value of $41,910.00. Following the transaction, the director now owns 94,765 shares in the company, valued at approximately $361,054.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SIRI. Evercore ISI lowered Sirius XM from an “in-line” rating to an “underperform” rating and set a $4.50 price objective for the company. in a research report on Friday. Barrington Research lowered their price objective on Sirius XM from $5.50 to $5.00 in a research report on Wednesday, May 3rd. Pivotal Research lowered Sirius XM from a “hold” rating to a “sell” rating and lifted their price objective for the stock from $4.00 to $4.50 in a research report on Friday. Morgan Stanley decreased their target price on Sirius XM from $5.40 to $4.40 and set an “underweight” rating for the company in a research report on Thursday, April 13th. Finally, Deutsche Bank Aktiengesellschaft lowered Sirius XM from a “buy” rating to a “sell” rating and set a $6.25 target price for the company. in a research report on Friday. Six research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.06.

Sirius XM Stock Performance

Shares of SIRI opened at $6.00 on Tuesday. The stock has a 50 day moving average price of $4.22 and a two-hundred day moving average price of $4.36. The firm has a market capitalization of $23.21 billion, a P/E ratio of 21.43, a P/E/G ratio of 3.31 and a beta of 1.01. Sirius XM Holdings Inc. has a 52 week low of $3.32 and a 52 week high of $7.95.

Sirius XM (NASDAQ:SIRI – Get Free Report) last issued its quarterly earnings data on Thursday, April 27th. The company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.17 billion. Sirius XM had a negative return on equity of 34.09% and a net margin of 12.69%. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 EPS. On average, equities analysts forecast that Sirius XM Holdings Inc. will post 0.3 earnings per share for the current year.

Sirius XM Company Profile

(Free Report)

Sirius XM Holdings Inc, an audio entertainment company, operates audio business including subscription entertainment services in the United States. It operates through Sirius XM, and Pandora and Off-platform segment. The company's Sirius XM segment provides music, sports, entertainment, comedy, 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 system and streamed via applications for mobile and home devices, and other consumer electronic equipment.

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Institutional Ownership by Quarter for Sirius XM (NASDAQ:SIRI)

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