Ninety One UK Ltd bought a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 177,111 shares of the company's stock, valued at approximately $4,038,000. Ninety One UK Ltd owned approximately 0.05% of Sirius XM at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sessa Capital IM L.P. purchased a new stake in Sirius XM during the 3rd quarter valued at approximately $77,983,000. Thompson Siegel & Walmsley LLC purchased a new position in Sirius XM during the third quarter valued at $67,598,000. Seizert Capital Partners LLC bought a new stake in Sirius XM in the 3rd quarter valued at $46,173,000. Wittenberg Investment Management Inc. lifted its stake in Sirius XM by 161.1% in the 3rd quarter. Wittenberg Investment Management Inc. now owns 1,268,483 shares of the company's stock worth $30,000,000 after purchasing an additional 782,678 shares in the last quarter. Finally, Whitebox Advisors LLC lifted its stake in Sirius XM by 310.5% in the 3rd quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company's stock worth $27,829,000 after purchasing an additional 890,048 shares in the last quarter. Institutional investors own 10.69% of the company's stock.
Sirius XM Trading Down 1.8 %
NASDAQ SIRI traded down $0.47 during trading on Friday, hitting $25.44. The stock had a trading volume of 5,648,684 shares, compared to its average volume of 5,783,422. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of -3.97, a P/E/G ratio of 0.82 and a beta of 1.06. The stock has a 50 day simple moving average of $23.47 and a 200 day simple moving average of $26.38. Sirius XM Holdings Inc. has a one year low of $20.47 and a one year high of $50.90. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42.
Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.20. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. Sell-side analysts predict that Sirius XM Holdings Inc. will post 3.17 earnings per share for the current year.
Sirius XM Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Friday, February 7th. Sirius XM's dividend payout ratio (DPR) is presently -16.85%.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on SIRI shares. Rosenblatt Securities reduced their target price on Sirius XM from $29.00 to $24.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Wells Fargo & Company reduced their price objective on Sirius XM from $22.00 to $16.00 and set an "underweight" rating on the stock in a research note on Thursday, December 19th. StockNews.com assumed coverage on Sirius XM in a research report on Wednesday, November 13th. They set a "sell" rating for the company. Barrington Research restated an "outperform" rating and issued a $30.00 price target on shares of Sirius XM in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group lowered their price objective on shares of Sirius XM from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Monday, November 4th. Six analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $26.96.
Read Our Latest Stock Report on Sirius XM
Sirius XM Company Profile
(
Free Report)
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.
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