Sirius XM Holdings Inc. $SIRI Shares Sold by Readystate Asset Management LP

Readystate Asset Management LP cut its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 22.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 439,294 shares of the company’s stock after selling 126,329 shares during the quarter. Readystate Asset Management LP’s holdings in Sirius XM were worth $10,139,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of SIRI. Dimensional Fund Advisors LP boosted its holdings in shares of Sirius XM by 262.1% in the first quarter. Dimensional Fund Advisors LP now owns 6,301,181 shares of the company’s stock valued at $145,426,000 after acquiring an additional 4,560,821 shares in the last quarter. AQR Capital Management LLC grew its position in Sirius XM by 165.2% during the second quarter. AQR Capital Management LLC now owns 5,191,440 shares of the company’s stock worth $117,327,000 after buying an additional 3,233,922 shares during the period. State Street Corp raised its holdings in Sirius XM by 0.7% during the fourth quarter. State Street Corp now owns 3,487,415 shares of the company’s stock worth $69,731,000 after purchasing an additional 25,906 shares during the last quarter. Check Capital Management Inc. CA raised its position in Sirius XM by 2.0% during the first quarter. Check Capital Management Inc. CA now owns 2,942,595 shares of the company’s stock worth $67,915,000 after acquiring an additional 59,095 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Sirius XM in the fourth quarter valued at $57,124,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM News Summary

Here are the key news stories impacting Sirius XM this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and set a $45 price target, implying substantial potential upside. The bullish view adds support to the recent rally. Benzinga
• Positive Sentiment: Wells Fargo upgraded Sirius XM from Underweight to Equal Weight and raised its price target from $18 to $30. The firm said it had previously missed a major revaluation of Sirius XM’s spectrum, increasing its estimated value from approximately $1 billion to $5 billion. This was the key catalyst behind the recent share-price strength. Sirius XM Stock Trades Up, Here Is Why
• Neutral Sentiment: Wall Street estimates for Sirius XM’s second quarter, ended June 2026, are being reviewed ahead of results. Analysts are focusing on operating metrics beyond revenue and earnings, but the article does not provide actual results or a clear estimate revision, making this more of a watch item than a current catalyst. Curious about Sirius XM Q2 Performance
• Neutral Sentiment: The broader analyst consensus is approximately Hold, indicating that optimism about the spectrum asset is offset by concerns about Sirius XM’s mature subscription business and limited growth profile. Sirius XM Receives Average Hold Recommendation
• Negative Sentiment: Although Wells Fargo’s upgrade reduced bearish pressure, its $30 price target is below the stock’s recent trading level. That valuation gap could limit near-term upside unless the company’s second-quarter results or additional analyst actions provide stronger support.

Wall Street Analysts Forecast Growth

SIRI has been the subject of a number of recent research reports. Evercore set a $28.00 price target on shares of Sirius XM in a report on Friday, May 1st. JPMorgan Chase & Co. upped their price target on shares of Sirius XM from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Wells Fargo & Company set a $30.00 price target on Sirius XM and gave the company an “equal weight” rating in a research report on Monday. Weiss Ratings upgraded shares of Sirius XM from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 9th. Finally, Morgan Stanley upped their price target on shares of Sirius XM from $24.00 to $28.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sirius XM has a consensus rating of “Hold” and a consensus price target of $29.09.

Sirius XM Stock Up 1.5%

SIRI stock opened at $31.68 on Wednesday. The firm has a market cap of $10.66 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 0.67 and a beta of 0.95. Sirius XM Holdings Inc. has a 1-year low of $19.76 and a 1-year high of $31.78. The firm has a fifty day moving average price of $29.19 and a two-hundred day moving average price of $25.15. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.44 and a quick ratio of 0.44.

Sirius XM (NASDAQ:SIRI) last issued its earnings results on Thursday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Sirius XM had a net margin of 9.86% and a return on equity of 9.19%. Sirius XM’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the company posted $0.59 earnings per share. Research analysts predict that Sirius XM Holdings Inc. will post 3.1 EPS for the current year.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Monday, August 10th will be given a dividend of $0.27 per share. The ex-dividend date is Monday, August 10th. This represents a $1.08 annualized dividend and a dividend yield of 3.4%. Sirius XM’s dividend payout ratio is currently 45.57%.

Insider Buying and Selling at Sirius XM

In other Sirius XM news, insider Scott Andrew Greenstein sold 20,744 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $29.83, for a total value of $618,793.52. Following the completion of the transaction, the insider owned 20,163 shares in the company, valued at approximately $601,462.29. This represents a 50.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.27% of the stock is currently owned by company insiders.

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.