JB Capital LLC Acquires Shares of 11,427 Sirius XM Holdings Inc. $SIRI

JB Capital LLC bought a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,427 shares of the company’s stock, valued at approximately $262,000.

A number of other hedge funds have also recently modified their holdings of SIRI. Opal Wealth Advisors LLC bought a new position in shares of Sirius XM during the first quarter valued at approximately $25,000. Deseret Mutual Benefit Administrators grew its stake in shares of Sirius XM by 79.3% during the first quarter. Deseret Mutual Benefit Administrators now owns 1,594 shares of the company’s stock valued at $36,000 after buying an additional 705 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Sirius XM by 36.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock valued at $41,000 after buying an additional 493 shares during the last quarter. Golden State Wealth Management LLC grew its stake in shares of Sirius XM by 3,263.3% during the first quarter. Golden State Wealth Management LLC now owns 2,018 shares of the company’s stock valued at $46,000 after buying an additional 1,958 shares during the last quarter. Finally, Richards Merrill & Peterson Inc. bought a new position in shares of Sirius XM during the first quarter valued at approximately $52,000. Institutional investors own 10.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SIRI shares. Guggenheim reiterated 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. Morgan Stanley boosted their price target on Sirius XM from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, July 16th. Wells Fargo & Company lowered their price target on Sirius XM from $19.00 to $18.00 and set an “underweight” rating for the company in a report on Friday, August 1st. Finally, Rosenblatt Securities boosted their price target on Sirius XM from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, August 4th. One 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 stock. According to data from MarketBeat, Sirius XM currently has an average rating of “Hold” and a consensus price target of $26.70.

Sirius XM Trading Down 5.4%

NASDAQ:SIRI opened at $20.93 on Friday. The company has a market capitalization of $7.05 billion, a P/E ratio of -3.10, a PEG 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. The firm has a fifty day simple moving average of $22.83 and a 200-day simple moving average of $22.34. Sirius XM Holdings Inc. has a 12 month low of $18.69 and a 12 month high of $29.18.

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

Sirius XM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Friday, August 8th were given a dividend of $0.27 per share. The ex-dividend date was Friday, August 8th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.2%. Sirius XM’s dividend payout ratio (DPR) is currently -16.00%.

About Sirius XM

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.