First PREMIER Bank Takes Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

First PREMIER Bank acquired a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,000 shares of the company’s stock, valued at approximately $31,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SIRI. GM Advisory Group LLC raised its stake in shares of Sirius XM by 10.0% in the fourth quarter. GM Advisory Group LLC now owns 22,003 shares of the company’s stock worth $120,000 after purchasing an additional 2,000 shares during the last quarter. Lindbrook Capital LLC raised its position in Sirius XM by 20.5% in the 4th quarter. Lindbrook Capital LLC now owns 12,559 shares of the company’s stock worth $69,000 after buying an additional 2,139 shares during the last quarter. D.A. Davidson & CO. lifted its stake in Sirius XM by 14.8% during the 4th quarter. D.A. Davidson & CO. now owns 16,949 shares of the company’s stock valued at $93,000 after acquiring an additional 2,183 shares during the period. Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Sirius XM by 0.6% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 388,200 shares of the company’s stock valued at $2,123,000 after acquiring an additional 2,300 shares during the last quarter. Finally, Gitterman Wealth Management LLC grew its stake in shares of Sirius XM by 7.2% in the fourth quarter. Gitterman Wealth Management LLC now owns 38,410 shares of the company’s stock worth $210,000 after acquiring an additional 2,566 shares during the period. 10.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SIRI has been the topic of several research reports. The Goldman Sachs Group upgraded shares of Sirius XM from a “sell” rating to a “neutral” rating and dropped their target price for the stock from $3.50 to $3.25 in a report on Wednesday, May 1st. Wells Fargo & Company cut their price objective on Sirius XM from $3.00 to $2.50 and set an “underweight” rating for the company in a report on Wednesday, May 1st. StockNews.com began coverage on Sirius XM in a report on Monday. They issued a “hold” rating on the stock. Rosenblatt Securities cut their price target on Sirius XM from $4.50 to $3.40 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Finally, Pivotal Research upgraded shares of Sirius XM from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $5.05 to $4.90 in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Sirius XM currently has a consensus rating of “Hold” and an average price target of $4.21.

Insider Activity at Sirius XM

In other Sirius XM news, Director Kristina Salen sold 12,518 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $2.62, for a total value of $32,797.16. Following the sale, the director now owns 181,827 shares in the company, valued at approximately $476,386.74. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.79% of the stock is currently owned by corporate insiders.

Sirius XM Stock Performance

Shares of Sirius XM stock opened at $2.69 on Tuesday. The company has a fifty day moving average of $2.89 and a 200 day moving average of $4.07. The company has a market capitalization of $10.35 billion, a P/E ratio of 8.15, a P/E/G ratio of 0.95 and a beta of 1.08. Sirius XM Holdings Inc. has a fifty-two week low of $2.45 and a fifty-two week high of $7.95.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Tuesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. Sirius XM had a negative return on equity of 47.17% and a net margin of 14.38%. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter last year, the business posted $0.06 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. Analysts forecast that Sirius XM Holdings Inc. will post 0.31 EPS for the current year.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Friday, May 10th were given a dividend of $0.0266 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 3.96%. Sirius XM’s dividend payout ratio is 33.33%.

Sirius XM Company 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.