Sirius XM Holdings Inc. $SIRI Position Boosted by Osaic Holdings Inc.

Osaic Holdings Inc. grew its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 48.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 181,541 shares of the company’s stock after purchasing an additional 59,620 shares during the period. Osaic Holdings Inc. owned 0.05% of Sirius XM worth $4,170,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Quaker Wealth Management LLC raised its position in Sirius XM by 214.7% in the second quarter. Quaker Wealth Management LLC now owns 1,603 shares of the company’s stock worth $37,000 after acquiring an additional 3,001 shares in the last quarter. True Wealth Design LLC increased its holdings in Sirius XM by 47.8% in the second quarter. True Wealth Design LLC now owns 1,616 shares of the company’s stock worth $37,000 after buying an additional 523 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Sirius XM by 36.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock worth $41,000 after purchasing an additional 493 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in Sirius XM during the second quarter valued at about $44,000. Finally, Mid American Wealth Advisory Group Inc. acquired a new stake in Sirius XM in the 2nd quarter worth $48,000. Institutional investors own 10.69% of the company’s stock.

Insider Activity at Sirius XM

In other news, Director Kristina Salen sold 1,845 shares of Sirius XM stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $21.64, for a total value of $39,925.80. Following the transaction, the director owned 19,969 shares in the company, valued at approximately $432,129.16. The trade was a 8.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.32% of the company’s stock.

Wall Street Analysts Forecast Growth

SIRI has been the topic of several research analyst reports. Barrington Research restated an “outperform” rating and set a $28.00 target price on shares of Sirius XM in a report on Monday, November 3rd. Benchmark reaffirmed a “buy” rating and issued a $30.00 target price (up previously from $28.00) on shares of Sirius XM in a research report on Friday, October 31st. JPMorgan Chase & Co. lifted their price target on Sirius XM from $19.00 to $20.00 and gave the stock an “underweight” rating in a report on Friday, October 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sirius XM in a research note on Monday. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $23.00 price target on shares of Sirius XM in a research report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $24.29.

Sirius XM Price Performance

SIRI stock opened at $20.70 on Thursday. The business has a 50-day simple moving average of $21.41 and a two-hundred day simple moving average of $22.36. Sirius XM Holdings Inc. has a 52-week low of $18.69 and a 52-week high of $27.41. The company has a market capitalization of $6.97 billion, a P/E ratio of 7.32, a price-to-earnings-growth ratio of 0.31 and a beta of 0.92. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.31 and a current ratio of 0.31.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.05. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. Sirius XM had a return on equity of 8.79% and a net margin of 11.61%.Sirius XM’s revenue was down .6% on a year-over-year basis. During the same period last year, the business posted ($8.74) earnings per share. Research analysts expect that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Wednesday, November 5th were given a dividend of $0.27 per share. The ex-dividend date was Wednesday, November 5th. This represents a $1.08 annualized dividend and a dividend yield of 5.2%. Sirius XM’s dividend payout ratio is 38.16%.

Sirius XM Company Profile

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.