Seizert Capital Partners LLC Has $46.90 Million Stock Position in Sirius XM Holdings Inc. $SIRI

Seizert Capital Partners LLC cut its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 10.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,041,860 shares of the company’s stock after selling 239,305 shares during the period. Sirius XM accounts for approximately 2.1% of Seizert Capital Partners LLC’s holdings, making the stock its 18th biggest holding. Seizert Capital Partners LLC owned about 0.61% of Sirius XM worth $46,902,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. grew its holdings in Sirius XM by 661.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,577,176 shares of the company’s stock worth $80,630,000 after acquiring an additional 3,107,313 shares during the period. LSV Asset Management grew its position in shares of Sirius XM by 41.5% during the 1st quarter. LSV Asset Management now owns 3,197,800 shares of the company’s stock worth $72,094,000 after buying an additional 937,500 shares during the period. Ameriprise Financial Inc. boosted its stake in Sirius XM by 42.0% during the 1st quarter. Ameriprise Financial Inc. now owns 2,345,364 shares of the company’s stock worth $52,876,000 after acquiring an additional 693,473 shares during the last quarter. AQR Capital Management LLC raised its holdings in Sirius XM by 209.9% in the first 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 period. Finally, Alberta Investment Management Corp boosted its position in shares of Sirius XM by 20.2% during the second quarter. Alberta Investment Management Corp now owns 1,486,226 shares of the company’s stock worth $34,139,000 after purchasing an additional 250,000 shares in the last quarter. Institutional investors own 10.69% of the company’s stock.

Analysts Set New Price Targets

SIRI has been the subject of a number of recent analyst reports. Rosenblatt Securities upped their price objective on shares of Sirius XM from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, August 4th. Wells Fargo & Company decreased their target price 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. Benchmark restated a “buy” rating and issued a $30.00 price target (up from $28.00) on shares of Sirius XM in a report on Friday, October 31st. JPMorgan Chase & Co. lifted their price objective on Sirius XM from $19.00 to $20.00 and gave the company an “underweight” rating in a report on Friday, October 31st. Finally, Zacks Research upgraded Sirius XM from a “strong sell” rating to a “hold” rating in a research report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $24.29.

Insider Buying and Selling

In related news, Director Kristina Salen sold 1,845 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $21.64, for a total transaction of $39,925.80. Following the completion of the transaction, the director directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.79% of the company’s stock.

Sirius XM Stock Down 0.9%

Shares of Sirius XM stock opened at $20.91 on Wednesday. The firm has a market cap of $7.04 billion, a PE ratio of -3.10, a P/E/G ratio of 0.32 and a beta of 0.96. The business’s 50 day simple moving average is $22.22 and its 200 day simple moving average is $22.49. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.41 and a current ratio of 0.41. Sirius XM Holdings Inc. has a 52-week low of $18.69 and a 52-week high of $29.18.

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

Sirius XM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Wednesday, November 5th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 5.2%. The ex-dividend date is Wednesday, November 5th. Sirius XM’s dividend payout ratio is presently 38.16%.

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.