JB Capital LLC Takes $262,000 Position in Sirius XM Holdings Inc. $SIRI

JB Capital LLC bought a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,427 shares of the company’s stock, valued at approximately $262,000.

A number of other hedge funds have also recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. raised its position in shares of Sirius XM by 661.3% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,577,176 shares of the company’s stock worth $80,630,000 after purchasing an additional 3,107,313 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Sirius XM by 209.9% in the 1st quarter. AQR Capital Management LLC now owns 1,957,518 shares of the company’s stock worth $43,770,000 after purchasing an additional 1,325,870 shares during the last quarter. LSV Asset Management raised its position in shares of Sirius XM by 41.5% in the 1st quarter. LSV Asset Management now owns 3,197,800 shares of the company’s stock worth $72,094,000 after purchasing an additional 937,500 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Sirius XM by 42.0% in the 1st quarter. Ameriprise Financial Inc. now owns 2,345,364 shares of the company’s stock worth $52,876,000 after purchasing an additional 693,473 shares during the last quarter. Finally, Chou Associates Management Inc. raised its position in shares of Sirius XM by 5,479.5% in the 1st quarter. Chou Associates Management Inc. now owns 702,462 shares of the company’s stock worth $15,837,000 after purchasing an additional 689,872 shares during the last quarter. Institutional investors own 10.69% of the company’s stock.

Sirius XM Price Performance

Shares of Sirius XM stock opened at $20.93 on Friday. The stock has a 50 day moving average of $22.83 and a 200 day moving average of $22.34. Sirius XM Holdings Inc. has a 12 month low of $18.69 and a 12 month high of $29.18. The firm has a market cap of $7.05 billion, a PE ratio of -3.10, a PEG ratio of 0.34 and a beta of 0.93. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.89.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the company posted $0.80 earnings per share. Sirius XM’s quarterly revenue was down 1.8% on a year-over-year basis. Sirius XM has set its FY 2025 guidance at EPS. On average, research analysts expect that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Friday, August 8th were given a dividend of $0.27 per share. The ex-dividend date was Friday, August 8th. This represents a $1.08 dividend on an annualized basis and a yield of 5.2%. Sirius XM’s dividend payout ratio is -16.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Morgan Stanley lifted their price target on Sirius XM from $21.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 16th. Barrington Research reaffirmed an “outperform” rating and issued a $28.00 price target on shares of Sirius XM 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. Guggenheim reiterated a “buy” rating and issued a $29.00 price objective on shares of Sirius XM in a report on Thursday, June 26th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Sirius XM in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $26.70.

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.