Stevens Capital Management LP purchased a new stake in Sirius XM Holdings Inc (NASDAQ:SIRI) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 135,141 shares of the company’s stock, valued at approximately $766,000.
Several other large investors also recently bought and sold shares of the stock. Quadrant Capital Group LLC boosted its holdings in Sirius XM by 62.5% during the 1st quarter. Quadrant Capital Group LLC now owns 5,650 shares of the company’s stock worth $30,000 after acquiring an additional 2,174 shares during the last quarter. We Are One Seven LLC purchased a new position in shares of Sirius XM in the 4th quarter worth about $41,000. Bruderman Asset Management LLC raised its stake in Sirius XM by 268.3% in the 4th quarter. Bruderman Asset Management LLC now owns 8,567 shares of the company’s stock valued at $49,000 after acquiring an additional 6,241 shares during the period. Liberty Wealth Management LLC bought a new stake in Sirius XM in the 4th quarter valued at about $49,000. Finally, CWM LLC raised its stake in Sirius XM by 127.2% in the 4th quarter. CWM LLC now owns 8,959 shares of the company’s stock valued at $51,000 after acquiring an additional 5,015 shares during the period. 16.91% of the stock is owned by hedge funds and other institutional investors.
Shares of SIRI stock traded up $0.03 during trading on Friday, hitting $5.68. The company had a trading volume of 160,036 shares, compared to its average volume of 30,536,794. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 46.63. The stock has a market cap of $25.38 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 2.80 and a beta of 1.03. Sirius XM Holdings Inc has a 52 week low of $5.48 and a 52 week high of $7.70.
Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.02). The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.77 billion. Sirius XM had a negative return on equity of 96.85% and a net margin of 17.08%. The firm’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter last year, the company posted $0.06 earnings per share. As a group, sell-side analysts forecast that Sirius XM Holdings Inc will post 0.22 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 10th will be given a $0.0121 dividend. This represents a $0.05 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, May 9th. Sirius XM’s dividend payout ratio (DPR) is 19.23%.
Sirius XM declared that its board has authorized a stock buyback program on Tuesday, January 29th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 7.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
A number of brokerages recently issued reports on SIRI. Pivotal Research upgraded Sirius XM from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research note on Thursday, April 25th. Zacks Investment Research cut Sirius XM from a “hold” rating to a “sell” rating in a research note on Thursday, March 28th. Barrington Research restated a “buy” rating and issued a $8.00 price objective on shares of Sirius XM in a research note on Wednesday, April 24th. BidaskClub cut Sirius XM from a “hold” rating to a “sell” rating in a research report on Wednesday, March 27th. Finally, Morgan Stanley assumed coverage on Sirius XM in a research report on Friday, March 15th. They set an “equal weight” rating and a $6.50 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $7.29.
In related news, EVP James Arthur Cady sold 588,503 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $6.13, for a total value of $3,607,523.39. Following the transaction, the executive vice president now directly owns 1,840,070 shares in the company, valued at $11,279,629.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.76% of the stock is currently owned by corporate insiders.
Sirius XM Profile
Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres ranging from rock, pop and hip-hop, country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.
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