Sirius XM Holdings Inc. $SIRI Shares Acquired by Private Management Group Inc.

Private Management Group Inc. grew its stake in Sirius XM Holdings Inc. (NASDAQ:SIRIFree Report) by 11.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,346,183 shares of the company’s stock after purchasing an additional 142,588 shares during the quarter. Private Management Group Inc.’s holdings in Sirius XM were worth $26,917,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Stirlingshire Investments Inc. acquired a new stake in shares of Sirius XM in the fourth quarter valued at about $290,000. M Holdings Securities Inc. acquired a new stake in shares of Sirius XM in the fourth quarter valued at about $207,000. Jessup Wealth Management Inc acquired a new stake in shares of Sirius XM in the fourth quarter valued at about $40,000. Fox Run Management L.L.C. grew its position in shares of Sirius XM by 6.0% in the fourth quarter. Fox Run Management L.L.C. now owns 70,074 shares of the company’s stock valued at $1,401,000 after purchasing an additional 3,991 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Sirius XM by 183.3% in the fourth quarter. Franklin Resources Inc. now owns 119,249 shares of the company’s stock valued at $2,384,000 after purchasing an additional 77,150 shares during the period. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Stock Performance

SIRI opened at $27.59 on Friday. The firm has a market capitalization of $9.29 billion, a PE ratio of 11.64, a PEG ratio of 0.60 and a beta of 0.96. Sirius XM Holdings Inc. has a twelve month low of $19.76 and a twelve month high of $30.11. The firm’s 50-day moving average price is $26.54 and its 200 day moving average price is $23.18. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.83.

Sirius XM (NASDAQ:SIRIGet Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. Sirius XM had a net margin of 9.86% and a return on equity of 9.19%. Sirius XM’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 earnings per share. As a group, sell-side analysts expect that Sirius XM Holdings Inc. will post 3.1 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 11th were given a dividend of $0.27 per share. The ex-dividend date was Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a yield of 3.9%. Sirius XM’s payout ratio is presently 45.57%.

Wall Street Analyst Weigh In

SIRI has been the topic of several research analyst reports. Barrington Research lifted their target price on shares of Sirius XM from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Guggenheim reiterated a “buy” rating and issued a $34.00 target price (up from $29.00) on shares of Sirius XM in a research report on Friday, April 24th. Evercore set a $28.00 target price on shares of Sirius XM in a research report on Friday, May 1st. JPMorgan Chase & Co. boosted their price target on shares of Sirius XM from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Finally, Rosenblatt Securities lowered their price target on shares of Sirius XM from $46.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $27.45.

Check Out Our Latest Report on Sirius XM

Insiders Place Their Bets

In other Sirius XM news, insider Scott Andrew Greenstein sold 20,744 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $29.83, for a total value of $618,793.52. Following the transaction, the insider directly owned 20,163 shares in the company, valued at $601,462.29. The trade was a 50.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.27% of the company’s stock.

Sirius XM Company Profile

(Free Report)

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.

See Also

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

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