Brighton Jones LLC Boosts Stock Position in Sirius XM Holdings Inc. $SIRI

Brighton Jones LLC raised its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 54.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,426 shares of the company’s stock after buying an additional 16,711 shares during the quarter. Brighton Jones LLC’s holdings in Sirius XM were worth $1,089,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. raised its holdings in Sirius XM by 661.3% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,577,176 shares of the company’s stock valued at $80,630,000 after buying an additional 3,107,313 shares during the period. AQR Capital Management LLC raised its position in shares of Sirius XM by 209.9% in the 1st quarter. AQR Capital Management LLC now owns 1,957,518 shares of the company’s stock valued at $43,770,000 after purchasing an additional 1,325,870 shares in the last quarter. LSV Asset Management raised its position in shares of Sirius XM by 41.5% in the 1st quarter. LSV Asset Management now owns 3,197,800 shares of the company’s stock valued at $72,094,000 after purchasing an additional 937,500 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Sirius XM by 42.0% in the 1st quarter. Ameriprise Financial Inc. now owns 2,345,364 shares of the company’s stock valued at $52,876,000 after purchasing an additional 693,473 shares in the last quarter. Finally, Chou Associates Management Inc. raised its position in shares of Sirius XM by 5,479.5% during the 1st quarter. Chou Associates Management Inc. now owns 702,462 shares of the company’s stock valued at $15,837,000 after acquiring an additional 689,872 shares in the last quarter. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Stock Up 1.1%

SIRI opened at $21.63 on Tuesday. Sirius XM Holdings Inc. has a fifty-two week low of $18.69 and a fifty-two week high of $29.18. The business has a 50-day moving average of $22.77 and a 200-day moving average of $22.37. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.41 and a quick ratio of 0.41. The company has a market capitalization of $7.28 billion, a PE ratio of -3.20, a price-to-earnings-growth ratio of 0.33 and a beta of 0.93.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.22). Sirius XM had a positive return on equity of 3.73% and a negative net margin of 26.41%.The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period last year, the business earned $0.80 earnings per share. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. Sirius XM has set its FY 2025 guidance at EPS. Equities research analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Wednesday, November 5th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Wednesday, November 5th. Sirius XM’s dividend payout ratio (DPR) is presently -16.00%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SIRI shares. Zacks Research upgraded Sirius XM from a “strong sell” rating to a “hold” rating in a research note on Friday, August 15th. Wells Fargo & Company decreased their price target on Sirius XM from $19.00 to $18.00 and set an “underweight” rating for the company in a research note on Friday, August 1st. Barrington Research reaffirmed an “outperform” rating and set a $28.00 target price on shares of Sirius XM in a report on Friday, August 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sirius XM in a report on Tuesday, October 14th. Finally, Morgan Stanley upped their target price on Sirius XM from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $25.13.

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.