PDT Partners LLC Takes $4.91 Million Position in Sirius XM Holdings Inc. $SIRI

PDT Partners LLC acquired a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the second quarter, HoldingsChannel reports. The fund acquired 124,330 shares of the company’s stock, valued at approximately $4,911,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SIRI. Jones Financial Companies Lllp bought a new position in shares of Sirius XM during the 2nd quarter valued at $25,000. Aberdeen Wealth Management LLC bought a new stake in shares of Sirius XM in the second quarter worth $26,000. Gables Capital Management Inc. bought a new stake in shares of Sirius XM in the second quarter worth $32,000. Global Retirement Partners LLC purchased a new stake in Sirius XM during the second quarter valued at $32,000. Finally, 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 valued at $30,000 after acquiring an additional 794 shares during the last quarter. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Insider Transactions at Sirius XM

In other news, Director Jonelle Procope sold 16,672 shares of Sirius XM stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $29.97, for a total transaction of $499,659.84. Following the sale, the director owned 18,354 shares in the company, valued at $550,069.38. This trade represents a 47.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.27% of the stock is currently owned by company insiders.

Sirius XM Stock Up 1.0%

SIRI opened at $28.73 on Wednesday. Sirius XM Holdings Inc. has a fifty-two week low of $19.76 and a fifty-two week high of $32.66. 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 stock has a market cap of $9.68 billion, a price-to-earnings ratio of 11.49, a price-to-earnings-growth ratio of 0.62 and a beta of 0.95. The firm’s fifty day moving average is $29.62 and its 200 day moving average is $26.39.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.08). Sirius XM had a net margin of 10.23% and a return on equity of 9.37%. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the previous year, the firm earned $0.57 earnings per share. Sirius XM’s revenue was up 1.0% on a year-over-year basis. On average, sell-side analysts forecast that Sirius XM Holdings Inc. will post 3.01 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Monday, August 10th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, August 10th. Sirius XM’s dividend payout ratio (DPR) is 43.20%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SIRI shares. UBS Group set a $30.00 target price on Sirius XM in a research report on Wednesday, July 29th. Bank of America reaffirmed an “underperform” rating on shares of Sirius XM in a research report on Friday, July 31st. Weiss Ratings raised shares of Sirius XM from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $32.00 target price on shares of Sirius XM in a report on Friday, August 7th. Finally, Wells Fargo & Company lifted their price target on shares of Sirius XM from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $30.92.

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.