Sirius XM Holdings Inc. (NASDAQ:SIRI) Stake Boosted by Ossiam

Ossiam increased its stake in Sirius XM Holdings Inc. (NASDAQ:SIRIFree Report) by 179.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 236,283 shares of the company’s stock after purchasing an additional 151,719 shares during the period. Ossiam’s holdings in Sirius XM were worth $1,292,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in shares of Sirius XM by 6.0% in the third quarter. Principal Financial Group Inc. now owns 72,079 shares of the company’s stock valued at $326,000 after purchasing an additional 4,086 shares during the period. Jump Financial LLC acquired a new position in Sirius XM during the 3rd quarter worth $153,000. Janney Montgomery Scott LLC grew its stake in shares of Sirius XM by 11.4% in the third quarter. Janney Montgomery Scott LLC now owns 64,603 shares of the company’s stock worth $292,000 after purchasing an additional 6,628 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Sirius XM by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,739,749 shares of the company’s stock valued at $21,424,000 after purchasing an additional 38,693 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Sirius XM by 3.2% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 144,024 shares of the company’s stock valued at $651,000 after purchasing an additional 4,413 shares in the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on SIRI shares. Barrington Research restated an “outperform” rating and set a $4.75 price target on shares of Sirius XM in a research report on Tuesday, May 28th. Seaport Res Ptn raised Sirius XM from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. The Goldman Sachs Group upgraded Sirius XM from a “sell” rating to a “neutral” rating and cut their price objective for the company from $3.50 to $3.25 in a report on Wednesday, May 1st. Pivotal Research raised Sirius XM from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $5.05 to $4.90 in a research note on Wednesday, April 24th. Finally, Wells Fargo & Company reduced their target price on Sirius XM from $3.00 to $2.50 and set an “underweight” rating for the company in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $4.33.

View Our Latest Research Report on SIRI

Insider Buying and Selling at Sirius XM

In other news, Director Kristina Salen sold 12,518 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $2.62, for a total transaction of $32,797.16. Following the transaction, the director now owns 181,827 shares in the company, valued at approximately $476,386.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.79% of the company’s stock.

Sirius XM Stock Performance

Shares of NASDAQ:SIRI opened at $2.53 on Tuesday. The stock’s 50-day moving average is $3.04 and its 200-day moving average is $4.21. The company has a market cap of $9.73 billion, a P/E ratio of 7.67, a P/E/G ratio of 0.84 and a beta of 1.08. Sirius XM Holdings Inc. has a 52-week low of $2.52 and a 52-week high of $7.95.

Sirius XM (NASDAQ:SIRIGet Free Report) last announced its earnings results on Tuesday, April 30th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. Sirius XM had a negative return on equity of 47.17% and a net margin of 14.38%. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the prior year, the company earned $0.06 EPS. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, equities analysts predict that Sirius XM Holdings Inc. will post 0.31 EPS for the current year.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Friday, May 10th were paid a dividend of $0.0266 per share. This represents a $0.11 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend was Thursday, May 9th. Sirius XM’s payout ratio is currently 33.33%.

About Sirius XM

(Free Report)

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company's Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.

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

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