DAVENPORT & Co LLC Has $1.55 Million Stock Holdings in Sirius XM Holdings Inc. $SIRI

DAVENPORT & Co LLC decreased its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 10.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,441 shares of the company’s stock after selling 7,715 shares during the quarter. DAVENPORT & Co LLC’s holdings in Sirius XM were worth $1,549,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SIRI. Opal Wealth Advisors LLC bought a new position in Sirius XM during the 1st quarter worth $25,000. Deseret Mutual Benefit Administrators increased its position in Sirius XM by 79.3% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,594 shares of the company’s stock worth $36,000 after buying an additional 705 shares during the period. Geneos Wealth Management Inc. increased its position in Sirius XM by 36.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock worth $41,000 after buying an additional 493 shares during the period. Golden State Wealth Management LLC increased its position in Sirius XM by 3,263.3% during the 1st quarter. Golden State Wealth Management LLC now owns 2,018 shares of the company’s stock worth $46,000 after buying an additional 1,958 shares during the period. Finally, Richards Merrill & Peterson Inc. bought a new position in Sirius XM during the 1st quarter worth $52,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Stock Down 2.0%

Shares of NASDAQ SIRI opened at $22.13 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.41 and a current ratio of 0.41. Sirius XM Holdings Inc. has a 52 week low of $18.69 and a 52 week high of $29.18. The stock has a market capitalization of $7.45 billion, a P/E ratio of -3.28, a PEG ratio of 0.34 and a beta of 0.93. The stock’s fifty day moving average is $22.83 and its 200 day moving average is $22.37.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.22). Sirius XM had a positive return on equity of 3.73% and a negative net margin of 26.41%.The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the business posted $0.80 EPS. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. Sirius XM has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Friday, August 8th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Friday, August 8th. Sirius XM’s payout ratio is currently -16.00%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SIRI shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Sirius XM in a research report on Saturday, September 27th. Rosenblatt Securities increased their price objective on Sirius XM from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, August 4th. Zacks Research upgraded Sirius XM from a “strong sell” rating to a “hold” rating in a research report on Friday, August 15th. Guggenheim restated a “buy” rating and issued a $29.00 price target on shares of Sirius XM in a research report on Thursday, June 26th. Finally, Morgan Stanley raised their price target on Sirius XM from $21.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $26.70.

Sirius XM Profile

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.