Chicago Equity Partners LLC trimmed its position in Sirius XM Holdings Inc (NASDAQ:SIRI) by 79.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 19,120 shares of the company’s stock after selling 74,750 shares during the period. Chicago Equity Partners LLC’s holdings in Sirius XM were worth $107,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Farmers National Bank bought a new position in shares of Sirius XM during the first quarter worth about $27,000. Quadrant Capital Group LLC grew its holdings in Sirius XM by 62.5% in the first quarter. Quadrant Capital Group LLC now owns 5,650 shares of the company’s stock worth $30,000 after purchasing an additional 2,174 shares during the period. Coastal Capital Group Inc. bought a new stake in Sirius XM in the second quarter valued at $32,000. Westside Investment Management Inc. acquired a new position in shares of Sirius XM during the second quarter valued at about $37,000. Finally, Manchester Financial Inc. bought a new position in shares of Sirius XM during the 2nd quarter worth about $38,000. Institutional investors and hedge funds own 19.02% of the company’s stock.
Shares of NASDAQ SIRI opened at $6.36 on Wednesday. The firm has a market cap of $28.30 billion, a price-to-earnings ratio of 24.46, a price-to-earnings-growth ratio of 2.49 and a beta of 1.02. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 46.63. The stock has a fifty day simple moving average of $6.15 and a two-hundred day simple moving average of $5.89. Sirius XM Holdings Inc has a 1-year low of $5.23 and a 1-year high of $7.25.
Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Sirius XM had a negative return on equity of 117.72% and a net margin of 15.25%. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period in the previous year, the company posted $0.06 EPS. The firm’s revenue for the quarter was up 38.1% compared to the same quarter last year. Analysts forecast that Sirius XM Holdings Inc will post 0.21 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 9th were issued a dividend of $0.0121 per share. This represents a $0.05 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, August 8th. Sirius XM’s payout ratio is 19.23%.
A number of research firms recently weighed in on SIRI. Credit Suisse Group raised Sirius XM from a “neutral” rating to an “outperform” rating and set a $7.00 price target on the stock in a research note on Monday, June 10th. BidaskClub raised shares of Sirius XM from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 19th. ValuEngine raised shares of Sirius XM from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Finally, Pivotal Research reiterated a “buy” rating and set a $7.70 price target on shares of Sirius XM in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $7.37.
In other Sirius XM news, insider Jennifer C. Witz sold 504,830 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $6.02, for a total transaction of $3,039,076.60. Following the transaction, the insider now directly owns 913,904 shares in the company, valued at $5,501,702.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas D. Barry sold 164,715 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $5.99, for a total transaction of $986,642.85. Following the completion of the sale, the vice president now directly owns 265,735 shares of the company’s stock, valued at $1,591,752.65. The disclosure for this sale can be found here. Company insiders own 0.93% of the company’s stock.
About Sirius XM
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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