Sirius XM Holdings Inc. $SIRI Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lessened its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 4.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 403,959 shares of the company’s stock after selling 20,280 shares during the quarter. Gamco Investors INC. ET AL owned about 0.12% of Sirius XM worth $9,323,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SIRI. Brighton Jones LLC purchased a new position in shares of Sirius XM during the fourth quarter worth approximately $622,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Sirius XM by 11.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 925,313 shares of the company’s stock valued at $20,861,000 after acquiring an additional 92,111 shares during the period. Focus Partners Wealth raised its position in Sirius XM by 5.2% in the 1st quarter. Focus Partners Wealth now owns 16,273 shares of the company’s stock valued at $367,000 after purchasing an additional 800 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Sirius XM by 36.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock valued at $41,000 after purchasing an additional 493 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in Sirius XM in the 2nd quarter valued at $208,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Price Performance

Shares of Sirius XM stock opened at $29.80 on Monday. The company has a market cap of $10.03 billion, a P/E ratio of 12.57, a PEG ratio of 0.64 and a beta of 0.95. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.44 and a current ratio of 0.44. Sirius XM Holdings Inc. has a one year low of $19.76 and a one year high of $31.42. The firm has a fifty day moving average of $28.98 and a two-hundred day moving average of $25.01.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, April 30th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Sirius XM had a net margin of 9.86% and a return on equity of 9.19%. The business’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business earned $0.59 EPS. On average, analysts forecast that Sirius XM Holdings Inc. will post 3.1 earnings per share for the current year.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Monday, August 10th will be given a $0.27 dividend. The ex-dividend date is Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a yield of 3.6%. Sirius XM’s dividend payout ratio (DPR) is presently 45.57%.

Insider Buying and Selling

In other Sirius XM news, insider Scott Andrew Greenstein sold 20,744 shares of Sirius XM stock in a transaction that occurred 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 sale, the insider owned 20,163 shares of the company’s stock, valued at approximately $601,462.29. The trade was a 50.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.27% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SIRI shares. Guggenheim reissued a “buy” rating on shares of Sirius XM in a research report on Wednesday, June 17th. Barrington Research upped their target price on shares of Sirius XM from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Rosenblatt Securities decreased their target price on shares of Sirius XM from $46.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Evercore set a $28.00 price target on Sirius XM in a report on Friday, May 1st. Finally, Weiss Ratings upgraded Sirius XM from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 9th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $28.00.

Key Stories Impacting Sirius XM

Here are the key news stories impacting Sirius XM this week:

• Positive Sentiment: Sirius XM announced a new 24/7 WWE radio channel, replacing its current pro wrestling programming and expanding its sports/entertainment lineup ahead of SummerSlam. WWE partnering with SiriusXM to launch ‘WWE Radio’
• Positive Sentiment: The WWE partnership could help Sirius XM attract and retain subscribers by adding a popular, year-round fan channel and strengthening its exclusive content strategy. SiriusXM to launch 24/7 WWE Radio station
• Positive Sentiment: Analysts are noting that Sirius XM enters its upcoming earnings report with the potential for an earnings beat, which can support sentiment if management confirms improving fundamentals. Sirius XM (SIRI) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Positive Sentiment: Management also announced a quarterly dividend of $0.27 per share, reinforcing Sirius XM’s appeal to income-focused investors.
• Neutral Sentiment: Additional coverage highlighted Sirius XM’s move to pick up two Pittsburgh radio stations, but the immediate stock impact is less clear than the WWE announcement. SiriusXM picking up 2 Pittsburgh radio stations
• Neutral Sentiment: Morgan Stanley also reportedly sees strong price appreciation potential for SIRI, adding to the bullish analyst backdrop. Morgan Stanley Forecasts Strong Price Appreciation for Sirius XM (NASDAQ:SIRI) Stock

Sirius XM Company 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.