Sirius XM Holdings Inc. $SIRI Holdings Lowered by S&CO Inc.

S&CO Inc. decreased its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 17.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 581,427 shares of the company’s stock after selling 120,015 shares during the quarter. Sirius XM accounts for about 0.8% of S&CO Inc.’s investment portfolio, making the stock its 29th largest holding. S&CO Inc.’s holdings in Sirius XM were worth $13,419,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SIRI. Root Financial Partners LLC lifted its stake in Sirius XM by 612.8% during the first quarter. Root Financial Partners LLC now owns 1,390 shares of the company’s stock valued at $32,000 after buying an additional 1,195 shares in the last quarter. Rossby Financial LCC boosted its holdings in shares of Sirius XM by 57.7% in the fourth quarter. Rossby Financial LCC now owns 1,621 shares of the company’s stock worth $32,000 after buying an additional 593 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Sirius XM in the fourth quarter worth approximately $40,000. Jessup Wealth Management Inc purchased a new position in shares of Sirius XM in the fourth quarter worth approximately $40,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Sirius XM by 36.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock valued at $41,000 after acquiring an additional 493 shares during the period. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Insider Transactions at Sirius XM

In other Sirius XM news, insider Scott Andrew Greenstein sold 20,744 shares of the 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 completion of the sale, the insider owned 20,163 shares in the company, valued at $601,462.29. This represents a 50.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.27% of the stock is currently owned by insiders.

Sirius XM Trading Down 2.0%

NASDAQ:SIRI opened at $30.59 on Friday. The stock has a market cap of $10.30 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 0.66 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 $31.42. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.44 and a quick ratio of 0.44. The stock’s 50-day moving average is $28.60 and its two-hundred day moving average is $24.64.

Sirius XM (NASDAQ:SIRI) last posted its quarterly 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 business had revenue of $2.09 billion during 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 firm’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 earnings per share. As a group, equities research analysts forecast that Sirius XM Holdings Inc. will post 3.1 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 11th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, May 11th. Sirius XM’s dividend payout ratio is currently 45.57%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SIRI. Rosenblatt Securities reduced their price target on shares of Sirius XM from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. Evercore set a $28.00 price objective on shares of Sirius XM in a research report on Friday, May 1st. Citigroup reissued a “sell” rating and set a $22.00 target price (up from $19.00) on shares of Sirius XM in a research note on Monday, May 4th. Guggenheim restated a “buy” rating on shares of Sirius XM in a report on Wednesday, June 17th. Finally, JPMorgan Chase & Co. increased their target price on Sirius XM from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $28.00.

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.