Bay Colony Advisory Group Inc d b a Bay Colony Advisors Buys Shares of 9,798 Sirius XM Holdings Inc. $SIRI

Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 9,798 shares of the company’s stock, valued at approximately $225,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quaker Wealth Management LLC grew its stake in Sirius XM by 214.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 1,603 shares of the company’s stock valued at $37,000 after acquiring an additional 3,001 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Sirius XM by 36.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock valued at $41,000 after acquiring an additional 493 shares in the last quarter. Mid American Wealth Advisory Group Inc. purchased a new position in Sirius XM during the 2nd quarter valued at about $48,000. Richards Merrill & Peterson Inc. purchased a new position in Sirius XM during the 1st quarter valued at about $52,000. Finally, State of Wyoming purchased a new position in Sirius XM during the 1st quarter valued at about $62,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SIRI shares. Benchmark reaffirmed a “buy” rating and set a $30.00 price target (up from $28.00) on shares of Sirius XM in a research note on Friday. JPMorgan Chase & Co. lifted their price target on Sirius XM from $19.00 to $20.00 and gave the company an “underweight” rating in a report on Friday. Zacks Research upgraded Sirius XM from a “strong sell” rating to a “hold” rating in a report on Friday, August 15th. Barrington Research reiterated an “outperform” rating and set a $28.00 price target on shares of Sirius XM in a report on Friday, August 1st. Finally, Rosenblatt Securities lifted their price target on Sirius XM from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $24.13.

Sirius XM Stock Down 6.5%

SIRI opened at $21.69 on Friday. The business has a 50 day moving average price of $22.70 and a 200 day moving average price of $22.41. Sirius XM Holdings Inc. has a twelve month low of $18.69 and a twelve month high of $29.18. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.41 and a current ratio of 0.41. The firm has a market cap of $7.30 billion, a P/E ratio of -3.21, a price-to-earnings-growth ratio of 0.32 and a beta of 0.93.

Sirius XM (NASDAQ:SIRI) last posted its earnings results on Thursday, October 30th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.05. Sirius XM had a positive return on equity of 3.73% and a negative net margin of 26.41%.The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the company earned ($8.74) EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. Sirius XM has set its FY 2025 guidance at EPS. Research analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Wednesday, November 5th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 5.0%. The ex-dividend date is Wednesday, November 5th. Sirius XM’s payout ratio is 38.16%.

Sirius XM Company Profile

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.