Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,962 shares of the company’s stock after acquiring an additional 3,746 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Sirius XM were worth $328,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SIRI. BlackRock Inc. boosted its holdings in shares of Sirius XM by 1.5% during the first quarter. BlackRock Inc. now owns 55,856,344 shares of the company’s stock valued at $221,750,000 after acquiring an additional 839,408 shares during the period. State Street Corp grew its position in Sirius XM by 18.1% in the 2nd quarter. State Street Corp now owns 28,762,745 shares of the company’s stock worth $130,295,000 after purchasing an additional 4,411,282 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Sirius XM by 482.9% in the third quarter. AQR Capital Management LLC now owns 14,641,104 shares of the company’s stock valued at $66,178,000 after purchasing an additional 12,129,166 shares during the period. Northern Trust Corp raised its holdings in shares of Sirius XM by 22.6% during the first quarter. Northern Trust Corp now owns 13,108,517 shares of the company’s stock valued at $86,779,000 after buying an additional 2,413,360 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Sirius XM by 5.6% during the fourth quarter. Victory Capital Management Inc. now owns 10,457,380 shares of the company’s stock worth $61,071,000 after buying an additional 556,279 shares during the period. Institutional investors own 10.69% of the company’s stock.

Insider Activity

In other Sirius XM news, insider Joseph A. Inzerillo sold 107,611 shares of Sirius XM stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $4.90, for a total transaction of $527,293.90. Following the transaction, the insider now directly owns 746,816 shares in the company, valued at approximately $3,659,398.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Sirius XM news, insider Joseph A. Inzerillo sold 107,611 shares of Sirius XM stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $4.90, for a total value of $527,293.90. Following the completion of the sale, the insider now directly owns 746,816 shares in the company, valued at $3,659,398.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James E. Meyer sold 800,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $4.92, for a total value of $3,936,000.00. Following the completion of the sale, the director now owns 1,091,472 shares of the company’s stock, valued at $5,370,042.24. The disclosure for this sale can be found here. 0.79% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com began coverage on Sirius XM in a research note on Saturday, April 13th. They set a “hold” rating on the stock. Benchmark reduced their price objective on shares of Sirius XM from $7.00 to $6.50 and set a “buy” rating for the company in a report on Wednesday, March 27th. Guggenheim started coverage on shares of Sirius XM in a research note on Thursday, March 14th. They set a “neutral” rating and a $4.00 target price on the stock. Wells Fargo & Company decreased their price objective on shares of Sirius XM from $4.50 to $3.00 and set an “underweight” rating for the company in a report on Monday, April 1st. Finally, Citigroup raised their price objective on shares of Sirius XM from $3.60 to $4.10 and gave the company a “sell” rating in a research note on Friday, January 12th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Sirius XM has a consensus rating of “Hold” and a consensus target price of $4.74.

Sirius XM Price Performance

SIRI stock opened at $3.06 on Friday. The firm has a market cap of $11.77 billion, a PE ratio of 9.56, a P/E/G ratio of 1.07 and a beta of 1.04. Sirius XM Holdings Inc. has a 12 month low of $3.04 and a 12 month high of $7.95. The firm has a 50 day simple moving average of $4.06 and a 200 day simple moving average of $4.65.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.30 billion. Sirius XM had a negative return on equity of 42.54% and a net margin of 14.05%. As a group, sell-side analysts expect that Sirius XM Holdings Inc. will post 0.29 earnings per share for the current year.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a dividend of $0.0266 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 3.48%. Sirius XM’s dividend payout ratio is currently 34.38%.

About Sirius XM

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.