Edgestream Partners L.P. Makes New $1.73 Million Investment in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Edgestream Partners L.P. bought a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 75,655 shares of the company's stock, valued at approximately $1,725,000.

Other institutional investors also recently modified their holdings of the company. Sessa Capital IM L.P. purchased a new stake in shares of Sirius XM during the 3rd quarter valued at $77,983,000. Thompson Siegel & Walmsley LLC purchased a new stake in Sirius XM during the third quarter worth about $67,598,000. Seizert Capital Partners LLC bought a new stake in Sirius XM in the third quarter worth about $46,173,000. Check Capital Management Inc. CA boosted its stake in Sirius XM by 597.7% in the fourth quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company's stock valued at $26,123,000 after acquiring an additional 981,517 shares during the last quarter. Finally, Whitebox Advisors LLC boosted its stake in Sirius XM by 310.5% in the third quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company's stock valued at $27,829,000 after acquiring an additional 890,048 shares during the last quarter. 10.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on SIRI shares. Seaport Res Ptn downgraded Sirius XM from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. StockNews.com initiated coverage on Sirius XM in a research note on Wednesday, November 13th. They issued a "sell" rating on the stock. Wells Fargo & Company cut their target price on shares of Sirius XM from $22.00 to $16.00 and set an "underweight" rating for the company in a research report on Thursday, December 19th. Rosenblatt Securities lowered their price target on shares of Sirius XM from $29.00 to $24.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Finally, Morgan Stanley cut their price objective on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a report on Thursday, January 23rd. 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, the stock currently has a consensus rating of "Hold" and a consensus target price of $26.81.

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Sirius XM Price Performance

Shares of SIRI stock traded down $0.19 during trading hours on Wednesday, hitting $22.51. 2,157,256 shares of the company's stock were exchanged, compared to its average volume of 5,509,052. 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 Holdings Inc. has a 12-month low of $20.47 and a 12-month high of $41.90. The business's 50 day simple moving average is $23.67 and its 200-day simple moving average is $25.17. The company has a market capitalization of $7.62 billion, a PE ratio of -3.51, a PEG ratio of 0.79 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date was Friday, February 7th. Sirius XM's payout ratio is presently -16.85%.

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.