Krilogy Financial LLC Has $360,000 Stake in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Krilogy Financial LLC reduced its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 34.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,979 shares of the company’s stock after selling 8,439 shares during the period. Krilogy Financial LLC’s holdings in Sirius XM were worth $360,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Polianta Ltd increased its position in shares of Sirius XM by 1.5% during the first quarter. Polianta Ltd now owns 48,300 shares of the company’s stock worth $1,088,000 after acquiring an additional 700 shares in the last quarter. CX Institutional grew its position in shares of Sirius XM by 288,752.1% in the 1st quarter. CX Institutional now owns 138,649 shares of the company’s stock valued at $3,126,000 after acquiring an additional 138,601 shares during the period. SG Americas Securities LLC grew its position in shares of Sirius XM by 269.1% in the 1st quarter. SG Americas Securities LLC now owns 129,076 shares of the company’s stock valued at $2,910,000 after acquiring an additional 94,109 shares during the period. Yousif Capital Management LLC bought a new position in shares of Sirius XM in the 1st quarter valued at about $294,000. Finally, Pallas Capital Advisors LLC bought a new position in shares of Sirius XM in the 1st quarter valued at about $489,000. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on SIRI shares. Barrington Research reissued an “outperform” rating and issued a $28.00 price objective on shares of Sirius XM in a research report on Friday, May 2nd. Rosenblatt Securities cut their target price on shares of Sirius XM from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, May 2nd. Finally, Seaport Res Ptn upgraded shares of Sirius XM from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 8th. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $26.65.

Sirius XM Stock Down 2.8%

Shares of NASDAQ SIRI opened at $21.29 on Friday. The stock has a market capitalization of $7.19 billion, a P/E ratio of -3.32, a PEG ratio of 0.79 and a beta of 0.91. Sirius XM Holdings Inc. has a one year low of $18.69 and a one year high of $41.60. The firm’s 50 day simple moving average is $21.41 and its two-hundred day simple moving average is $22.88. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.11). The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.09 billion. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. Sirius XM’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.07 earnings per share. As a group, analysts expect that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Friday, May 9th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 5.07%. The ex-dividend date was Friday, May 9th. Sirius XM’s dividend payout ratio (DPR) is currently -16.56%.

Insiders Place Their Bets

In related news, Director Kristina Salen sold 1,651 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $22.27, for a total value of $36,767.77. Following the completion of the sale, the director now directly owns 15,471 shares of the company’s stock, valued at approximately $344,539.17. This represents a 9.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.32% of the stock is owned by insiders.

About Sirius XM

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company’s Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.