Dimensional Fund Advisors LP Has $145.43 Million Stock Position in Sirius XM Holdings Inc. $SIRI

Dimensional Fund Advisors LP boosted its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 262.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,301,181 shares of the company’s stock after acquiring an additional 4,560,821 shares during the period. Dimensional Fund Advisors LP’s holdings in Sirius XM were worth $145,426,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SIRI. Root Financial Partners LLC grew its position in Sirius XM by 612.8% in the 1st quarter. Root Financial Partners LLC now owns 1,390 shares of the company’s stock valued at $32,000 after purchasing an additional 1,195 shares during the period. Rossby Financial LCC raised its holdings in Sirius XM by 57.7% during the fourth quarter. Rossby Financial LCC now owns 1,621 shares of the company’s stock worth $32,000 after buying an additional 593 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Sirius XM during the fourth quarter worth $40,000. Jessup Wealth Management Inc bought a new position in shares of Sirius XM in the fourth quarter valued at $40,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Sirius XM by 36.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock valued at $41,000 after buying an additional 493 shares in the last quarter. 10.69% of the stock is currently owned by institutional investors.

Sirius XM News Roundup

Here are the key news stories impacting Sirius XM this week:

• Positive Sentiment: Sirius XM announced a new 24/7 WWE radio channel, replacing its current pro wrestling programming and expanding its sports/entertainment lineup ahead of SummerSlam. WWE partnering with SiriusXM to launch ‘WWE Radio’
• Positive Sentiment: The WWE partnership could help Sirius XM attract and retain subscribers by adding a popular, year-round fan channel and strengthening its exclusive content strategy. SiriusXM to launch 24/7 WWE Radio station
• Positive Sentiment: Analysts are noting that Sirius XM enters its upcoming earnings report with the potential for an earnings beat, which can support sentiment if management confirms improving fundamentals. Sirius XM (SIRI) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Positive Sentiment: Management also announced a quarterly dividend of $0.27 per share, reinforcing Sirius XM’s appeal to income-focused investors.
• Neutral Sentiment: Additional coverage highlighted Sirius XM’s move to pick up two Pittsburgh radio stations, but the immediate stock impact is less clear than the WWE announcement. SiriusXM picking up 2 Pittsburgh radio stations
• Neutral Sentiment: Morgan Stanley also reportedly sees strong price appreciation potential for SIRI, adding to the bullish analyst backdrop. Morgan Stanley Forecasts Strong Price Appreciation for Sirius XM (NASDAQ:SIRI) Stock

Insider Transactions at Sirius XM

In other Sirius XM news, insider Scott Andrew Greenstein sold 20,744 shares of Sirius XM stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $29.83, for a total transaction of $618,793.52. Following the completion of the sale, the insider owned 20,163 shares of the company’s stock, valued at $601,462.29. The trade was a 50.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.27% of the stock is currently owned by company insiders.

Sirius XM Stock Performance

Sirius XM stock opened at $29.80 on Monday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.83. Sirius XM Holdings Inc. has a 1-year low of $19.76 and a 1-year high of $31.42. The firm has a market capitalization of $10.03 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 0.64 and a beta of 0.95. The firm’s 50 day simple moving average is $28.98 and its 200 day simple moving average is $25.01.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. Sirius XM had a return on equity of 9.19% and a net margin of 9.86%.The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter last year, the company earned $0.59 earnings per share. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, analysts expect that Sirius XM Holdings Inc. will post 3.1 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Monday, August 10th will be given a dividend of $0.27 per share. The ex-dividend date is Monday, August 10th. This represents a $1.08 annualized dividend and a dividend yield of 3.6%. Sirius XM’s dividend payout ratio (DPR) is 45.57%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Rosenblatt Securities decreased their price objective on Sirius XM from $46.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Guggenheim restated a “buy” rating on shares of Sirius XM in a report on Wednesday, June 17th. Evercore set a $28.00 target price on Sirius XM in a research report on Friday, May 1st. Barrington Research upped their price objective on shares of Sirius XM from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Finally, Citigroup reiterated a “sell” rating and set a $22.00 target price (up from $19.00) on shares of Sirius XM in a research report on Monday, May 4th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $28.00.

Sirius XM Company Profile

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.