Edgestream Partners L.P. acquired a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 75,655 shares of the company's stock, valued at approximately $1,725,000.
Other large investors also recently bought and sold shares of the company. Union Bancaire Privee UBP SA acquired a new stake in shares of Sirius XM during the fourth quarter worth about $26,000. First Command Advisory Services Inc. acquired a new stake in shares of Sirius XM during the fourth quarter worth about $30,000. Geneos Wealth Management Inc. boosted its stake in shares of Sirius XM by 574.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock worth $31,000 after buying an additional 1,144 shares during the period. Avior Wealth Management LLC boosted its stake in shares of Sirius XM by 670.4% during the fourth quarter. Avior Wealth Management LLC now owns 2,080 shares of the company's stock worth $47,000 after buying an additional 1,810 shares during the period. Finally, Larson Financial Group LLC lifted its position in Sirius XM by 139.8% in the third quarter. Larson Financial Group LLC now owns 3,187 shares of the company's stock valued at $75,000 after purchasing an additional 1,858 shares during the period. Institutional investors and hedge funds own 10.69% of the company's stock.
Sirius XM Trading Up 3.8 %
Shares of SIRI traded up $0.84 during mid-day trading on Friday, reaching $22.67. The company had a trading volume of 3,973,265 shares, compared to its average volume of 5,519,007. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of -3.54, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The firm has a fifty day simple moving average of $23.66 and a 200-day simple moving average of $25.12. Sirius XM Holdings Inc. has a fifty-two week low of $20.47 and a fifty-two week high of $41.60. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93.
Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.20. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. On average, sell-side analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.
Sirius XM Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.76%. Sirius XM's payout ratio is -16.85%.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on SIRI. Rosenblatt Securities reduced their price objective on shares of Sirius XM from $29.00 to $24.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Barrington Research set a $28.00 price objective on shares of Sirius XM in a research report on Friday, January 31st. Seaport Res Ptn cut shares of Sirius XM from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Guggenheim dropped their price objective on shares of Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company dropped their price objective on shares of Sirius XM from $22.00 to $16.00 and set an "underweight" rating for the company in a research note on Thursday, December 19th. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Sirius XM has a consensus rating of "Hold" and an average target price of $26.81.
Check Out Our Latest Stock Analysis on SIRI
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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