First Wilshire Securities Management Inc. lessened its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI – Free Report) by 42.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,409 shares of the company’s stock after selling 37,507 shares during the period. First Wilshire Securities Management Inc.’s holdings in Sirius XM were worth $1,008,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of SIRI. Brighton Jones LLC bought a new position in Sirius XM during the fourth quarter worth $622,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Sirius XM by 11.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 925,313 shares of the company’s stock worth $20,861,000 after buying an additional 92,111 shares during the last quarter. Focus Partners Wealth raised its stake in Sirius XM by 5.2% during the first quarter. Focus Partners Wealth now owns 16,273 shares of the company’s stock worth $367,000 after buying an additional 800 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Sirius XM by 36.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock worth $41,000 after buying an additional 493 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new position in Sirius XM during the second quarter worth $208,000. Institutional investors own 10.69% of the company’s stock.
Insiders Place Their Bets
In other Sirius XM news, insider Scott Andrew Greenstein sold 20,744 shares of Sirius XM stock in a transaction on Wednesday, May 27th. The shares were 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. The trade was a 50.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.27% of the company’s stock.
Sirius XM Stock Performance
Sirius XM (NASDAQ:SIRI – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. Sirius XM had a net margin of 9.86% and a return on equity of 9.19%. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the previous year, the firm posted $0.59 earnings per share. The business’s revenue was up 1.1% compared to the same quarter last year. Analysts predict that Sirius XM Holdings Inc. will post 3.1 EPS for the current fiscal year.
Sirius XM Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 11th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Monday, May 11th. Sirius XM’s payout ratio is 45.57%.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on SIRI. Weiss Ratings raised shares of Sirius XM from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Guggenheim reissued a “buy” rating and set a $34.00 target price (up from $29.00) on shares of Sirius XM in a research note on Friday, April 24th. JPMorgan Chase & Co. lifted their target price on shares of Sirius XM from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Citigroup reissued a “sell” rating and set a $22.00 target price (up from $19.00) on shares of Sirius XM in a research note on Monday, May 4th. Finally, Barrington Research lifted their target price on shares of Sirius XM from $28.00 to $32.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Four equities 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $27.45.
View Our Latest Research Report on Sirius XM
About Sirius XM
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.
Read More
- Five stocks we like better than Sirius XM
- Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
- NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
- The World Cup Is Coming—These 3 Stocks Could Cash In
- Spotify’s “North Star” Outlook Was Music to Investors Ears
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).
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.
