Hara Capital LLC Buys Shares of 29,559 Sirius XM Holdings Inc. $SIRI

Hara Capital LLC purchased a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 29,559 shares of the company’s stock, valued at approximately $1,181,000.

Other hedge funds have also recently modified their holdings of the company. Sunbelt Securities Inc. increased its position in Sirius XM by 158.5% during the first quarter. Sunbelt Securities Inc. now owns 1,295 shares of the company’s stock worth $30,000 after purchasing an additional 794 shares during the last quarter. Root Financial Partners LLC boosted its holdings in 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 purchasing an additional 1,195 shares during the last quarter. Gables Capital Management Inc. purchased a new stake in shares of Sirius XM in the 2nd quarter valued at approximately $32,000. Global Retirement Partners LLC acquired a new stake in shares of Sirius XM during the 2nd quarter worth approximately $32,000. Finally, Rossby Financial LCC increased its holdings in shares of Sirius XM by 57.7% during the 4th quarter. Rossby Financial LCC now owns 1,621 shares of the company’s stock worth $32,000 after buying an additional 593 shares during the last quarter. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on SIRI shares. Evercore set a $28.00 price objective on Sirius XM in a report on Friday, May 1st. JPMorgan Chase & Co. raised their target price on Sirius XM from $26.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Citigroup restated a “sell” rating and issued a $25.00 target price (up from $22.00) on shares of Sirius XM in a research report on Friday, July 31st. UBS Group set a $30.00 price target on Sirius XM in a research note on Wednesday, July 29th. Finally, Morgan Stanley increased their price target on Sirius XM from $24.00 to $28.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Sirius XM has an average rating of “Hold” and an average price target of $30.92.

Insiders Place Their Bets

In related news, insider Scott Andrew Greenstein sold 20,744 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $29.83, for a total transaction of $618,793.52. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonelle Procope sold 16,672 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $29.97, for a total value of $499,659.84. Following the transaction, the director owned 18,354 shares of the company’s stock, valued at $550,069.38. This trade represents a 47.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 3.27% of the company’s stock.

Sirius XM Stock Performance

Shares of SIRI stock opened at $28.39 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.46 and a current ratio of 0.46. The firm has a market cap of $9.57 billion, a P/E ratio of 11.36, a P/E/G ratio of 0.62 and a beta of 0.95. The firm’s 50 day moving average price is $29.56 and its 200-day moving average price is $26.22. Sirius XM Holdings Inc. has a one year low of $19.76 and a one year high of $32.66.

Sirius XM (NASDAQ:SIRI) last posted its 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 company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. Sirius XM had a net margin of 10.23% and a return on equity of 9.37%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $0.57 EPS. As a group, equities research analysts predict that Sirius XM Holdings Inc. will post 3.01 EPS for the current year.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Monday, August 10th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Monday, August 10th. Sirius XM’s dividend payout ratio (DPR) is currently 43.20%.

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.