Sirius XM Holdings Inc. $SIRI Shares Sold by Private Management Group Inc.

Private Management Group Inc. decreased its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 14.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,051,944 shares of the company’s stock after selling 182,558 shares during the quarter. Private Management Group Inc.’s holdings in Sirius XM were worth $27,224,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Valeo Financial Advisors LLC raised its stake in shares of Sirius XM by 3.2% in the second quarter. Valeo Financial Advisors LLC now owns 10,916 shares of the company’s stock worth $322,000 after buying an additional 340 shares during the period. Altshuler Shaham Ltd grew its stake in shares of Sirius XM by 36.7% during the 1st quarter. Altshuler Shaham Ltd now owns 1,553 shares of the company’s stock valued at $36,000 after acquiring an additional 417 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Sirius XM by 33.7% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,837 shares of the company’s stock valued at $55,000 after acquiring an additional 463 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in Sirius XM by 5.4% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 9,862 shares of the company’s stock worth $291,000 after acquiring an additional 509 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in Sirius XM by 28.0% in the 2nd quarter. Versant Capital Management Inc now owns 2,562 shares of the company’s stock worth $76,000 after acquiring an additional 560 shares in the last quarter. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Key Stories Impacting Sirius XM

Here are the key news stories impacting Sirius XM this week:

• Positive Sentiment: Incoming CEO Anjali Sud previously led Tubi, bringing experience in digital media and streaming that could be relevant as SiriusXM develops its business. She is set to take over on January 1, 2027. SiriusXM names Tubi chief Anjali Sud as CEO
• Neutral Sentiment: Current CEO Jennifer Witz is stepping down after nearly 25 years with the company and will remain in an advisory role through the end of 2027, providing some continuity during the transition. The articles do not report new financial targets or other immediate operational changes. SiriusXM Announces CEO Transition
• Negative Sentiment: Investors initially appeared cautious about the succession: a report said SIRI shares slipped in premarket trading after Sud’s appointment was announced. SiriusXM stock slips as Anjali Sud named new CEO

Sirius XM Trading Up 0.8%

Shares of SIRI opened at $32.67 on Tuesday. The company’s fifty day moving average is $27.94 and its 200 day moving average is $26.51. Sirius XM Holdings Inc. has a fifty-two week low of $19.76 and a fifty-two week high of $33.76. The stock has a market capitalization of $10.99 billion, a PE ratio of 10.99, a P/E/G ratio of 0.55 and a beta of 0.98. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.32 and a current ratio of 0.32.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. Sirius XM had a net margin of 10.47% and a return on equity of 9.42%. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the firm earned $0.84 earnings per share. Sirius XM’s revenue was down .4% on a year-over-year basis. Sell-side analysts expect that Sirius XM Holdings Inc. will post 3.00 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Friday, November 6th will be issued a $0.27 dividend. The ex-dividend date is Friday, November 6th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.3%. Sirius XM’s payout ratio is 44.26%.

Analyst Upgrades and Downgrades

A number of research firms have commented on SIRI. Rosenblatt Securities set a $47.00 target price on shares of Sirius XM and gave the stock a “buy” rating in a research note on Friday, October 30th. TD Cowen lowered shares of Sirius XM to a “hold” rating in a research report on Wednesday, September 2nd. Bank of America reissued an “underperform” rating on shares of Sirius XM in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft raised shares of Sirius XM from a “hold” rating to a “buy” rating and increased their price objective for the stock from $31.00 to $45.00 in a research note on Wednesday, September 2nd. Finally, BNP Paribas Exane downgraded shares of Sirius XM to a “neutral” rating in a research report on Wednesday, September 2nd. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $32.92.

Sirius XM Company Profile

Sirius XM Holdings Inc provides audio entertainment through its SiriusXM and Pandora services. SiriusXM offers music, talk, news, sports, and other programming through satellite radio and streaming, including access through its mobile app and in-vehicle systems.

The company also operates Pandora, a streaming music and podcast service that offers both ad-supported and subscription listening. Its business includes advertising and connected-vehicle services, alongside subscriptions and audio programming.

SiriusXM serves listeners in the United States and Canada.