Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Acquired by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL increased its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 17.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,357,876 shares of the company’s stock after acquiring an additional 200,000 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Sirius XM were worth $5,269,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. First United Bank & Trust acquired a new stake in Sirius XM during the fourth quarter valued at approximately $37,000. TFO Wealth Partners LLC raised its stake in Sirius XM by 140,560.0% during the fourth quarter. TFO Wealth Partners LLC now owns 7,033 shares of the company’s stock valued at $38,000 after buying an additional 7,028 shares in the last quarter. American National Bank acquired a new stake in Sirius XM during the fourth quarter valued at approximately $41,000. V Square Quantitative Management LLC raised its stake in Sirius XM by 66.6% during the fourth quarter. V Square Quantitative Management LLC now owns 7,990 shares of the company’s stock valued at $44,000 after buying an additional 3,194 shares in the last quarter. Finally, First PREMIER Bank acquired a new stake in Sirius XM during the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Insider Buying and Selling at Sirius XM

In other news, Director Kristina Salen sold 12,518 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $2.62, for a total transaction of $32,797.16. Following the completion of the sale, the director now owns 181,827 shares in the company, valued at approximately $476,386.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.79% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SIRI has been the topic of several research reports. Barrington Research restated an “outperform” rating and set a $4.75 price objective on shares of Sirius XM in a research note on Monday, July 15th. Wells Fargo & Company lowered their target price on Sirius XM from $3.00 to $2.50 and set an “underweight” rating for the company in a report on Wednesday, May 1st. Evercore ISI raised Sirius XM from an “underperform” rating to an “in-line” rating and lowered their target price for the company from $4.25 to $3.25 in a report on Monday, June 24th. The Goldman Sachs Group raised Sirius XM from a “sell” rating to a “neutral” rating and lowered their target price for the company from $3.50 to $3.25 in a report on Wednesday, May 1st. Finally, Rosenblatt Securities lowered their target price on Sirius XM from $4.50 to $3.40 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $4.07.

Sirius XM Price Performance

SIRI stock traded down $0.20 on Friday, reaching $3.72. The company’s stock had a trading volume of 30,704,702 shares, compared to its average volume of 48,485,832. The firm has a fifty day moving average of $3.06 and a two-hundred day moving average of $3.75. The company has a market capitalization of $14.31 billion, a P/E ratio of 11.27, a price-to-earnings-growth ratio of 1.22 and a beta of 1.08. Sirius XM Holdings Inc. has a 52 week low of $2.45 and a 52 week high of $5.78.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. Sirius XM had a negative return on equity of 47.17% and a net margin of 14.38%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the company posted $0.06 EPS. As a group, equities analysts expect that Sirius XM Holdings Inc. will post 0.31 EPS for the current fiscal year.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Shareholders of record on Friday, August 9th will be paid a dividend of $0.0266 per share. This represents a $0.11 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Friday, August 9th. Sirius XM’s payout ratio is currently 33.33%.

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.