Sirius XM Holdings Inc. $SIRI Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 97.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 4,654 shares of the company’s stock after selling 149,424 shares during the period. SG Americas Securities LLC’s holdings in Sirius XM were worth $107,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC acquired a new position in shares of Sirius XM during the 4th quarter valued at $622,000. JPMorgan Chase & Co. grew its stake in Sirius XM by 52.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 339,511 shares of the company’s stock valued at $7,902,000 after purchasing an additional 117,250 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of Sirius XM by 858.4% in the fourth quarter. Hsbc Holdings PLC now owns 2,076,539 shares of the company’s stock worth $41,726,000 after buying an additional 1,859,872 shares during the last quarter. Norges Bank bought a new stake in shares of Sirius XM in the 4th quarter worth about $57,124,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in Sirius XM by 82.8% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 191,161 shares of the company’s stock valued at $3,822,000 after buying an additional 86,614 shares in the last quarter. 10.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Sirius XM

In other news, insider Scott Andrew Greenstein sold 20,744 shares of Sirius XM stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $29.83, for a total value of $618,793.52. Following the transaction, the insider directly owned 20,163 shares of the company’s stock, valued at $601,462.29. This trade represents a 50.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.27% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Guggenheim reissued a “buy” rating on shares of Sirius XM in a report on Wednesday, June 17th. Citigroup reaffirmed a “sell” rating and set a $22.00 price target (up from $19.00) on shares of Sirius XM in a report on Monday, May 4th. Weiss Ratings upgraded Sirius XM from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. Evercore set a $28.00 price target on Sirius XM in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. boosted their target price on Sirius XM from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $27.45.

Sirius XM Stock Performance

Shares of NASDAQ SIRI opened at $30.67 on Tuesday. The stock’s fifty day simple moving average is $28.28 and its 200 day simple moving average is $24.39. The stock has a market capitalization of $10.32 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 0.66 and a beta of 0.95. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.83. Sirius XM Holdings Inc. has a 52-week low of $19.76 and a 52-week high of $31.42.

Sirius XM (NASDAQ:SIRI) last announced its earnings results on Thursday, April 30th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. Sirius XM had a return on equity of 9.19% and a net margin of 9.86%.The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the prior year, the business posted $0.59 earnings per share. Sirius XM’s revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Sirius XM Holdings Inc. will post 3.1 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 11th were paid 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 yield of 3.5%. Sirius XM’s dividend payout ratio is currently 45.57%.

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.