Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Acquired by Seizert Capital Partners LLC

Seizert Capital Partners LLC boosted its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 0.5% during the 1st quarter, HoldingsChannel reports. The fund owned 2,281,165 shares of the company’s stock after buying an additional 11,549 shares during the period. Sirius XM comprises 2.4% of Seizert Capital Partners LLC’s portfolio, making the stock its 12th largest position. Seizert Capital Partners LLC’s holdings in Sirius XM were worth $51,429,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in SIRI. Berkshire Hathaway Inc increased its position in shares of Sirius XM by 11.7% in the 4th quarter. Berkshire Hathaway Inc now owns 117,468,573 shares of the company’s stock worth $2,678,283,000 after purchasing an additional 12,313,544 shares during the last quarter. Geode Capital Management LLC increased its holdings in Sirius XM by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 3,914,785 shares of the company’s stock valued at $89,284,000 after buying an additional 154,765 shares during the last quarter. LSV Asset Management acquired a new stake in Sirius XM during the fourth quarter valued at approximately $51,535,000. Epoch Investment Partners Inc. lifted its holdings in Sirius XM by 43.3% during the 4th quarter. Epoch Investment Partners Inc. now owns 2,068,251 shares of the company’s stock worth $47,156,000 after buying an additional 625,044 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Sirius XM by 69.3% during the 4th quarter. Ameriprise Financial Inc. now owns 1,651,891 shares of the company’s stock worth $37,663,000 after buying an additional 675,924 shares during the last quarter. 10.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SIRI. Morgan Stanley upped their price target on Sirius XM from $21.00 to $22.00 and gave the company an “underweight” rating in a research report on Wednesday, July 16th. Wells Fargo & Company increased their target price on shares of Sirius XM from $16.00 to $19.00 and gave the stock an “underweight” rating in a report on Wednesday, July 2nd. Guggenheim restated a “buy” rating and issued a $29.00 price target on shares of Sirius XM in a research report on Thursday, June 26th. Seaport Res Ptn raised shares of Sirius XM from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. Finally, Barrington Research reiterated an “outperform” rating and set a $28.00 price objective on shares of Sirius XM in a research note on Friday, May 2nd. Six research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $26.50.

Sirius XM Trading Down 0.6%

Sirius XM stock opened at $23.31 on Wednesday. Sirius XM Holdings Inc. has a 52-week low of $18.69 and a 52-week high of $36.40. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $7.88 billion, a price-to-earnings ratio of -3.58, a PEG ratio of 0.34 and a beta of 0.92. The firm has a 50-day moving average price of $22.80 and a two-hundred day moving average price of $22.70.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.11). Sirius XM had a positive return on equity of 6.77% and a negative net margin of 25.00%. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the prior year, the firm posted $0.07 earnings per share. The business’s quarterly revenue was down 4.3% on a year-over-year basis. Sell-side analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Friday, August 8th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, August 8th. This represents a $1.08 dividend on an annualized basis and a yield of 4.63%. Sirius XM’s dividend payout ratio (DPR) is presently -16.56%.

Insider Activity

In related news, Director Kristina Salen sold 1,651 shares of Sirius XM stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $22.27, for a total transaction of $36,767.77. Following the sale, the director directly owned 15,471 shares in the company, valued at $344,539.17. The trade was a 9.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.79% of the company’s stock.

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.