Lifetime Wealth Management P.C. acquired a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 182,966 shares of the company’s stock, valued at approximately $7,227,000. Sirius XM comprises approximately 4.2% of Lifetime Wealth Management P.C.’s holdings, making the stock its 6th biggest position. Lifetime Wealth Management P.C. owned approximately 0.05% of Sirius XM at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of SIRI. Brighton Jones LLC bought a new position in Sirius XM during the 4th quarter worth approximately $622,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Sirius XM by 11.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 925,313 shares of the company’s stock valued at $20,861,000 after acquiring an additional 92,111 shares during the last quarter. Focus Partners Wealth raised its position in shares of Sirius XM by 5.2% during the 1st quarter. Focus Partners Wealth now owns 16,273 shares of the company’s stock valued at $367,000 after acquiring an additional 800 shares in the last quarter. Geneos Wealth Management Inc. lifted 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 purchasing 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 and hedge funds own 10.69% of the company’s stock.
Insider Activity at Sirius XM
In related news, Director Jonelle Procope sold 16,672 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $29.97, for a total transaction of $499,659.84. Following the transaction, the director directly owned 18,354 shares in the company, valued at $550,069.38. This trade represents a 47.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.27% of the stock is owned by insiders.
Analysts Set New Price Targets
Check Out Our Latest Analysis on SIRI
Sirius XM Trading Down 0.0%
Shares of SIRI opened at $28.50 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.79. Sirius XM Holdings Inc. has a 12-month low of $19.76 and a 12-month high of $32.66. The firm has a market capitalization of $9.61 billion, a PE ratio of 11.40, a price-to-earnings-growth ratio of 0.62 and a beta of 0.95. The stock’s fifty day simple moving average is $29.64 and its 200-day simple moving average is $26.48.
Sirius XM (NASDAQ:SIRI – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.08). Sirius XM had a return on equity of 9.37% and a net margin of 10.23%.The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the business posted $0.57 EPS. The business’s revenue was up 1.0% on a year-over-year basis. As a group, research analysts predict that Sirius XM Holdings Inc. will post 3.01 earnings per share for the current year.
Sirius XM Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 10th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Monday, August 10th. Sirius XM’s dividend payout ratio is presently 43.20%.
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.
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