Worldquant Millennium Advisors LLC increased its stake in shares of Sirius XM Holdings Inc (NASDAQ:SIRI) by 17.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,381,723 shares of the company’s stock after buying an additional 349,725 shares during the quarter. Worldquant Millennium Advisors LLC’s holdings in Sirius XM were worth $13,290,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new stake in shares of Sirius XM during the second quarter worth approximately $29,000. Rockefeller Capital Management L.P. lifted its stake in Sirius XM by 533.0% in the second quarter. Rockefeller Capital Management L.P. now owns 5,393 shares of the company’s stock valued at $30,000 after acquiring an additional 4,541 shares during the last quarter. Coastal Capital Group Inc. acquired a new stake in Sirius XM in the second quarter valued at approximately $32,000. Westside Investment Management Inc. acquired a new stake in Sirius XM in the second quarter valued at approximately $37,000. Finally, Manchester Financial Inc. acquired a new stake in Sirius XM in the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 18.91% of the company’s stock.
Shares of Sirius XM stock traded up $0.08 on Wednesday, reaching $6.31. The stock had a trading volume of 536,495 shares, compared to its average volume of 18,693,332. The business’s 50-day moving average price is $6.19 and its two-hundred day moving average price is $5.91. The company has a debt-to-equity ratio of 46.63, a quick ratio of 0.33 and a current ratio of 0.33. Sirius XM Holdings Inc has a fifty-two week low of $5.23 and a fifty-two week high of $6.51. The stock has a market cap of $27.86 billion, a P/E ratio of 24.29, a price-to-earnings-growth ratio of 2.49 and a beta of 1.02.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 9th were paid a $0.0121 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, August 8th. Sirius XM’s payout ratio is 19.23%.
In other news, insider Jennifer C. Witz sold 504,830 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $6.02, for a total value of $3,039,076.60. Following the completion of the sale, the insider now directly owns 913,904 shares in the company, valued at $5,501,702.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas D. Barry sold 164,715 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $5.99, for a total transaction of $986,642.85. Following the completion of the sale, the vice president now owns 265,735 shares of the company’s stock, valued at $1,591,752.65. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by insiders.
A number of research firms have issued reports on SIRI. Credit Suisse Group upgraded shares of Sirius XM from a “neutral” rating to an “outperform” rating and set a $7.00 target price for the company in a research note on Monday, June 10th. Wells Fargo & Co began coverage on shares of Sirius XM in a research note on Monday. They issued an “outperform” rating and a $8.00 target price for the company. BidaskClub cut shares of Sirius XM from a “strong-buy” rating to a “buy” rating in a research note on Saturday. ValuEngine upgraded shares of Sirius XM from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Finally, Pivotal Research reiterated a “buy” rating and issued a $7.70 target price on shares of Sirius XM in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $7.44.
Sirius XM Company Profile
Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres ranging from rock, pop and hip-hop, country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.
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