Redpoint Investment Management Pty Ltd buys 26,484 shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

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Redpoint Investment Management Pty Ltd increased its stake in shares of Sirius XM Holdings Inc. (NASDAQ: SIRI – Get Rating) by 92.8% during the first quarter, according to the company in its latest Form 13F filing with the Securities & Exchange Commission. The company held 55,020 shares of the company after purchasing an additional 26,484 shares during the period. Redpoint Investment Management Pty Ltd’s holdings in Sirius XM were worth $364,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently changed their stake in SIRI. Key Financial Inc increased its position in Sirius XM by 103.0% in the fourth quarter. Key Financial Inc now owns 3,941 shares of the company worth $25,000 after acquiring an additional 2,000 shares during the period. Covestor Ltd bought a new position in Sirius XM in the fourth quarter worth approximately $26,000. Lindbrook Capital LLC increased its position in Sirius XM by 59.3% in the fourth quarter. Lindbrook Capital LLC now owns 5,375 shares of the company worth $34,000 after acquiring an additional 2,000 shares during the period. Ellevest Inc. increased its position in Sirius XM by 173.2% in the fourth quarter. Ellevest Inc. now owns 5,869 shares of the company worth $37,000 after acquiring 3,721 additional shares during the period. Finally, Monetary Management Group Inc. increased its position in Sirius XM by 295.0% in the fourth quarter. Monetary Management Group Inc. now owns 7,900 shares of the company worth $50,000 after acquiring an additional 5,900 shares during the period. Institutional investors hold 11.79% of the company’s shares.

SIRI has been the subject of several recent research reports. Morgan Stanley downgraded Sirius XM shares from an “equal weight” rating to an “underweight” rating and set a price target of $7.00 for the stock. in a research report on Monday, April 18. StockNews.com downgraded Sirius XM shares from a “buy” rating to a “hold” rating in a Monday, May 2 research report. Finally, Rosenblatt Securities began covering Sirius XM shares in a research note on Tuesday, April 19. They issued a “buy” rating and a price target of $8.00 for the company. Three analysts gave the stock a sell rating, two gave the company a hold rating and five gave the company a buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $7.29.

SIRI opened at $6.19 on Friday. The stock has a market capitalization of $24.36 billion, a price/earnings ratio of 18.21, a PEG ratio of 1.97 and a beta of 0.95. The company has a fifty-day moving average of $6.14 and a 200-day moving average of $6.27. Sirius XM Holdings Inc. has a fifty-two week low of $5.69 and a fifty-two week high of $6.88.

Sirius XM (NASDAQ:SIRI – Get Rating) last released its results on Thursday, April 28. The company reported earnings per share of $0.08 for the quarter, matching the consensus estimate of $0.08. The company posted revenue of $2.19 billion in the quarter, versus $2.15 billion expected by analysts. Sirius XM had a net margin of 15.90% and a negative return on equity of 49.74%. Sirius XM’s quarterly revenue increased 6.2% year over year. During the same period last year, the company posted earnings per share of $0.07. On average, analysts expect Sirius XM Holdings Inc. to post 0.32 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 25. Investors of record on Friday, May 6 received a dividend of $0.022 per share. The ex-dividend date was Thursday, May 5. This represents an annualized dividend of $0.09 and a yield of 1.42%. Sirius XM’s payout ratio is 26.47%.

SiriusXM Company Profile (Get a rating)

Sirius XM Holdings Inc provides satellite radio services for a subscription fee in the United States. It broadcasts music, sports, entertainment, comedy, talk, news, traffic and weather channels, including various musical genres, such as rock, pop and hip-hop, country , dance, jazz, Latin and classical; live play-by-play sports from various leagues and colleges; various chat and entertainment channels for a wide range of audiences; national, international and financial news; and limited edition chains.

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Institutional ownership by quarter for Sirius XM (NASDAQ:SIRI)



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