RFG Advisory LLC Decreases Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

RFG Advisory LLC trimmed its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 14.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,440 shares of the company’s stock after selling 9,221 shares during the period. RFG Advisory LLC’s holdings in Sirius XM were worth $211,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Sirius XM by 1.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 573,562 shares of the company’s stock worth $3,120,000 after purchasing an additional 9,956 shares during the period. Morningstar Investment Services LLC acquired a new position in Sirius XM in the 4th quarter worth $85,000. Northern Trust Corp lifted its holdings in Sirius XM by 18.7% in the 3rd quarter. Northern Trust Corp now owns 11,256,094 shares of the company’s stock worth $50,878,000 after buying an additional 1,776,700 shares in the last quarter. Assetmark Inc. lifted its holdings in Sirius XM by 1,320.9% in the 4th quarter. Assetmark Inc. now owns 39,076 shares of the company’s stock worth $214,000 after buying an additional 36,326 shares in the last quarter. Finally, Jump Financial LLC lifted its holdings in Sirius XM by 25.2% in the 4th quarter. Jump Financial LLC now owns 42,385 shares of the company’s stock worth $232,000 after buying an additional 8,541 shares in the last quarter. 10.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sirius XM

In other Sirius XM news, Director Kristina Salen sold 12,518 shares of the firm’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 sale, the director now owns 169,309 shares in the company, valued at $440,203.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.79% of the stock is owned by company insiders.

Sirius XM Stock Up 1.5 %

Shares of NASDAQ SIRI opened at $2.70 on Thursday. The firm’s 50-day moving average price is $2.89 and its two-hundred day moving average price is $4.06. Sirius XM Holdings Inc. has a 52-week low of $2.45 and a 52-week high of $7.95. The stock has a market capitalization of $10.39 billion, a P/E ratio of 8.18, a P/E/G ratio of 0.87 and a beta of 1.08.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. Sirius XM had a net margin of 14.38% and a negative return on equity of 47.17%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the business earned $0.06 earnings per share. Sirius XM’s revenue was up .8% compared to the same quarter last year. As a group, equities research analysts expect that Sirius XM Holdings Inc. will post 0.31 earnings per share for the current year.

Sirius XM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Friday, May 10th were paid a $0.0266 dividend. The ex-dividend date was Thursday, May 9th. This represents a $0.11 annualized dividend and a dividend yield of 3.94%. Sirius XM’s payout ratio is currently 33.33%.

Analyst Ratings Changes

A number of brokerages have commented on SIRI. Benchmark cut their price objective on shares of Sirius XM from $7.00 to $6.50 and set a “buy” rating on the stock in a report on Wednesday, March 27th. The Goldman Sachs Group upgraded shares of Sirius XM from a “sell” rating to a “neutral” rating and cut their target price for the company from $3.50 to $3.25 in a research note on Wednesday, May 1st. Guggenheim assumed coverage on shares of Sirius XM in a research note on Thursday, March 14th. They issued a “neutral” rating and a $4.00 target price on the stock. Pivotal Research upgraded shares of Sirius XM from a “hold” rating to a “buy” rating and cut their target price for the company from $5.05 to $4.90 in a research note on Wednesday, April 24th. Finally, Citigroup upgraded shares of Sirius XM from a “sell” rating to a “neutral” rating and cut their target price for the company from $4.10 to $3.30 in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $4.21.

Sirius XM 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.