166,091 Shares in Sirius XM Holdings Inc. $SIRI Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 166,091 shares of the company’s stock, valued at approximately $6,561,000.

Other large investors have also recently modified their holdings of the company. Sunbelt Securities Inc. boosted its holdings in Sirius XM by 158.5% during the 1st quarter. Sunbelt Securities Inc. now owns 1,295 shares of the company’s stock valued at $30,000 after acquiring an additional 794 shares during the period. Root Financial Partners LLC grew its position in Sirius XM by 612.8% during the 1st quarter. Root Financial Partners LLC now owns 1,390 shares of the company’s stock worth $32,000 after acquiring an additional 1,195 shares during the last quarter. Gables Capital Management Inc. purchased a new position in Sirius XM in the 2nd quarter worth approximately $32,000. Global Retirement Partners LLC bought a new stake in Sirius XM in the second quarter valued at approximately $32,000. Finally, Rossby Financial LCC lifted its position in Sirius XM by 57.7% in the fourth quarter. Rossby Financial LCC now owns 1,621 shares of the company’s stock valued at $32,000 after purchasing an additional 593 shares during the last quarter. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Price Performance

Shares of SIRI stock opened at $28.45 on Tuesday. The firm has a market cap of $9.59 billion, a P/E ratio of 11.38, a P/E/G ratio of 0.62 and a beta of 0.95. Sirius XM Holdings Inc. has a fifty-two week low of $19.76 and a fifty-two week high of $32.66. The business’s 50 day moving average price is $29.60 and its 200-day moving average price is $26.33. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.46 and a current ratio of 0.46.

Sirius XM (NASDAQ:SIRI) last posted its earnings results on Thursday, July 30th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.08). The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Sirius XM had a net margin of 10.23% and a return on equity of 9.37%. Sirius XM’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm posted $0.57 earnings per share. On average, equities research analysts anticipate that Sirius XM Holdings Inc. will post 3.01 earnings per share for the current year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Monday, August 10th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, August 10th. Sirius XM’s payout ratio is presently 43.20%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Weiss Ratings raised Sirius XM from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 9th. Rosenblatt Securities reiterated a “buy” rating and set a $45.00 price target on shares of Sirius XM in a report on Tuesday, July 28th. The Goldman Sachs Group reissued a “neutral” rating and set a $32.00 price target on shares of Sirius XM in a research report on Friday, August 7th. Evercore set a $28.00 price target on shares of Sirius XM in a report on Friday, May 1st. Finally, UBS Group set a $30.00 price objective on shares of Sirius XM in a research report on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $30.92.

Insiders Place Their Bets

In other news, insider Scott Andrew Greenstein sold 20,744 shares of the firm’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 sale, the insider directly owned 20,163 shares of the company’s stock, valued at approximately $601,462.29. This trade represents a 50.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jonelle Procope sold 16,672 shares of Sirius XM stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $29.97, for a total transaction of $499,659.84. Following the sale, the director directly owned 18,354 shares in the company, valued at $550,069.38. The trade was a 47.60% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.27% of the stock is currently owned by insiders.

Sirius XM Company Profile

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.