Strategic Blueprint LLC purchased a new position in shares of Sirius XM Holdings Inc (NASDAQ:SIRI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,510 shares of the company’s stock, valued at approximately $47,000.
A number of other large investors also recently modified their holdings of SIRI. Point72 Hong Kong Ltd bought a new stake in Sirius XM during the second quarter worth $29,000. Rockefeller Capital Management L.P. lifted its stake in Sirius XM by 533.0% during the second quarter. Rockefeller Capital Management L.P. now owns 5,393 shares of the company’s stock worth $30,000 after purchasing an additional 4,541 shares during the last quarter. Coastal Capital Group Inc. bought a new stake in Sirius XM during the second quarter worth $32,000. Westside Investment Management Inc. bought a new stake in Sirius XM during the second quarter worth $37,000. Finally, Manchester Financial Inc. bought a new stake in Sirius XM during the second quarter worth $38,000. 18.91% of the stock is currently owned by institutional investors and hedge funds.
SIRI has been the subject of several recent analyst reports. Wells Fargo & Co initiated coverage on Sirius XM in a research note on Monday, September 23rd. They set an “outperform” rating and a $8.00 target price for the company. Benchmark initiated coverage on Sirius XM in a research note on Wednesday, October 9th. They set a “hold” rating and a $8.00 target price for the company. Pivotal Research restated a “buy” rating and set a $7.70 target price on shares of Sirius XM in a research note on Friday, August 9th. BidaskClub cut Sirius XM from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 12th. Finally, ValuEngine cut Sirius XM from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. Sirius XM presently has an average rating of “Buy” and an average target price of $7.32.
Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. Sirius XM had a negative return on equity of 117.72% and a net margin of 15.25%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the prior year, the company earned $0.06 EPS. Sirius XM’s revenue was up 38.1% compared to the same quarter last year. Equities analysts anticipate that Sirius XM Holdings Inc will post 0.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 8th will be paid a $0.0133 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.83%. This is a boost from Sirius XM’s previous quarterly dividend of $0.01. The ex-dividend date is Thursday, November 7th. Sirius XM’s dividend payout ratio is presently 19.23%.
In other news, VP Thomas D. Barry sold 164,715 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $5.99, for a total value of $986,642.85. Following the completion of the transaction, the vice president now directly owns 265,735 shares in the company, valued at approximately $1,591,752.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jennifer C. Witz sold 504,830 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $6.02, for a total value of $3,039,076.60. Following the transaction, the insider now directly owns 913,904 shares of the company’s stock, valued at $5,501,702.08. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by corporate insiders.
About Sirius XM
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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