Sirius XM Holdings Inc. $SIRI Holdings Lowered by Brighton Jones LLC

Brighton Jones LLC decreased its position in Sirius XM Holdings Inc. (NASDAQ:SIRI – Free Report) by 61.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,079 shares of the company’s stock after selling 30,323 shares during the period. Brighton Jones LLC’s holdings in Sirius XM were worth $494,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Fifth Third Bancorp purchased a new stake in Sirius XM in the 1st quarter valued at approximately $1,243,000. Aspen Grove Capital LLC purchased a new position in shares of Sirius XM during the 1st quarter worth approximately $2,277,000. Bank of New York Mellon Corp raised its stake in shares of Sirius XM by 7.8% during the 1st quarter. Bank of New York Mellon Corp now owns 2,177,761 shares of the company’s stock worth $50,263,000 after buying an additional 157,860 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Sirius XM by 262.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,301,181 shares of the company’s stock valued at $145,426,000 after buying an additional 4,560,821 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of Sirius XM by 154.6% in the 1st quarter. First Trust Advisors LP now owns 952,013 shares of the company’s stock valued at $21,972,000 after buying an additional 578,103 shares during the period. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Stock Up 0.3%

SIRI opened at $31.85 on Friday. The firm has a market cap of $10.72 billion, a P/E ratio of 10.44, a PEG ratio of 0.52 and a beta of 0.98. The business’s fifty day simple moving average is $28.20 and its 200 day simple moving average is $26.74. Sirius XM Holdings Inc. has a 52 week low of $19.76 and a 52 week high of $33.76. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.66.

Sirius XM (NASDAQ:SIRI – Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. Sirius XM had a net margin of 10.47% and a return on equity of 9.42%. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the firm earned $0.84 EPS. The firm’s quarterly revenue was down .4% on a year-over-year basis. As a group, equities research analysts anticipate that Sirius XM Holdings Inc. will post 3.00 EPS for the current fiscal year.

Sirius XM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Friday, November 6th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, November 6th. This represents a $1.08 dividend on an annualized basis and a yield of 3.4%. Sirius XM’s dividend payout ratio (DPR) is 44.26%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. TD Cowen lowered Sirius XM to a “hold” rating in a report on Wednesday, September 2nd. William Blair upgraded shares of Sirius XM to a “market perform” rating in a research report on Wednesday, September 2nd. UBS Group set a $27.00 price target on shares of Sirius XM in a research note on Tuesday. Rosenblatt Securities set a $47.00 price target on shares of Sirius XM and gave the company a “buy” rating in a report on Friday, October 30th. Finally, Weiss Ratings upgraded shares of Sirius XM from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Nine equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Sirius XM currently has a consensus rating of “Hold” and an average target price of $32.67.

Read Our Latest Analysis on SIRI

Sirius XM Profile

(Free Report)

Sirius XM Holdings Inc. provides audio entertainment through its SiriusXM and Pandora services. SiriusXM offers music, talk, news, sports, and other programming through satellite radio and streaming, including access through its mobile app and in-vehicle systems. The company also operates Pandora, a streaming music and podcast service that offers both ad-supported and subscription listening. Its business includes advertising and connected-vehicle services, alongside subscriptions and audio programming.

Recommended Stories

Want to see what other hedge funds are holding SIRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sirius XM Holdings Inc. (NASDAQ:SIRI – Free Report).

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

Receive News & Ratings for Sirius XM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sirius XM and related companies with MarketBeat.com's FREE daily email newsletter.