Sirius XM Holdings Inc. $SIRI Shares Purchased by MGO One Seven LLC

MGO One Seven LLC boosted its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 8.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,564 shares of the company’s stock after buying an additional 1,011 shares during the quarter. MGO One Seven LLC’s holdings in Sirius XM were worth $312,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SIRI. Brighton Jones LLC purchased a new position in Sirius XM during the 4th quarter worth approximately $622,000. Yousif Capital Management LLC purchased a new position in Sirius XM during the 1st quarter worth approximately $294,000. Exchange Traded Concepts LLC grew its position in Sirius XM by 1,258.8% during the 1st quarter. Exchange Traded Concepts LLC now owns 4,620 shares of the company’s stock worth $104,000 after purchasing an additional 4,280 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Sirius XM by 5.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 110,534 shares of the company’s stock worth $2,492,000 after purchasing an additional 5,858 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new stake in shares of Sirius XM during the 1st quarter valued at $524,000. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Stock Up 0.3%

Sirius XM stock opened at $21.38 on Monday. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of -3.17, a P/E/G ratio of 0.33 and a beta of 0.93. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.41 and a quick ratio of 0.41. Sirius XM Holdings Inc. has a fifty-two week low of $18.69 and a fifty-two week high of $29.18. The firm has a fifty day moving average price of $22.84 and a two-hundred day moving average price of $22.30.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, July 31st. The company reported $0.57 earnings per share 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 analyst estimates 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 revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 EPS. Sirius XM has set its FY 2025 guidance at EPS. As a group, analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Friday, August 8th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, August 8th. This represents a $1.08 annualized dividend and a dividend yield of 5.1%. Sirius XM’s payout ratio is presently -16.00%.

Analyst Ratings Changes

SIRI has been the subject of a number of research reports. Guggenheim reissued a “buy” rating and set a $29.00 target price on shares of Sirius XM in a research note on Thursday, June 26th. Morgan Stanley lifted their target price on shares of Sirius XM from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, July 16th. Barrington Research reissued an “outperform” rating and set a $28.00 target price on shares of Sirius XM in a research note on Friday, August 1st. Rosenblatt Securities lifted their price objective on shares of Sirius XM from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. Finally, Zacks Research raised shares of Sirius XM from a “strong sell” rating to a “hold” rating in a research note on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sirius XM has an average rating of “Hold” and an average target price of $24.89.

Sirius XM Company 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.