Engineers Gate Manager LP Buys 244,730 Shares of Sirius XM Holdings Inc. $SIRI

Engineers Gate Manager LP increased its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 419.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 303,029 shares of the company’s stock after purchasing an additional 244,730 shares during the quarter. Engineers Gate Manager LP’s holdings in Sirius XM were worth $8,951,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sunbelt Securities Inc. increased its position in shares of Sirius XM by 158.5% during the first quarter. Sunbelt Securities Inc. now owns 1,295 shares of the company’s stock valued at $30,000 after buying an additional 794 shares during the period. Root Financial Partners LLC boosted its position in shares of Sirius XM by 612.8% in the first quarter. Root Financial Partners LLC now owns 1,390 shares of the company’s stock valued at $32,000 after acquiring an additional 1,195 shares during the period. Global Retirement Partners LLC bought a new position in shares of Sirius XM in the second quarter valued at approximately $32,000. Rossby Financial LCC grew its stake in Sirius XM by 57.7% during the fourth quarter. Rossby Financial LCC now owns 1,621 shares of the company’s stock valued at $32,000 after acquiring an additional 593 shares in the last quarter. Finally, Western Wealth Management LLC purchased a new position in Sirius XM during the first quarter valued at approximately $33,000. 10.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on SIRI. TD Cowen cut shares of Sirius XM to a “hold” rating in a research note on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of Sirius XM from a “hold” rating to a “buy” rating and boosted their price target for the company from $31.00 to $45.00 in a research report on Wednesday, September 2nd. UBS Group set a $30.00 price target on shares of Sirius XM in a report on Wednesday, July 29th. Rosenblatt Securities reiterated a “buy” rating and issued a $45.00 price objective on shares of Sirius XM in a research report on Tuesday, July 28th. Finally, Wolfe Research started coverage on Sirius XM in a research note on Wednesday, September 2nd. They set an “outperform” rating for the company. Nine analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Sirius XM currently has an average rating of “Hold” and a consensus price target of $32.00.

Key Sirius XM News

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

• Positive Sentiment: Investors purchased 70,933 SIRI call options on September 9—about 254% above average call volume—signaling increased near-term bullish speculation. SIRI also appeared among the market’s most actively traded options. Most Active Options Report: AI, GRAB, SIRI
• Positive Sentiment: Howard Stern’s show is being promoted for an HBO Max move, including a new trailer. Broader distribution could increase Stern’s audience and visibility, potentially supporting the value of SiriusXM’s flagship content and partnership portfolio. Howard Stern’s SiriusXM Show Heads To HBO Max With New Trailer
• Neutral Sentiment: SiriusXM management participated in Goldman Sachs and Bank of America media conferences. The available reports identify presentation transcripts but provide no specific new guidance, financial targets, or strategic announcements likely to materially change valuation. Goldman Sachs Conference Transcript
• Neutral Sentiment: The reported short-interest data shows zero shares and a zero-day short-interest ratio, but the accompanying percentage increase is listed as “NaN,” making the figures unreliable and offering little usable insight into investor positioning.
• Negative Sentiment: Reports say Channel 101 was dropped following mass layoffs, while Stern’s wife addressed the show’s HBO move. Losing SiriusXM-exclusive programming could raise concerns about content reductions, employee disruption, and whether the HBO arrangement benefits SiriusXM directly. Howard Stern’s Wife Discusses HBO Move

Insider Buying and Selling

In other Sirius XM news, Director Jonelle Procope sold 16,672 shares of Sirius XM stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $29.97, for a total transaction of $499,659.84. Following the transaction, the director directly owned 18,354 shares of the company’s stock, valued at approximately $550,069.38. This trade represents a 47.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.27% of the stock is owned by insiders.

Sirius XM Trading Up 1.2%

Shares of SIRI stock opened at $28.88 on Friday. The business has a 50-day moving average price of $29.66 and a two-hundred day moving average price of $27.01. Sirius XM Holdings Inc. has a 12-month low of $19.76 and a 12-month high of $32.66. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.79. The firm has a market cap of $9.73 billion, a P/E ratio of 11.55, a price-to-earnings-growth ratio of 0.51 and a beta of 0.95.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.08). The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. Sirius XM had a net margin of 10.23% and a return on equity of 9.37%. Sirius XM’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 earnings per share. Equities analysts anticipate that Sirius XM Holdings Inc. will post 3 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 10th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Monday, August 10th. Sirius XM’s dividend payout ratio (DPR) is presently 43.20%.

Sirius XM Profile

Sirius XM Holdings Inc provides subscription-based audio entertainment and information services in the United States and Canada. Its SiriusXM service delivers commercial-free music, sports, news, talk and entertainment programming through satellite radio and internet streaming, including its mobile app and connected-vehicle platforms.

The company offers a broad range of exclusive and licensed content, including live sports coverage, original talk and comedy programs, news services, podcasts, and music channels organized by genre and artist.