CW Advisors LLC Increases Holdings in Sirius XM Holdings Inc. $SIRI

CW Advisors LLC increased its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 101.1% during the 2nd quarter, Holdings Channel reports. The firm owned 229,406 shares of the company’s stock after acquiring an additional 115,320 shares during the quarter. CW Advisors LLC’s holdings in Sirius XM were worth $5,269,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SIRI. Cresset Asset Management LLC grew its position in shares of 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 in the last quarter. Brighton Jones LLC purchased a new stake in Sirius XM in the fourth quarter worth about $622,000. Ninety One UK Ltd grew its holdings in Sirius XM by 78.3% during the 2nd 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 in the last quarter. Kovitz Investment Group Partners LLC purchased a new position in Sirius XM during the 1st quarter valued at about $286,000. Finally, Raymond James Financial Inc. raised its holdings in shares of Sirius XM by 11.7% in the 1st quarter. Raymond James Financial Inc. now owns 949,582 shares of the company’s stock valued at $21,408,000 after purchasing an additional 99,389 shares in the last quarter. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SIRI has been the topic of several research reports. Benchmark reissued a “buy” rating and set a $30.00 price objective (up from $28.00) on shares of Sirius XM in a report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sirius XM in a research report on Monday. Zacks Research raised Sirius XM from a “strong sell” rating to a “hold” rating in a research report on Friday, August 15th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $23.00 price objective on shares of Sirius XM in a research report on Monday, December 1st. Finally, Barrington Research reiterated an “outperform” rating and issued a $28.00 target price on shares of Sirius XM in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $24.29.

Sirius XM Stock Up 2.1%

Shares of SIRI stock opened at $22.03 on Friday. The stock’s fifty day moving average price is $21.66 and its 200 day moving average price is $22.40. Sirius XM Holdings Inc. has a 1-year low of $18.69 and a 1-year high of $29.18. The company has a market cap of $7.41 billion, a price-to-earnings ratio of 7.78, a price-to-earnings-growth ratio of 0.32 and a beta of 0.92. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.31 and a quick ratio of 0.31.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.05. Sirius XM had a return on equity of 8.79% and a net margin of 11.61%.The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period last year, the business posted ($8.74) earnings per share. The firm’s revenue was down .6% compared to the same quarter last year. On average, research analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Wednesday, November 5th were paid a $0.27 dividend. The ex-dividend date was Wednesday, November 5th. This represents a $1.08 dividend on an annualized basis and a yield of 4.9%. Sirius XM’s dividend payout ratio (DPR) is 38.16%.

Insiders Place Their Bets

In other Sirius XM news, Director Kristina Salen sold 1,845 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $21.64, for a total transaction of $39,925.80. Following the transaction, the director owned 19,969 shares in the company, valued at approximately $432,129.16. This represents a 8.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.32% 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.