Old West Investment Management LLC Acquires Shares of 140,367 Sirius XM Holdings Inc. $SIRI

Old West Investment Management LLC bought a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 140,367 shares of the company’s stock, valued at approximately $3,224,000.

Other hedge funds also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. increased its holdings in Sirius XM by 661.3% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,577,176 shares of the company’s stock worth $80,630,000 after buying an additional 3,107,313 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Sirius XM by 209.9% during the 1st quarter. AQR Capital Management LLC now owns 1,957,518 shares of the company’s stock worth $43,770,000 after purchasing an additional 1,325,870 shares during the last quarter. LSV Asset Management raised its holdings 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 worth $72,094,000 after purchasing an additional 937,500 shares during the period. Ameriprise Financial Inc. lifted its stake in Sirius XM by 42.0% in the first 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 during the last quarter. Finally, Chou Associates Management Inc. lifted its stake in Sirius XM by 5,479.5% in the first quarter. Chou Associates Management Inc. now owns 702,462 shares of the company’s stock valued at $15,837,000 after purchasing an additional 689,872 shares during the last quarter. 10.69% of the stock is currently owned by institutional investors.

Insider Activity at Sirius XM

In other news, Director Kristina Salen sold 1,845 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $21.64, for a total value of $39,925.80. Following the transaction, the director owned 19,969 shares of the company’s stock, valued at approximately $432,129.16. This represents a 8.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.32% of the stock is owned by company insiders.

Sirius XM Stock Down 0.4%

Shares of NASDAQ SIRI opened at $21.60 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.89. The company has a market cap of $7.27 billion, a P/E ratio of -3.20, a P/E/G ratio of 0.32 and a beta of 0.96. Sirius XM Holdings Inc. has a 52 week low of $18.69 and a 52 week high of $29.18. The business has a 50-day simple moving average of $22.40 and a two-hundred day simple moving average of $22.47.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.05. Sirius XM had a negative net margin of 26.41% and a positive return on equity of 3.73%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the prior year, the firm posted ($8.74) earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. Sirius XM has set its FY 2025 guidance at EPS. Research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Wednesday, November 5th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Wednesday, November 5th. Sirius XM’s dividend payout ratio (DPR) is presently 38.16%.

Analyst Ratings Changes

A number of analysts have issued reports on SIRI shares. Benchmark reissued a “buy” rating and issued a $30.00 target price (up from $28.00) on shares of Sirius XM in a research report on Friday, October 31st. Zacks Research raised Sirius XM from a “strong sell” rating to a “hold” rating in a report on Friday, August 15th. Barrington Research reaffirmed an “outperform” rating and set a $28.00 price objective on shares of Sirius XM in a report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sirius XM in a research report on Tuesday. Finally, Wells Fargo & Company reduced their target price on shares of Sirius XM from $19.00 to $18.00 and set an “underweight” rating for the company in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Sirius XM currently has an average rating of “Hold” and a consensus target price of $24.29.

Sirius XM Profile

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.