Himension Capital Singapore PTE. LTD. Buys Shares of 40,188 Sirius XM Holdings Inc. $SIRI

Himension Capital Singapore PTE. LTD. bought a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 40,188 shares of the company’s stock, valued at approximately $928,000.

A number of other institutional investors have also made changes to their positions in SIRI. Root Financial Partners LLC raised its stake in shares of 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 acquiring an additional 1,195 shares during the period. Rossby Financial LCC lifted its holdings in shares of Sirius XM by 57.7% in the 4th quarter. Rossby Financial LCC now owns 1,621 shares of the company’s stock worth $32,000 after acquiring an additional 593 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Sirius XM during the 4th quarter worth approximately $40,000. Jessup Wealth Management Inc acquired a new stake in Sirius XM in the 4th quarter valued at approximately $40,000. Finally, Geneos Wealth Management Inc. increased its holdings in Sirius XM by 36.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock valued at $41,000 after purchasing an additional 493 shares during the last quarter. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM News Roundup

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

• Positive Sentiment: SiriusXM announced a broader partnership with Audacy that brings multiple local sports, news, and spoken-word radio stations onto the SiriusXM lineup, potentially strengthening its live content offering and subscriber appeal. Article Title
• Positive Sentiment: The company also signed Trixie Mattel and Katya Zamolodchikova’s popular podcast The Bald and the Beautiful, adding another exclusive audio property to its content lineup. Article Title
• Positive Sentiment: SiriusXM is launching “Little Miss Twain Radio” with a special one-night-only performance by Shania Twain, underscoring ongoing efforts to use exclusive artist-driven programming to attract listeners. Article Title
• Neutral Sentiment: Several articles highlighted the Audacy deal’s expansion into specific local stations, including WFAN and Pittsburgh outlets, which reinforces SiriusXM’s content breadth but is still mainly a strategic programming update rather than a direct financial catalyst. Article Title
• Neutral Sentiment: Market commentary from Zacks and Yahoo noted Sirius XM is positioned to beat earnings estimates again, which is supportive sentiment but not a confirmed near-term catalyst. Article Title
• Negative Sentiment: Morgan Stanley raised its price target on Sirius XM but maintained an underweight rating, signaling the firm still sees downside risk despite the higher target. Article Title

Sirius XM Trading Down 1.0%

Shares of SIRI stock opened at $30.29 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.44 and a current ratio of 0.44. The stock has a market capitalization of $10.20 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 0.66 and a beta of 0.95. The company has a 50 day moving average price of $28.76 and a 200 day moving average price of $24.82. Sirius XM Holdings Inc. has a fifty-two week low of $19.76 and a fifty-two week high of $31.42.

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

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 11th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.6%. Sirius XM’s dividend payout ratio is currently 45.57%.

Insider Buying and Selling at Sirius XM

In other news, insider Scott Andrew Greenstein sold 20,744 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $29.83, for a total transaction of $618,793.52. Following the sale, the insider owned 20,163 shares of the company’s stock, valued at approximately $601,462.29. This represents a 50.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Guggenheim reissued a “buy” rating on shares of Sirius XM in a research report on Wednesday, June 17th. Evercore set a $28.00 price target on Sirius XM in a research report on Friday, May 1st. JPMorgan Chase & Co. lifted their price objective on Sirius XM from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Morgan Stanley boosted their price objective on Sirius XM from $24.00 to $28.00 and gave the company an “underweight” rating in a report on Tuesday. Finally, Weiss Ratings raised Sirius XM from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 9th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $28.00.

About Sirius XM

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.