SSgA Funds Management, Inc. recently announced the acquisition of new stake in Sirius XM Holdings Inc (NASDAQ:SIRI). The institutional investor has increased its shareholding in the Communication Services company by 0.16% to 28.81 million shares with purchase of 46812.0 shares. This fresh investment now brings its stake to 0.75% valued currently at $157.59 million. In addition, AQR Capital Management LLC raised its holdings by 12.13 million to 14.64 million shares. And Citigroup Global Markets, Inc. has lifted its position by 1,870.97% or 12.78 million shares – to 13.47 million shares.
Currently, there are 3.89B common shares owned by the public and among those 621.49M shares have been available to trade.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Insiders at the company have transacted a total of 95 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 79 of these insider trades were purchases, accounting for 3,066,802 shares. Insider sales of the common stock occurred on 16 occasions, with total insider shares sold totaling 747,863 shares.
The top 3 mutual fund holders in Sirius XM Holdings Inc are Invesco QQQ Trust, Vanguard Total Stock Market ETF, and Vanguard Mid Cap Index Fund. Invesco QQQ Trust owns 70.76 million shares of the company’s stock, all valued at over $387.04 million. The company sold -0.18 million shares recently to bring their total holdings to about 1.84% of the shares outstanding. Vanguard Total Stock Market ETF sold -0.19 million shares to see its total holdings shrink to 18.29 million shares valued at over $100.06 million and representing 0.48% of the shares outstanding. Vanguard Mid Cap Index Fund sold -0.17 million shares to bring its total holdings to over 10.44 million shares at a value of $57.09 million. Vanguard Mid Cap Index Fund now owns shares totaling to 0.27% of the shares outstanding.
However, the script later moved the day high at 5.42, down -0.56%. The company’s stock has a 5-day price change of -1.48% and 22.48% over the past three months. SIRI shares are trading -2.38% year to date (YTD), with the 12-month market performance down to -9.64% lower. It has a 12-month low price of $3.32 and touched a high of $7.95 over the same period. SIRI has an average intraday trading volume of 12.86 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.98%, 3.25%, and 18.50% respectively.
Institutional ownership of Sirius XM Holdings Inc (NASDAQ: SIRI) shares accounts for 10.80% of the company’s 3.89B shares outstanding. Mutual fund holders own 6.85%, while other institutional holders and individual stakeholders account for 83.98% and 4.03% respectively.
It has a market capitalization of $20.50B and a beta (3y monthly) value of 1.09. The stock’s trailing 12-month PE ratio is 16.38, while the earnings-per-share (ttm) stands at $0.33. The company has a PEG of 2.44 and a Quick Ratio of 0.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.17% over the week and 3.02% over the month.
Analysts forecast that Sirius XM Holdings Inc (SIRI) will achieve an EPS of $0.08 for the current quarter, $0.07 for the next quarter and $0.31 for 2024. The lowest estimate earnings-per-share for the quarter is $0.07 while analysts give the company a high EPS estimate of $0.08. Comparatively, EPS for the current quarter was $0.09 a year ago. Earnings per share for the fiscal year are expected to decrease by -0.54%, and 0.20% over the next financial year. EPS should shrink at an annualized rate of 6.71% over the next five years, compared to 16.85% over the past 5-year period.
Looking at the support for the SIRI, a number of firms have released research notes about the stock. Wells Fargo stated their Underweight rating for the stock in a research note on January 23, 2024, with the firm’s price target at $5-$4.50.
