Osmosis Investment Management UK Ltd Makes New Investment in Sirius XM Holdings Inc. $SIRI

Osmosis Investment Management UK Ltd purchased a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,931 shares of the company’s stock, valued at approximately $1,223,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of Nova Scotia acquired a new stake in Sirius XM in the second quarter worth about $387,690,000. BlackRock Inc. increased its stake in Sirius XM by 82.9% during the 2nd quarter. BlackRock Inc. now owns 17,602,229 shares of the company’s stock valued at $519,970,000 after buying an additional 7,977,045 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Sirius XM during the 2nd quarter worth about $180,538,000. Dimensional Fund Advisors LP lifted its stake in shares of Sirius XM by 262.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,301,181 shares of the company’s stock worth $145,426,000 after acquiring an additional 4,560,821 shares during the period. Finally, Deutsche Bank AG acquired a new stake in shares of Sirius XM in the 2nd quarter worth approximately $145,468,000. 10.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SIRI shares. Rosenblatt Securities reiterated a “buy” rating and issued a $45.00 price objective on shares of Sirius XM in a report on Tuesday, July 28th. Guggenheim reissued a “buy” rating and set a $35.00 target price (up from $34.00) on shares of Sirius XM in a report on Friday, July 31st. Wells Fargo & Company upped their target price on Sirius XM from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Citigroup reaffirmed a “sell” rating and set a $25.00 price target (up from $22.00) on shares of Sirius XM in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. lifted their price target on Sirius XM from $26.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Sirius XM presently has an average rating of “Hold” and an average price target of $30.92.

Insider Buying and Selling at Sirius XM

In other news, Director Jonelle Procope sold 16,672 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $29.97, for a total transaction of $499,659.84. Following the completion of the sale, the director directly owned 18,354 shares of the company’s stock, valued at $550,069.38. This trade represents a 47.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Scott Andrew Greenstein sold 20,744 shares of Sirius XM stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $29.83, for a total value of $618,793.52. Following the completion of the transaction, the insider owned 20,163 shares in the company, valued at $601,462.29. The trade was a 50.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.27% of the stock is currently owned by corporate insiders.

Sirius XM Stock Performance

NASDAQ:SIRI opened at $28.45 on Tuesday. Sirius XM Holdings Inc. has a twelve month low of $19.76 and a twelve month high of $32.66. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.79. The company has a 50-day moving average of $29.60 and a 200-day moving average of $26.33. The firm has a market cap of $9.59 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 0.62 and a beta of 0.95.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, July 30th. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.08). Sirius XM had a return on equity of 9.37% and a net margin of 10.23%.The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. 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 declared a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Monday, August 10th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.08 annualized dividend and a dividend yield of 3.8%. Sirius XM’s dividend payout ratio is currently 43.20%.

About Sirius XM

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.