Engineers Gate Manager LP Purchases 244,730 Shares of Sirius XM Holdings Inc. $SIRI

Engineers Gate Manager LP raised its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 419.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 303,029 shares of the company’s stock after buying an additional 244,730 shares during the period. Engineers Gate Manager LP owned 0.09% of Sirius XM worth $8,951,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of SIRI. NewEdge Advisors LLC grew its holdings in shares of Sirius XM by 37.3% in the second quarter. NewEdge Advisors LLC now owns 13,969 shares of the company’s stock valued at $413,000 after acquiring an additional 3,794 shares in the last quarter. IFP Advisors Inc lifted its holdings in Sirius XM by 48.9% during the second quarter. IFP Advisors Inc now owns 127,271 shares of the company’s stock worth $3,760,000 after acquiring an additional 41,797 shares during the period. Squarepoint Ops LLC boosted its position in Sirius XM by 3,565.7% in the second quarter. Squarepoint Ops LLC now owns 1,649,327 shares of the company’s stock worth $48,721,000 after purchasing an additional 1,604,333 shares during the last quarter. Allworth Financial LP grew its stake in Sirius XM by 0.7% in the 2nd quarter. Allworth Financial LP now owns 88,612 shares of the company’s stock valued at $2,618,000 after purchasing an additional 582 shares during the period. Finally, Paragon Capital Management Ltd bought a new position in Sirius XM in the 2nd quarter valued at $249,000. Institutional investors own 10.69% of the company’s stock.

Analyst Ratings Changes

SIRI has been the topic of a number of recent analyst reports. Cantor Fitzgerald began coverage on Sirius XM in a research note on Wednesday, September 2nd. They set an “overweight” rating on the stock. Rosenblatt Securities restated a “buy” rating and set a $45.00 price target on shares of Sirius XM in a research report on Tuesday, July 28th. Weiss Ratings upgraded shares of Sirius XM from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 9th. William Blair raised shares of Sirius XM to a “market perform” rating in a research report on Wednesday, September 2nd. Finally, Morgan Stanley boosted their target price on shares of Sirius XM from $24.00 to $28.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $32.00.

Sirius XM Stock Performance

Shares of SIRI opened at $28.88 on Friday. The firm has a market cap of $9.73 billion, a PE ratio of 11.55, a PEG ratio of 0.51 and a beta of 0.95. The stock’s fifty day moving average price is $29.66 and its two-hundred day moving average price is $27.01. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.46 and a quick ratio of 0.46. Sirius XM Holdings Inc. has a 1 year low of $19.76 and a 1 year high of $32.66.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.08). The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. Sirius XM had a return on equity of 9.37% and a net margin of 10.23%.The firm’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS. On average, equities research analysts forecast that Sirius XM Holdings Inc. will post 3 EPS for the current year.

Sirius XM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 10th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.08 annualized dividend and a yield of 3.7%. Sirius XM’s dividend payout ratio is 43.20%.

Key Sirius XM News

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

• Positive Sentiment: Investors purchased 70,933 SIRI call options on September 9—about 254% above average call volume—signaling increased near-term bullish speculation. SIRI also appeared among the market’s most actively traded options. Most Active Options Report: AI, GRAB, SIRI
• Positive Sentiment: Howard Stern’s show is being promoted for an HBO Max move, including a new trailer. Broader distribution could increase Stern’s audience and visibility, potentially supporting the value of SiriusXM’s flagship content and partnership portfolio. Howard Stern’s SiriusXM Show Heads To HBO Max With New Trailer
• Neutral Sentiment: SiriusXM management participated in Goldman Sachs and Bank of America media conferences. The available reports identify presentation transcripts but provide no specific new guidance, financial targets, or strategic announcements likely to materially change valuation. Goldman Sachs Conference Transcript
• Neutral Sentiment: The reported short-interest data shows zero shares and a zero-day short-interest ratio, but the accompanying percentage increase is listed as “NaN,” making the figures unreliable and offering little usable insight into investor positioning.
• Negative Sentiment: Reports say Channel 101 was dropped following mass layoffs, while Stern’s wife addressed the show’s HBO move. Losing SiriusXM-exclusive programming could raise concerns about content reductions, employee disruption, and whether the HBO arrangement benefits SiriusXM directly. Howard Stern’s Wife Discusses HBO Move

Insider Buying and Selling

In other Sirius XM news, Director Jonelle Procope sold 16,672 shares of the stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $29.97, for a total transaction of $499,659.84. Following the completion of the transaction, the director owned 18,354 shares in the company, valued at $550,069.38. This trade represents a 47.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.27% of the stock is currently owned by company insiders.

Sirius XM Profile

Sirius XM Holdings Inc provides subscription-based audio entertainment and information services in the United States and Canada. Its SiriusXM service delivers commercial-free music, sports, news, talk and entertainment programming through satellite radio and internet streaming, including its mobile app and connected-vehicle platforms.

The company offers a broad range of exclusive and licensed content, including live sports coverage, original talk and comedy programs, news services, podcasts, and music channels organized by genre and artist.