31,900 Shares in Sirius XM Holdings Inc. (NASDAQ:SIRI) Purchased by Bayesian Capital Management LP

Bayesian Capital Management LP purchased a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 31,900 shares of the company’s stock, valued at approximately $124,000.

Other institutional investors also recently modified their holdings of the company. First United Bank & Trust bought a new position in shares of Sirius XM in the 4th quarter worth about $37,000. TFO Wealth Partners LLC increased its stake in shares of Sirius XM by 140,560.0% in the 4th quarter. TFO Wealth Partners LLC now owns 7,033 shares of the company’s stock worth $38,000 after acquiring an additional 7,028 shares in the last quarter. American National Bank bought a new position in shares of Sirius XM in the 4th quarter worth about $41,000. V Square Quantitative Management LLC increased its stake in Sirius XM by 66.6% during the 4th quarter. V Square Quantitative Management LLC now owns 7,990 shares of the company’s stock valued at $44,000 after purchasing an additional 3,194 shares in the last quarter. Finally, First PREMIER Bank bought a new stake in Sirius XM during the 1st quarter valued at about $31,000. 10.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sirius XM

In other news, Director Kristina Salen sold 12,518 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $2.60, for a total transaction of $32,546.80. Following the completion of the sale, the director now directly owns 169,309 shares of the company’s stock, valued at $440,203.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SIRI. Barrington Research restated an “outperform” rating and set a $4.75 price objective on shares of Sirius XM in a research note on Monday, July 15th. Seaport Res Ptn upgraded shares of Sirius XM from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. Citigroup lowered shares of Sirius XM from a “neutral” rating to a “sell” rating and set a $2.80 price target for the company. in a research note on Thursday, July 25th. The Goldman Sachs Group upgraded shares of Sirius XM from a “sell” rating to a “neutral” rating and reduced their price target for the stock from $3.50 to $3.25 in a research note on Wednesday, May 1st. Finally, Pivotal Research upgraded shares of Sirius XM from a “hold” rating to a “buy” rating and reduced their price target for the stock from $5.05 to $4.90 in a research note on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $4.07.

Sirius XM Price Performance

Shares of NASDAQ:SIRI opened at $3.23 on Friday. The company has a market capitalization of $12.42 billion, a P/E ratio of 9.79, a P/E/G ratio of 1.13 and a beta of 1.08. Sirius XM Holdings Inc. has a 1-year low of $2.45 and a 1-year high of $5.78. The firm’s 50 day simple moving average is $3.11 and its two-hundred day simple moving average is $3.71.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.20 billion. Sirius XM had a net margin of 14.38% and a negative return on equity of 47.17%. On average, sell-side analysts anticipate that Sirius XM Holdings Inc. will post 0.31 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Shareholders of record on Friday, August 9th will be given a dividend of $0.0266 per share. This represents a $0.11 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Friday, August 9th. Sirius XM’s dividend payout ratio (DPR) is 33.33%.

Sirius XM Company Profile

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company's Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.