Y Intercept Hong Kong Ltd Takes $1.49 Million Position in Sirius XM Holdings Inc. $SIRI

Y Intercept Hong Kong Ltd bought a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) during the 2nd quarter, Holdings Channel reports. The firm bought 64,658 shares of the company’s stock, valued at approximately $1,485,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SIRI. Geneos Wealth Management Inc. grew its position in shares of Sirius XM by 36.7% in the first 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. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Sirius XM in the second quarter valued at approximately $48,000. Richards Merrill & Peterson Inc. acquired a new position in shares of Sirius XM in the first quarter valued at approximately $52,000. State of Wyoming acquired a new position in shares of Sirius XM in the first quarter valued at approximately $62,000. Finally, MCF Advisors LLC grew its position in shares of Sirius XM by 4,480.3% in the first quarter. MCF Advisors LLC now owns 2,794 shares of the company’s stock valued at $63,000 after purchasing an additional 2,733 shares during the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Trading Down 6.5%

Shares of SIRI stock opened at $21.69 on Monday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.89. The stock 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. The stock has a 50 day simple moving average of $22.70 and a 200 day simple moving average of $22.43. Sirius XM Holdings Inc. has a 1 year low of $18.69 and a 1 year high of $29.18.

Sirius XM (NASDAQ:SIRI) last released 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 analysts’ expectations of $2.14 billion. During the same period in the prior year, the company earned ($8.74) earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. Sirius XM has set its FY 2025 guidance at EPS. On average, research analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently commented on SIRI shares. Zacks Research raised Sirius XM from a “strong sell” rating to a “hold” rating in a research report on Friday, August 15th. Rosenblatt Securities boosted their price target on Sirius XM from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. JPMorgan Chase & Co. boosted their price target on Sirius XM from $19.00 to $20.00 and gave the company an “underweight” rating in a research note on Friday. Morgan Stanley boosted their price target on Sirius XM from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, July 16th. Finally, Barrington Research reiterated an “outperform” rating and issued a $28.00 price target on shares of Sirius XM in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $24.13.

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.