M Holdings Securities Inc. Takes $98,000 Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

M Holdings Securities Inc. bought a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRIGet Rating) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,764 shares of the company’s stock, valued at approximately $98,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SIRI. Redpoint Investment Management Pty Ltd raised its position in Sirius XM by 92.8% during the first quarter. Redpoint Investment Management Pty Ltd now owns 55,020 shares of the company’s stock worth $364,000 after acquiring an additional 26,484 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its position in Sirius XM by 122.4% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 371,115 shares of the company’s stock worth $2,504,000 after acquiring an additional 204,211 shares during the last quarter. Guggenheim Capital LLC raised its position in Sirius XM by 6.8% during the fourth quarter. Guggenheim Capital LLC now owns 926,937 shares of the company’s stock worth $5,886,000 after acquiring an additional 58,960 shares during the last quarter. American Century Companies Inc. raised its position in Sirius XM by 14,191.3% during the first quarter. American Century Companies Inc. now owns 2,371,208 shares of the company’s stock worth $15,697,000 after acquiring an additional 2,354,616 shares during the last quarter. Finally, Sante Capital Fund LP acquired a new position in Sirius XM during the first quarter worth about $1,824,000. Hedge funds and other institutional investors own 10.74% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SIRI shares. Pivotal Research cut Sirius XM from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $7.55 to $7.10 in a report on Monday, August 1st. Citigroup decreased their price objective on Sirius XM from $7.60 to $7.50 and set a “buy” rating on the stock in a report on Thursday, July 7th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $6.94.

Sirius XM Stock Performance

Shares of NASDAQ SIRI opened at $6.02 on Tuesday. Sirius XM Holdings Inc. has a 1 year low of $5.69 and a 1 year high of $6.88. The firm has a market cap of $23.44 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 2.06 and a beta of 0.94. The stock’s 50-day simple moving average is $6.37 and its 200-day simple moving average is $6.29.

Sirius XM (NASDAQ:SIRIGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Sirius XM had a net margin of 14.15% and a negative return on equity of 40.89%. The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the prior year, the business earned $0.10 EPS. Sirius XM’s revenue was up 4.4% compared to the same quarter last year. As a group, research analysts predict that Sirius XM Holdings Inc. will post 0.31 EPS for the current year.

Sirius XM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Friday, August 5th were issued a dividend of $0.022 per share. This represents a $0.09 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Thursday, August 4th. Sirius XM’s dividend payout ratio is currently 29.03%.

Insider Activity at Sirius XM

In other news, EVP Patrick L. Donnelly sold 408,274 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $6.75, for a total transaction of $2,755,849.50. Following the transaction, the executive vice president now directly owns 791,342 shares in the company, valued at approximately $5,341,558.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Scott Andrew Greenstein sold 1,081,370 shares of Sirius XM stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $6.58, for a total value of $7,115,414.60. Following the transaction, the insider now owns 7,198,469 shares of the company’s stock, valued at $47,365,926.02. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Patrick L. Donnelly sold 408,274 shares of Sirius XM stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $6.75, for a total transaction of $2,755,849.50. Following the completion of the transaction, the executive vice president now owns 791,342 shares in the company, valued at approximately $5,341,558.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,530,437 shares of company stock valued at $10,136,827. Corporate insiders own 0.63% of the company’s stock.

About Sirius XM

(Get Rating)

Sirius XM Holdings Inc provides satellite radio services on a subscription fee basis in the United States. It broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres, such as rock, pop and hip-hop, country, dance, jazz, Latin, and classical; live play-by-play sports from various leagues and colleges; various talk and entertainment channels for a range of audiences; national, international, and financial news; and limited run channels.

Featured Stories

Institutional Ownership by Quarter for Sirius XM (NASDAQ:SIRI)

Receive News & Ratings for Sirius XM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sirius XM and related companies with MarketBeat.com's FREE daily email newsletter.