Gamco Investors INC. ET AL Has $5.27 Million Stock Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Gamco Investors INC. ET AL boosted its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 17.3% in the first quarter, Holdings Channel.com reports. The fund owned 1,357,876 shares of the company’s stock after buying an additional 200,000 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Sirius XM were worth $5,269,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. First PREMIER Bank bought a new position in shares of Sirius XM during the first quarter worth $31,000. First United Bank & Trust bought a new position in shares of Sirius XM during the fourth quarter worth $37,000. TFO Wealth Partners LLC boosted its position in shares of Sirius XM by 140,560.0% during the fourth quarter. TFO Wealth Partners LLC now owns 7,033 shares of the company’s stock worth $38,000 after purchasing an additional 7,028 shares in the last quarter. Graypoint LLC bought a new position in shares of Sirius XM during the first quarter worth $39,000. Finally, Satovsky Asset Management LLC bought a new position in shares of Sirius XM during the first quarter worth $40,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Insider Transactions at Sirius XM

In other news, Director Kristina Salen sold 12,518 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $2.60, for a total transaction of $32,546.80. Following the completion of the transaction, the director now directly owns 169,309 shares in the company, valued at approximately $440,203.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Seaport Res Ptn raised shares of Sirius XM from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th. Pivotal Research raised shares of Sirius XM from a “hold” rating to a “buy” rating and reduced their price target for the stock from $5.05 to $4.90 in a research report on Wednesday, April 24th. The Goldman Sachs Group raised shares of Sirius XM from a “sell” rating to a “neutral” rating and reduced their price target for the stock from $3.50 to $3.25 in a research report on Wednesday, May 1st. Citigroup cut shares of Sirius XM from a “neutral” rating to a “sell” rating and set a $2.80 price objective on the stock. in a research report on Thursday. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $4.75 price objective on shares of Sirius XM in a research report on Monday, July 15th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $4.07.

Sirius XM Price Performance

NASDAQ:SIRI traded down $0.20 on Friday, hitting $3.72. 30,704,702 shares of the company’s stock were exchanged, compared to its average volume of 48,485,832. The firm has a 50-day moving average price of $3.06 and a 200-day moving average price of $3.75. Sirius XM Holdings Inc. has a 52 week low of $2.45 and a 52 week high of $5.78. The company has a market cap of $14.31 billion, a P/E ratio of 11.27, a price-to-earnings-growth ratio of 1.22 and a beta of 1.08.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the business posted $0.06 EPS. The company’s quarterly revenue was up .8% on a year-over-year basis. On average, research analysts expect that Sirius XM Holdings Inc. will post 0.31 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Friday, August 9th will be paid a dividend of $0.0266 per share. The ex-dividend date is Friday, August 9th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 2.86%. 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.