Aire Advisors LLC lifted its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 150.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,398 shares of the company's stock after acquiring an additional 45,316 shares during the quarter. Aire Advisors LLC's holdings in Sirius XM were worth $1,719,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Union Bancaire Privee UBP SA purchased a new stake in Sirius XM during the fourth quarter worth $26,000. First Command Advisory Services Inc. acquired a new position in shares of Sirius XM during the 4th quarter worth $30,000. Geneos Wealth Management Inc. boosted its position in shares of Sirius XM by 574.9% in the 4th 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 in the last quarter. Gables Capital Management Inc. acquired a new stake in Sirius XM in the 4th quarter valued at about $43,000. Finally, Avior Wealth Management LLC increased its holdings in Sirius XM by 670.4% during the 4th quarter. Avior Wealth Management LLC now owns 2,080 shares of the company's stock valued at $47,000 after acquiring an additional 1,810 shares in the last quarter. Institutional investors and hedge funds own 10.69% of the company's stock.
Sirius XM Trading Down 4.5 %
Sirius XM stock traded down $1.07 during trading on Friday, reaching $22.75. The company had a trading volume of 5,750,242 shares, compared to its average volume of 4,742,875. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of -3.55, a PEG ratio of 0.79 and a beta of 1.06. Sirius XM Holdings Inc. has a 12-month low of $20.47 and a 12-month high of $41.60. The stock's 50 day moving average price is $23.98 and its two-hundred day moving average price is $24.55.
Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings data 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%. As a group, equities analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.
Sirius XM Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.75%. Sirius XM's dividend payout ratio (DPR) is -16.85%.
Analyst Ratings Changes
SIRI has been the topic of several recent research reports. Morgan Stanley reduced their price target on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a report on Thursday, January 23rd. Guggenheim lowered their target price on Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Seaport Res Ptn cut Sirius XM from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Wells Fargo & Company decreased 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. Finally, Barrington Research set a $28.00 price objective on Sirius XM in a research report on Friday, January 31st. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $26.81.
View Our Latest Stock Report on Sirius XM
Sirius XM 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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