Focus Partners Advisor Solutions LLC Has $831,000 Stock Position in Sirius XM Holdings Inc. $SIRI

Focus Partners Advisor Solutions LLC increased its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 201.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,195 shares of the company’s stock after purchasing an additional 24,206 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Sirius XM were worth $831,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. grew its stake in Sirius XM by 661.3% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,577,176 shares of the company’s stock worth $80,630,000 after purchasing an additional 3,107,313 shares during the period. LSV Asset Management grew its stake in Sirius XM by 41.5% during the first quarter. LSV Asset Management now owns 3,197,800 shares of the company’s stock worth $72,094,000 after purchasing an additional 937,500 shares during the period. Ameriprise Financial Inc. grew its stake in Sirius XM by 42.0% during the first quarter. Ameriprise Financial Inc. now owns 2,345,364 shares of the company’s stock worth $52,876,000 after purchasing an additional 693,473 shares during the period. Seizert Capital Partners LLC boosted its holdings in Sirius XM by 0.5% in the first quarter. Seizert Capital Partners LLC now owns 2,281,165 shares of the company’s stock worth $51,429,000 after acquiring an additional 11,549 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Sirius XM by 209.9% in the first quarter. AQR Capital Management LLC now owns 1,957,518 shares of the company’s stock worth $43,770,000 after acquiring an additional 1,325,870 shares in the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on SIRI. Zacks Research upgraded Sirius XM from a “strong sell” rating to a “hold” rating in a report on Friday, August 15th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sirius XM in a report on Tuesday, October 14th. Morgan Stanley increased their price target on Sirius XM from $21.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, July 16th. Wells Fargo & Company cut their price target on Sirius XM from $19.00 to $18.00 and set an “underweight” rating on the stock in a report on Friday, August 1st. Finally, Barrington Research reiterated an “outperform” rating and issued a $28.00 price target on shares of Sirius XM in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Sirius XM has an average rating of “Hold” and an average price target of $25.13.

Sirius XM Stock Performance

Shares of SIRI stock opened at $21.40 on Wednesday. The firm has a 50-day moving average of $22.74 and a 200-day moving average of $22.38. The company has a market cap of $7.21 billion, a P/E ratio of -3.17, a P/E/G ratio of 0.33 and a beta of 0.93. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.41 and a quick ratio of 0.41. Sirius XM Holdings Inc. has a one year low of $18.69 and a one year high of $29.18.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.22). The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.13 billion. Sirius XM had a positive return on equity of 3.73% and a negative net margin of 26.41%.The business’s revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 earnings per share. Sirius XM has set its FY 2025 guidance at EPS. Equities research analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Wednesday, November 5th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Wednesday, November 5th. Sirius XM’s dividend payout ratio (DPR) is -16.00%.

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.