38,100 Shares in Sirius XM Holdings Inc. $SIRI Bought by Havemeyer Place LP

Havemeyer Place LP acquired a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI) during the 4th quarter, HoldingsChannel reports. The fund acquired 38,100 shares of the company’s stock, valued at approximately $762,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SIRI. Berkshire Hathaway Inc lifted its holdings in Sirius XM by 4.2% in the third quarter. Berkshire Hathaway Inc now owns 124,807,117 shares of the company’s stock valued at $2,904,886,000 after buying an additional 5,030,425 shares during the period. AQR Capital Management LLC lifted its holdings in Sirius XM by 165.2% in the second quarter. AQR Capital Management LLC now owns 5,191,440 shares of the company’s stock valued at $117,327,000 after buying an additional 3,233,922 shares during the period. Norges Bank acquired a new position in Sirius XM in the fourth quarter valued at $57,124,000. Bank of New York Mellon Corp lifted its holdings in Sirius XM by 253.8% in the fourth quarter. Bank of New York Mellon Corp now owns 2,019,901 shares of the company’s stock valued at $40,388,000 after buying an additional 1,449,036 shares during the period. Finally, Two Sigma Investments LP lifted its holdings in Sirius XM by 270.0% in the third quarter. Two Sigma Investments LP now owns 1,933,521 shares of the company’s stock valued at $45,003,000 after buying an additional 1,410,963 shares during the period. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Price Performance

Shares of NASDAQ SIRI opened at $27.44 on Tuesday. The firm’s 50-day moving average price is $26.26 and its 200-day moving average price is $23.03. Sirius XM Holdings Inc. has a 1-year low of $19.76 and a 1-year high of $30.11. The firm has a market capitalization of $9.24 billion, a P/E ratio of 11.58, a P/E/G ratio of 0.58 and a beta of 0.96. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.83.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. Sirius XM had a net margin of 9.86% and a return on equity of 9.19%. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the prior year, the business earned $0.59 earnings per share. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. Equities research analysts anticipate that Sirius XM Holdings Inc. will post 3.1 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 11th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 annualized dividend and a dividend yield of 3.9%. Sirius XM’s payout ratio is presently 45.57%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SIRI shares. UBS Group set a $24.00 target price on shares of Sirius XM in a report on Tuesday, February 10th. Barrington Research boosted their target price on shares of Sirius XM from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Evercore set a $28.00 target price on shares of Sirius XM in a report on Friday, May 1st. JPMorgan Chase & Co. boosted their target price on shares of Sirius XM from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Finally, Citigroup restated a “sell” rating and issued a $22.00 target price (up from $19.00) on shares of Sirius XM in a report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Sirius XM currently has an average rating of “Hold” and a consensus target price of $27.45.

Insider Activity at Sirius XM

In other news, insider Scott Andrew Greenstein sold 20,744 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $29.83, for a total transaction of $618,793.52. Following the completion of the sale, the insider directly owned 20,163 shares of the company’s stock, valued at $601,462.29. The trade was a 50.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.27% of the stock is currently owned by insiders.

Sirius XM Profile

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.