GSA Capital Partners LLP Purchases New Shares in Sirius XM Holdings Inc. $SIRI

GSA Capital Partners LLP acquired a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 20,130 shares of the company’s stock, valued at approximately $595,000.

Other institutional investors have also added to or reduced their stakes in the company. Bridgewater Advisors Inc. bought a new stake in shares of Sirius XM during the 2nd quarter valued at about $248,000. Fifth Third Bancorp lifted its holdings in Sirius XM by 34.0% in the second quarter. Fifth Third Bancorp now owns 72,171 shares of the company’s stock worth $2,132,000 after buying an additional 18,294 shares during the period. Principal Financial Group Inc. purchased a new stake in Sirius XM in the second quarter worth about $12,642,000. Everstar Asset Management LLC boosted its position in Sirius XM by 12.4% during the 2nd quarter. Everstar Asset Management LLC now owns 48,113 shares of the company’s stock valued at $1,421,000 after acquiring an additional 5,323 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of Sirius XM by 2.9% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 21,235 shares of the company’s stock worth $627,000 after acquiring an additional 600 shares during the period. 10.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SIRI. Barrington Research increased their target price on Sirius XM from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $32.00 price target on shares of Sirius XM in a research note on Friday, August 7th. UBS Group set a $30.00 price objective on Sirius XM in a research report on Wednesday, July 29th. Benchmark restated a “buy” rating on shares of Sirius XM in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Sirius XM from $26.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $30.92.

Insider Activity

In other Sirius XM news, Director Jonelle Procope sold 16,672 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $29.97, for a total transaction of $499,659.84. Following the completion of the sale, the director directly owned 18,354 shares in the company, valued at approximately $550,069.38. This trade represents a 47.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott Andrew Greenstein sold 20,744 shares of Sirius XM stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $29.83, for a total transaction of $618,793.52. Following the completion of the transaction, the insider directly owned 20,163 shares of the company’s stock, valued at $601,462.29. This trade represents a 50.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.27% of the company’s stock.

Sirius XM Stock Down 1.0%

Shares of NASDAQ:SIRI opened at $28.39 on Friday. The stock has a fifty day simple moving average of $29.56 and a two-hundred day simple moving average of $26.22. The stock has a market capitalization of $9.57 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 0.62 and a beta of 0.95. Sirius XM Holdings Inc. has a 12-month low of $19.76 and a 12-month high of $32.66. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.79.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, July 30th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.08). Sirius XM had a return on equity of 9.37% and a net margin of 10.23%.The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the firm posted $0.57 earnings per share. The company’s revenue was up 1.0% compared to the same quarter last year. On average, research analysts anticipate that Sirius XM Holdings Inc. will post 3.01 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 Wednesday, August 26th. Investors of record on Monday, August 10th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Monday, August 10th. Sirius XM’s dividend payout ratio is 43.20%.

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.