Focus Partners Advisor Solutions LLC Acquires 24,206 Shares of Sirius XM Holdings Inc. $SIRI

Focus Partners Advisor Solutions LLC increased its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 201.9% during the second quarter, HoldingsChannel.com reports. The fund owned 36,195 shares of the company’s stock after buying an additional 24,206 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Sirius XM were worth $831,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. State of New Jersey Common Pension Fund D lifted its holdings in Sirius XM by 10.4% during the second quarter. State of New Jersey Common Pension Fund D now owns 85,456 shares of the company’s stock worth $1,963,000 after acquiring an additional 8,076 shares during the period. AlphaQuest LLC increased its position in Sirius XM by 309.9% in the second quarter. AlphaQuest LLC now owns 78,910 shares of the company’s stock worth $1,813,000 after buying an additional 59,658 shares during the last quarter. Paralel Advisors LLC purchased a new stake in Sirius XM in the second quarter worth $2,722,000. Rehmann Capital Advisory Group increased its position in Sirius XM by 12.7% in the second quarter. Rehmann Capital Advisory Group now owns 38,008 shares of the company’s stock worth $873,000 after buying an additional 4,278 shares during the last quarter. Finally, Mid American Wealth Advisory Group Inc. purchased a new stake in Sirius XM in the second quarter worth $48,000. 10.69% of the stock is currently owned by institutional investors.

Sirius XM Price Performance

Shares of NASDAQ SIRI opened at $21.40 on Wednesday. Sirius XM Holdings Inc. has a fifty-two week low of $18.69 and a fifty-two week high of $29.18. The stock has a fifty day moving average of $22.74 and a 200-day moving average of $22.38. 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 stock has a market cap of $7.21 billion, a PE ratio of -3.17, a price-to-earnings-growth ratio of 0.33 and a beta of 0.93.

Sirius XM (NASDAQ:SIRI) last posted its earnings results on Thursday, July 31st. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.22). Sirius XM had a positive return on equity of 3.73% and a negative net margin of 26.41%.The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the previous year, the firm earned $0.80 earnings per share. Sirius XM’s quarterly revenue was down 1.8% compared to the same quarter last year. Sirius XM has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Wednesday, November 5th will be given a dividend of $0.27 per share. 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 presently -16.00%.

Wall Street Analyst Weigh In

SIRI has been the subject of a number of recent research reports. Morgan Stanley raised their target price on 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 decreased their target price on Sirius XM from $19.00 to $18.00 and set an “underweight” rating for the company in a research report on Friday, August 1st. Zacks Research raised Sirius XM from a “strong sell” rating to a “hold” rating in a research report on Friday, August 15th. Barrington Research reissued an “outperform” rating and issued a $28.00 target price on shares of Sirius XM in a research report on Friday, August 1st. Finally, Rosenblatt Securities raised their target price on Sirius XM from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $25.13.

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.