Tower Research Capital LLC TRC raised its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI – Free Report) by 309.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 184,074 shares of the company’s stock after buying an additional 139,155 shares during the period. Tower Research Capital LLC TRC’s holdings in Sirius XM were worth $730,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in shares of Sirius XM by 1.2% during the first quarter. PNC Financial Services Group Inc. now owns 149,557 shares of the company’s stock valued at $989,000 after purchasing an additional 1,845 shares in the last quarter. JSF Financial LLC lifted its position in shares of Sirius XM by 2.6% during the fourth quarter. JSF Financial LLC now owns 98,651 shares of the company’s stock valued at $576,000 after purchasing an additional 2,466 shares in the last quarter. Perigon Wealth Management LLC lifted its position in shares of Sirius XM by 15.3% during the first quarter. Perigon Wealth Management LLC now owns 20,924 shares of the company’s stock valued at $83,000 after purchasing an additional 2,779 shares in the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of Sirius XM by 20.7% during the second quarter. Atria Wealth Solutions Inc. now owns 16,881 shares of the company’s stock valued at $103,000 after purchasing an additional 2,898 shares in the last quarter. Finally, Rehmann Capital Advisory Group lifted its position in shares of Sirius XM by 18.4% during the fourth quarter. Rehmann Capital Advisory Group now owns 20,965 shares of the company’s stock valued at $122,000 after purchasing an additional 3,265 shares in the last quarter. 10.28% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on SIRI shares. Deutsche Bank Aktiengesellschaft raised shares of Sirius XM from a “sell” rating to a “hold” rating and dropped their price target for the company from $6.25 to $6.00 in a research report on Wednesday, August 2nd. Benchmark raised their price objective on shares of Sirius XM from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Friday, July 21st. Pivotal Research upgraded shares of Sirius XM from a “sell” rating to a “hold” rating and raised their price objective for the stock from $4.50 to $5.00 in a report on Wednesday, August 2nd. Seaport Res Ptn upgraded shares of Sirius XM from a “sell” rating to a “neutral” rating in a report on Sunday, July 30th. Finally, Evercore ISI downgraded shares of Sirius XM from an “in-line” rating to an “underperform” rating and set a $4.50 price objective for the company. in a report on Friday, July 21st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $5.10.
Insider Activity at Sirius XM
In related news, Director Robin S. Hickenlooper sold 11,000 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $3.81, for a total transaction of $41,910.00. Following the completion of the transaction, the director now owns 94,765 shares of the company’s stock, valued at $361,054.65. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.79% of the stock is owned by corporate insiders.
Sirius XM Stock Down 0.2 %
SIRI opened at $4.49 on Friday. The company has a market capitalization of $17.25 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 1.94 and a beta of 1.02. The firm has a 50-day moving average price of $4.69 and a 200-day moving average price of $4.24. Sirius XM Holdings Inc. has a twelve month low of $3.32 and a twelve month high of $7.95.
Sirius XM (NASDAQ:SIRI – Get Free Report) last posted its earnings results on Tuesday, August 1st. The company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.25 billion. Sirius XM had a net margin of 12.90% and a negative return on equity of 35.83%. On average, sell-side analysts expect that Sirius XM Holdings Inc. will post 0.3 earnings per share for the current fiscal year.
Sirius XM Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Tuesday, August 8th will be paid a dividend of $0.0242 per share. The ex-dividend date of this dividend is Monday, August 7th. This represents a $0.10 annualized dividend and a yield of 2.16%. Sirius XM’s dividend payout ratio is currently 34.48%.
Sirius XM Profile
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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