132,448 Shares in Sirius XM Holdings Inc. (NASDAQ:SIRI) Purchased by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC acquired a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 132,448 shares of the company’s stock, valued at approximately $375,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. GM Advisory Group LLC raised its stake in Sirius XM by 10.0% during the fourth quarter. GM Advisory Group LLC now owns 22,003 shares of the company’s stock worth $120,000 after acquiring an additional 2,000 shares during the period. D.A. Davidson & CO. grew its position in Sirius XM by 14.8% in the 4th quarter. D.A. Davidson & CO. now owns 16,949 shares of the company’s stock worth $93,000 after purchasing an additional 2,183 shares during the last quarter. Metis Global Partners LLC grew its position in Sirius XM by 6.4% in the 4th quarter. Metis Global Partners LLC now owns 42,763 shares of the company’s stock worth $234,000 after purchasing an additional 2,569 shares during the last quarter. M&T Bank Corp grew its position in Sirius XM by 3.9% in the 4th quarter. M&T Bank Corp now owns 74,315 shares of the company’s stock worth $407,000 after purchasing an additional 2,803 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its position in Sirius XM by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 299,611 shares of the company’s stock worth $1,639,000 after purchasing an additional 2,853 shares during the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Insider Activity at Sirius XM

In related news, Director Kristina Salen sold 12,518 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $2.60, for a total value of $32,546.80. Following the completion of the sale, the director now owns 169,309 shares in the company, valued at approximately $440,203.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Scott Andrew Greenstein sold 1,447,238 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $3.16, for a total value of $4,573,272.08. Following the completion of the sale, the insider now owns 989,331 shares in the company, valued at approximately $3,126,285.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kristina Salen sold 12,518 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was 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 owns 169,309 shares of the company’s stock, valued at approximately $440,203.40. The disclosure for this sale can be found here. 0.79% of the stock is owned by insiders.

Sirius XM Price Performance

SIRI stock opened at $2.91 on Friday. Sirius XM Holdings Inc. has a 12 month low of $2.45 and a 12 month high of $5.78. The firm has a market cap of $11.19 billion, a PE ratio of 8.82, a P/E/G ratio of 1.06 and a beta of 1.08. The firm has a 50 day simple moving average of $3.32 and a 200 day simple moving average of $3.36.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, August 1st. The company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. Sirius XM had a net margin of 14.56% and a negative return on equity of 52.15%. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.20 billion. As a group, sell-side analysts expect that Sirius XM Holdings Inc. will post 0.31 earnings per share for the current year.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Friday, August 9th were given a $0.0266 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.11 annualized dividend and a dividend yield of 3.66%. Sirius XM’s dividend payout ratio (DPR) is presently 30.30%.

Wall Street Analyst Weigh In

SIRI has been the subject of several recent analyst reports. Evercore ISI upgraded shares of Sirius XM from an “underperform” rating to an “in-line” rating and decreased their target price for the stock from $4.25 to $3.25 in a research report on Monday, June 24th. Barrington Research restated an “outperform” rating and issued a $4.75 target price on shares of Sirius XM in a research report on Monday, July 15th. StockNews.com started coverage on shares of Sirius XM in a research report on Monday, August 19th. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Sirius XM from $3.75 to $3.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Finally, Citigroup cut shares of Sirius XM from a “neutral” rating to a “sell” rating and set a $2.80 price objective for the company. in a report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $3.80.

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.