39,100 Shares in Sirius XM Holdings Inc. $SIRI Acquired by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board purchased a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 39,100 shares of the company’s stock, valued at approximately $1,155,000.

A number of other hedge funds have also added to or reduced their stakes in SIRI. Jones Financial Companies Lllp purchased a new stake in Sirius XM in the 2nd quarter valued at $25,000. Aberdeen Wealth Management LLC purchased a new position in Sirius XM during the 2nd quarter worth $26,000. Sunbelt Securities Inc. grew its stake in shares of Sirius XM by 158.5% in the 1st quarter. Sunbelt Securities Inc. now owns 1,295 shares of the company’s stock worth $30,000 after acquiring an additional 794 shares in the last quarter. Root Financial Partners LLC raised its holdings in shares of Sirius XM by 612.8% in the first quarter. Root Financial Partners LLC now owns 1,390 shares of the company’s stock valued at $32,000 after purchasing an additional 1,195 shares during the last quarter. Finally, Gables Capital Management Inc. bought a new position in shares of Sirius XM during the second quarter valued at about $32,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Price Performance

Sirius XM stock opened at $28.17 on Tuesday. Sirius XM Holdings Inc. has a 52 week low of $19.76 and a 52 week high of $32.66. The business has a 50-day simple moving average of $29.66 and a 200 day simple moving average of $26.58. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.79. The stock has a market cap of $9.50 billion, a price-to-earnings ratio of 11.27, a PEG ratio of 0.62 and a beta of 0.95.

Sirius XM (NASDAQ:SIRI) last announced its earnings results on Thursday, July 30th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.08). The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. Sirius XM had a net margin of 10.23% and a return on equity of 9.37%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 earnings per share. On average, research analysts forecast that Sirius XM Holdings Inc. will post 3.01 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 10th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, August 10th. Sirius XM’s dividend payout ratio (DPR) is currently 43.20%.

Trending Headlines about Sirius XM

Here are the key news stories impacting Sirius XM this week:

• Positive Sentiment: HBO Max expansion could broaden Stern’s audience. Howard Stern is reportedly returning from his summer break with a reduced, once-weekly SiriusXM show that will also receive an edited video version on HBO Max. The arrangement could improve content reach, create additional promotional value and potentially support subscriber engagement, although financial terms were not disclosed. Howard Stern Sets Return From Summer Break, Announces Expansion of SiriusXM Show to HBO Max
• Neutral Sentiment: SiriusXM is emphasizing local and sports programming. The company is bringing WFAN sports-talk hosts to a broader SiriusXM audience and added a weekly show featuring college football coach Brian Kelly. These moves could diversify the content lineup and strengthen sports engagement, but their direct effect on revenue and subscriber growth remains unclear. SiriusXM is going local with your favorite WFAN sports talk radio hosts
• Negative Sentiment: Howard 101 has been removed from the SiriusXM lineup. The elimination of Stern’s second channel, combined with reports that his flagship program will air only once weekly, signals a smaller SiriusXM role for the company’s marquee personality. Stern reportedly expressed dissatisfaction with the change, raising concerns about potential audience loss, weaker exclusive content and increased dependence on a third-party platform such as HBO Max. SiriusXM eliminates Howard Stern’s extra channel Howard 101 Howard Stern Cuts SiriusXM Show to Once a Week, Inks HBO Max Deal for Streaming

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Benchmark restated a “buy” rating on shares of Sirius XM in a research note on Wednesday, July 29th. Rosenblatt Securities restated a “buy” rating and set a $45.00 price objective on shares of Sirius XM in a report on Tuesday, July 28th. Guggenheim reiterated a “buy” rating and issued a $35.00 target price (up from $34.00) on shares of Sirius XM in a research note on Friday, July 31st. Wells Fargo & Company increased their target price on shares of Sirius XM from $30.00 to $31.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Finally, Citigroup restated a “sell” rating and set a $25.00 price target (up from $22.00) on shares of Sirius XM in a research note on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three 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 target price of $30.92.

Insiders Place Their Bets

In related news, Director Jonelle Procope sold 16,672 shares of Sirius XM stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $29.97, for a total value of $499,659.84. Following the transaction, the director owned 18,354 shares in the company, valued at $550,069.38. This trade represents a 47.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.27% of the stock is owned by insiders.

Sirius XM Company 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.