Sirius XM Holdings Inc. $SIRI Shares Sold by Blueshift Asset Management LLC

Blueshift Asset Management LLC lowered its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 52.1% during the second quarter, Holdings Channel reports. The firm owned 71,776 shares of the company’s stock after selling 77,996 shares during the period. Blueshift Asset Management LLC’s holdings in Sirius XM were worth $1,649,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Cresset Asset Management LLC grew its stake in Sirius XM by 9.0% during the 1st quarter. Cresset Asset Management LLC now owns 11,463 shares of the company’s stock worth $258,000 after buying an additional 944 shares during the last quarter. Brighton Jones LLC purchased a new stake in Sirius XM in the fourth quarter valued at approximately $622,000. CW Advisors LLC boosted its holdings in shares of Sirius XM by 101.0% in the first quarter. CW Advisors LLC now owns 114,086 shares of the company’s stock valued at $2,573,000 after acquiring an additional 57,330 shares during the period. Ninety One UK Ltd grew its position in shares of Sirius XM by 78.3% during the second quarter. Ninety One UK Ltd now owns 342,090 shares of the company’s stock worth $7,858,000 after acquiring an additional 150,261 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of Sirius XM in the 1st quarter valued at $286,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Insider Buying and Selling at Sirius XM

In related news, Director Kristina Salen sold 1,845 shares of Sirius XM stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $21.64, for a total value of $39,925.80. Following the transaction, the director owned 19,969 shares in the company, valued at approximately $432,129.16. This trade represents a 8.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.32% of the company’s stock.

Sirius XM Stock Performance

Shares of SIRI opened at $20.81 on Tuesday. Sirius XM Holdings Inc. has a 1 year low of $18.69 and a 1 year high of $29.18. The company’s 50 day simple moving average is $21.76 and its 200 day simple moving average is $22.43. The company has a market capitalization of $7.00 billion, a price-to-earnings ratio of -3.08, a PEG ratio of 0.32 and a beta of 0.96. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.41 and a current ratio of 0.41.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, October 30th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.79 by $0.05. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. Sirius XM had a positive return on equity of 3.73% and a negative net margin of 26.41%.The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($8.74) earnings per share. Sirius XM has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Wednesday, November 5th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, November 5th. This represents a $1.08 dividend on an annualized basis and a yield of 5.2%. Sirius XM’s dividend payout ratio (DPR) is currently 38.16%.

Analysts Set New Price Targets

SIRI has been the topic of a number of recent research reports. Barrington Research restated an “outperform” rating and issued a $28.00 price objective on shares of Sirius XM in a research note on Monday, November 3rd. JPMorgan Chase & Co. raised their price target on Sirius XM from $19.00 to $20.00 and gave the stock an “underweight” rating in a report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sirius XM in a research note on Monday, November 24th. Zacks Research upgraded Sirius XM from a “strong sell” rating to a “hold” rating in a research note on Friday, August 15th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $23.00 target price on shares of Sirius XM in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $24.29.

Sirius XM Profile

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.