Valeo Financial Advisors LLC Acquires New Position in Sirius XM Holdings Inc. $SIRI

Valeo Financial Advisors LLC bought a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 10,392 shares of the company’s stock, valued at approximately $239,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SIRI. Fuller & Thaler Asset Management Inc. grew its stake in shares of Sirius XM by 661.3% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,577,176 shares of the company’s stock worth $80,630,000 after purchasing an additional 3,107,313 shares during the period. LSV Asset Management boosted its holdings in Sirius XM by 41.5% during the first quarter. LSV Asset Management now owns 3,197,800 shares of the company’s stock worth $72,094,000 after buying an additional 937,500 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Sirius XM by 42.0% during the first quarter. Ameriprise Financial Inc. now owns 2,345,364 shares of the company’s stock worth $52,876,000 after buying an additional 693,473 shares during the last quarter. Seizert Capital Partners LLC boosted its holdings in Sirius XM by 0.5% during the first quarter. Seizert Capital Partners LLC now owns 2,281,165 shares of the company’s stock worth $51,429,000 after buying an additional 11,549 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Sirius XM by 209.9% in the 1st quarter. AQR Capital Management LLC now owns 1,957,518 shares of the company’s stock valued at $43,770,000 after acquiring an additional 1,325,870 shares during the period. Institutional investors own 10.69% of the company’s stock.

Sirius XM Trading Down 5.4%

SIRI opened at $20.93 on Friday. The firm’s fifty day simple moving average is $22.83 and its 200 day simple moving average is $22.34. Sirius XM Holdings Inc. has a 12 month low of $18.69 and a 12 month high of $29.18. The stock has a market capitalization of $7.05 billion, a P/E ratio of -3.10, a P/E/G ratio of 0.34 and a beta of 0.93. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.89.

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

Sirius XM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Friday, August 8th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Friday, August 8th. Sirius XM’s payout ratio is currently -16.00%.

Wall Street Analysts Forecast Growth

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