Y Intercept Hong Kong Ltd bought a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI – Free Report) in the first quarter, Holdings Channel.com reports. The institutional investor bought 42,967 shares of the company’s stock, valued at approximately $992,000.
Other large investors also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its stake in shares of Sirius XM by 36.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock worth $41,000 after purchasing an additional 493 shares during the last quarter. Krilogy Financial LLC lifted its stake in shares of Sirius XM by 1.1% in the 4th quarter. Krilogy Financial LLC now owns 53,572 shares of the company’s stock valued at $1,097,000 after purchasing an additional 577 shares during the last quarter. Rossby Financial LCC boosted its holdings in Sirius XM by 57.7% in the fourth quarter. Rossby Financial LCC now owns 1,621 shares of the company’s stock worth $32,000 after purchasing an additional 593 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in Sirius XM by 4.6% in the fourth quarter. SBI Securities Co. Ltd. now owns 13,589 shares of the company’s stock worth $272,000 after purchasing an additional 594 shares in the last quarter. Finally, Corient Private Wealth LLC increased its position in Sirius XM by 2.0% during the fourth quarter. Corient Private Wealth LLC now owns 31,263 shares of the company’s stock worth $625,000 after buying an additional 615 shares during the last quarter. 10.69% of the stock is owned by institutional investors.
Sirius XM Stock Performance
Shares of NASDAQ:SIRI traded down $0.27 during midday trading on Friday, hitting $30.42. The company’s stock had a trading volume of 3,216,709 shares, compared to its average volume of 4,306,218. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.44 and a current ratio of 0.44. The stock’s 50 day simple moving average is $28.20 and its 200 day simple moving average is $24.29. The stock has a market capitalization of $10.24 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 0.66 and a beta of 0.95. Sirius XM Holdings Inc. has a fifty-two week low of $19.76 and a fifty-two week high of $31.42.
Sirius XM Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 11th were issued 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 dividend yield of 3.6%. Sirius XM’s payout ratio is 45.57%.
Insider Buying and Selling at Sirius XM
In other news, insider Scott Andrew Greenstein sold 20,744 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $29.83, for a total value of $618,793.52. Following the completion of the sale, the insider directly owned 20,163 shares of the company’s stock, valued at approximately $601,462.29. This represents a 50.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.27% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have weighed in on SIRI shares. JPMorgan Chase & Co. raised their target price on Sirius XM from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Rosenblatt Securities lowered their price objective on Sirius XM from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Barrington Research upped their target price on Sirius XM from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Citigroup reiterated a “sell” rating and set a $22.00 price target (up from $19.00) on shares of Sirius XM in a report on Monday, May 4th. Finally, Guggenheim reissued a “buy” rating on shares of Sirius XM in a research report on Wednesday, June 17th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Sirius XM has a consensus rating of “Hold” and a consensus target price of $27.45.
View Our Latest Research Report on SIRI
Sirius XM Company Profile
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.
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