Sirius XM Holdings Inc. $SIRI Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 292.5% during the third quarter, HoldingsChannel reports. The firm owned 113,728 shares of the company’s stock after buying an additional 84,751 shares during the period. SG Americas Securities LLC’s holdings in Sirius XM were worth $2,647,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Letson Investment Management Inc. purchased a new stake in shares of Sirius XM during the 3rd quarter valued at about $556,000. Asset Management One Co. Ltd. acquired a new stake in Sirius XM in the third quarter valued at approximately $85,000. Mather Group LLC. purchased a new stake in shares of Sirius XM during the third quarter valued at approximately $42,000. Security National Bank purchased a new stake in shares of Sirius XM during the third quarter valued at approximately $47,000. Finally, Fort Henry Capital LLC acquired a new position in shares of Sirius XM during the third quarter worth $202,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Price Performance

SIRI opened at $20.81 on Wednesday. The company has a market capitalization of $7.00 billion, a P/E ratio of 7.35, a PEG ratio of 0.28 and a beta of 0.93. The company has a 50-day moving average of $21.16 and a 200-day moving average of $22.24. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.31 and a current ratio of 0.31. Sirius XM Holdings Inc. has a 1-year low of $18.69 and a 1-year high of $27.41.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.79 by $0.05. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Sirius XM had a net margin of 11.61% and a return on equity of 8.79%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company posted ($8.74) earnings per share. Equities analysts expect that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Wednesday, November 5th were given a $0.27 dividend. The ex-dividend date was Wednesday, November 5th. This represents a $1.08 annualized dividend and a dividend yield of 5.2%. Sirius XM’s dividend payout ratio (DPR) is presently 38.16%.

Insider Buying and Selling at Sirius XM

In related news, Director Kristina Salen sold 1,845 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $21.64, for a total transaction of $39,925.80. Following the sale, the director directly owned 19,969 shares of the company’s stock, valued at approximately $432,129.16. This represents a 8.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SIRI. Benchmark reaffirmed a “buy” rating and set a $30.00 price target (up from $28.00) on shares of Sirius XM in a report on Friday, October 31st. JPMorgan Chase & Co. upped their price objective on shares of Sirius XM from $19.00 to $20.00 and gave the company an “underweight” rating in a research report on Friday, October 31st. Rosenblatt Securities restated a “neutral” rating and set a $23.00 target price on shares of Sirius XM in a research note on Monday, December 1st. Barrington Research reiterated an “outperform” rating and issued a $28.00 price target on shares of Sirius XM in a research note on Monday, November 3rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Sirius XM in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $24.29.

Sirius XM 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.