Kontiki Capital Management HK Ltd. Has $119.33 Million Position in Sirius XM Holdings Inc. $SIRI

Kontiki Capital Management HK Ltd. decreased its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 10.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,968,024 shares of the company’s stock after selling 686,265 shares during the period. Sirius XM comprises approximately 6.9% of Kontiki Capital Management HK Ltd.’s investment portfolio, making the stock its 7th biggest holding. Kontiki Capital Management HK Ltd.’s holdings in Sirius XM were worth $119,331,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Havemeyer Place LP bought a new position in Sirius XM in the fourth quarter worth approximately $762,000. WINTON GROUP Ltd bought a new position in Sirius XM in the fourth quarter worth approximately $622,000. Parallel Advisors LLC raised its stake in Sirius XM by 54.7% in the fourth quarter. Parallel Advisors LLC now owns 5,381 shares of the company’s stock worth $108,000 after buying an additional 1,902 shares in the last quarter. Deseret Mutual Benefit Administrators raised its stake in Sirius XM by 30.6% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 3,480 shares of the company’s stock worth $70,000 after buying an additional 816 shares in the last quarter. Finally, Cibc World Market Inc. bought a new position in Sirius XM in the fourth quarter worth approximately $542,000. Institutional investors own 10.69% of the company’s stock.

Insider Buying and Selling at Sirius XM

In other news, insider Scott Andrew Greenstein sold 20,744 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $29.83, for a total transaction of $618,793.52. Following the sale, the insider directly owned 20,163 shares of the company’s stock, valued at $601,462.29. The trade was a 50.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.27% of the stock is owned by company insiders.

Sirius XM Price Performance

Shares of SIRI opened at $27.01 on Friday. The firm has a market capitalization of $9.09 billion, a PE ratio of 11.40, a price-to-earnings-growth ratio of 0.58 and a beta of 0.96. 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 Holdings Inc. has a 1-year low of $19.76 and a 1-year high of $30.11. The company’s fifty day moving average price is $26.17 and its 200-day moving average price is $22.97.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. Sirius XM had a net margin of 9.86% and a return on equity of 9.19%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.59 earnings per share. On average, equities research analysts predict that Sirius XM Holdings Inc. will post 3.1 EPS for the current year.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 11th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.0%. Sirius XM’s payout ratio is 45.57%.

Analyst Upgrades and Downgrades

SIRI has been the topic of several analyst reports. Barrington Research lifted their price target on shares of Sirius XM from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Citigroup reaffirmed a “sell” rating and issued a $22.00 price target (up from $19.00) on shares of Sirius XM in a report on Monday, May 4th. UBS Group set a $24.00 price target on shares of Sirius XM in a report on Tuesday, February 10th. Guggenheim reaffirmed a “buy” rating and issued a $34.00 price target (up from $29.00) on shares of Sirius XM in a report on Friday, April 24th. Finally, Weiss Ratings raised shares of Sirius XM from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $27.45.

Sirius XM 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.