Universal Beteiligungs und Servicegesellschaft mbH Acquires New Shares in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 35,530 shares of the company’s stock, valued at approximately $801,000.

Other institutional investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in shares of Sirius XM during the 1st quarter worth approximately $25,000. Putney Financial Group LLC acquired a new position in shares of Sirius XM in the fourth quarter worth $27,000. Deseret Mutual Benefit Administrators raised its holdings in shares of Sirius XM by 79.3% in the first quarter. Deseret Mutual Benefit Administrators now owns 1,594 shares of the company’s stock worth $36,000 after acquiring an additional 705 shares during the last quarter. Itau Unibanco Holding S.A. lifted its position in shares of Sirius XM by 255.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company’s stock valued at $42,000 after acquiring an additional 1,321 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its stake in shares of Sirius XM by 3,263.3% during the first quarter. Golden State Wealth Management LLC now owns 2,018 shares of the company’s stock valued at $46,000 after acquiring an additional 1,958 shares during the last quarter. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Price Performance

Shares of Sirius XM stock opened at $21.18 on Friday. The business’s fifty day moving average price is $22.79 and its 200 day moving average price is $22.71. Sirius XM Holdings Inc. has a twelve month low of $18.69 and a twelve month high of $36.40. The company has a current ratio of 0.41, a quick ratio of 0.42 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $7.16 billion, a P/E ratio of -3.14, a PEG ratio of 0.30 and a beta of 0.92.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.22). Sirius XM had a negative net margin of 26.41% and a positive return on equity of 3.73%. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the firm earned $0.80 earnings per share. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Friday, August 8th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Friday, August 8th. Sirius XM’s payout ratio is -16.56%.

Insider Transactions at Sirius XM

In other news, Director Kristina Salen sold 1,651 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $22.27, for a total value of $36,767.77. Following the completion of the sale, the director owned 15,471 shares of the company’s stock, valued at $344,539.17. This represents a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SIRI has been the topic of a number of recent research reports. Barrington Research restated an “outperform” rating and issued a $28.00 target price on shares of Sirius XM in a report on Friday. Morgan Stanley raised their target price on shares of Sirius XM from $21.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 16th. Wells Fargo & Company cut their price target on Sirius XM from $19.00 to $18.00 and set an “underweight” rating for the company in a report on Friday. Guggenheim restated a “buy” rating and set a $29.00 price objective on shares of Sirius XM in a report on Thursday, June 26th. Finally, Rosenblatt Securities lowered their price objective on Sirius XM from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, May 2nd. Six research analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sirius XM currently has a consensus rating of “Hold” and a consensus target price of $26.42.

About Sirius XM

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.