Bfsg LLC Has $214,000 Stock Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Bfsg LLC grew its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 28.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,480 shares of the company’s stock after buying an additional 2,097 shares during the period. Bfsg LLC’s holdings in Sirius XM were worth $214,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SIRI. Berkshire Hathaway Inc raised its holdings in Sirius XM by 11.7% during the 4th quarter. Berkshire Hathaway Inc now owns 117,468,573 shares of the company’s stock worth $2,678,283,000 after buying an additional 12,313,544 shares during the period. State of New Jersey Common Pension Fund D increased its position in shares of Sirius XM by 15.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 83,439 shares of the company’s stock worth $1,902,000 after acquiring an additional 11,243 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Sirius XM by 58.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 50,618 shares of the company’s stock worth $1,154,000 after acquiring an additional 18,720 shares during the period. Edgestream Partners L.P. bought a new stake in Sirius XM in the 4th quarter valued at $1,725,000. Finally, Truist Financial Corp bought a new stake in Sirius XM in the 4th quarter valued at $253,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Insider Buying and Selling

In related news, Director Kristina Salen sold 1,651 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $22.27, for a total value of $36,767.77. Following the sale, the director now owns 15,471 shares in the company, valued at approximately $344,539.17. This represents a 9.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.79% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SIRI shares. Rosenblatt Securities lowered their target price on Sirius XM from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, May 2nd. Barrington Research reaffirmed an “outperform” rating and set a $28.00 price objective on shares of Sirius XM in a research report on Friday, May 2nd. Finally, Seaport Res Ptn upgraded Sirius XM from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $26.65.

Sirius XM Trading Down 2.1%

NASDAQ SIRI opened at $21.45 on Wednesday. Sirius XM Holdings Inc. has a 12 month low of $18.69 and a 12 month high of $41.60. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The stock has a 50 day moving average of $21.48 and a 200-day moving average of $22.81. The company has a market cap of $7.25 billion, a PE ratio of -3.29, a PEG ratio of 0.31 and a beta of 0.91.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.11). The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.09 billion. Sirius XM had a positive return on equity of 6.77% and a negative net margin of 25.00%. The business’s revenue was down 4.3% compared to the same quarter last year. During the same period last year, the company posted $0.07 earnings per share. On average, equities research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Friday, May 9th were paid a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 5.03%. Sirius XM’s dividend payout ratio (DPR) is currently -16.56%.

Sirius XM Company Profile

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.