Toroso Investments LLC bought a new stake in Sirius XM Holdings Inc (NASDAQ:SIRI) during the first quarter, according to its most recent filing with the SEC. The firm bought 12,187 shares of the company’s stock, valued at approximately $60,000.
A number of other large investors have also recently bought and sold shares of the stock. AGF Investments LLC acquired a new position in Sirius XM in the 1st quarter valued at $1,260,000. NewSquare Capital LLC acquired a new position in Sirius XM in the 1st quarter valued at $113,000. Trexquant Investment LP grew its stake in Sirius XM by 17.4% in the 1st quarter. Trexquant Investment LP now owns 897,632 shares of the company’s stock valued at $4,434,000 after buying an additional 132,910 shares during the last quarter. Citizens Financial Group Inc RI grew its stake in Sirius XM by 230.9% in the 1st quarter. Citizens Financial Group Inc RI now owns 25,982 shares of the company’s stock valued at $128,000 after buying an additional 18,131 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Sirius XM by 1.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 153,812 shares of the company’s stock valued at $761,000 after buying an additional 2,868 shares during the last quarter. Institutional investors and hedge funds own 17.48% of the company’s stock.
In related news, Director Gregory B. Maffei sold 84,750 shares of Sirius XM stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $5.60, for a total transaction of $474,600.00. Following the completion of the transaction, the director now directly owns 515,610 shares of the company’s stock, valued at approximately $2,887,416. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.93% of the company’s stock.
A number of research analysts recently issued reports on SIRI shares. Pivotal Research reiterated a “buy” rating and issued a $6.50 target price on shares of Sirius XM in a research note on Thursday, May 14th. Credit Suisse Group lowered shares of Sirius XM from an “outperform” rating to a “neutral” rating in a research report on Thursday, February 6th. They noted that the move was a valuation call. Barclays decreased their price target on shares of Sirius XM from $5.50 to $4.50 and set an “underweight” rating on the stock in a research report on Thursday, April 9th. B. Riley raised their price target on shares of Sirius XM from $7.00 to $7.25 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $6.00 price target on shares of Sirius XM in a research report on Thursday, April 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $6.93.
Shares of NASDAQ:SIRI traded up $0.11 during midday trading on Friday, reaching $5.31. 38,877,362 shares of the company’s stock were exchanged, compared to its average volume of 33,683,824. The company’s 50 day simple moving average is $5.33 and its two-hundred day simple moving average is $6.38. The firm has a market capitalization of $22.75 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 1.74 and a beta of 1.22. Sirius XM Holdings Inc has a 12 month low of $4.11 and a 12 month high of $7.40.
Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.93 billion. Sirius XM had a net margin of 13.06% and a negative return on equity of 153.53%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the firm earned $0.03 EPS. As a group, equities research analysts expect that Sirius XM Holdings Inc will post 0.23 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 8th will be issued a dividend of $0.0133 per share. This represents a $0.05 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, May 7th. Sirius XM’s dividend payout ratio is currently 25.00%.
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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