Aldebaran Capital LLC acquired a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 43,113 shares of the company's stock, valued at approximately $983,000. Sirius XM comprises about 0.9% of Aldebaran Capital LLC's portfolio, making the stock its 23rd biggest holding.
A number of other institutional investors have also recently bought and sold shares of SIRI. Helix Partners Management LP bought a new stake in shares of Sirius XM during the fourth quarter worth $6,301,000. Weitz Investment Management Inc. lifted its stake in Sirius XM by 16.1% in the 4th quarter. Weitz Investment Management Inc. now owns 1,465,500 shares of the company's stock valued at $33,413,000 after acquiring an additional 203,501 shares in the last quarter. Headlands Technologies LLC boosted its position in Sirius XM by 8.8% during the 4th quarter. Headlands Technologies LLC now owns 22,690 shares of the company's stock worth $517,000 after acquiring an additional 1,826 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Sirius XM by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 3,914,785 shares of the company's stock worth $89,284,000 after acquiring an additional 154,765 shares in the last quarter. Finally, Brandywine Global Investment Management LLC raised its holdings in shares of Sirius XM by 7.3% in the fourth quarter. Brandywine Global Investment Management LLC now owns 2,218,017 shares of the company's stock valued at $50,571,000 after purchasing an additional 150,744 shares during the last quarter. Institutional investors and hedge funds own 10.69% of the company's stock.
Sirius XM Stock Performance
Shares of NASDAQ SIRI traded up $0.49 during mid-day trading on Wednesday, reaching $19.83. 2,245,650 shares of the company were exchanged, compared to its average volume of 4,857,910. Sirius XM Holdings Inc. has a twelve month low of $18.69 and a twelve month high of $41.60. The stock has a market capitalization of $6.72 billion, a P/E ratio of -3.08, a P/E/G ratio of 0.79 and a beta of 0.98. The company's 50-day simple moving average is $23.78 and its 200-day simple moving average is $24.33. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93.
Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, beating the consensus estimate 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%. As a group, research analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.
Sirius XM Dividend Announcement
The company also recently announced 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 5.45%. The ex-dividend date was Friday, February 7th. Sirius XM's dividend payout ratio is currently -16.85%.
Analysts Set New Price Targets
A number of research analysts recently weighed in on SIRI shares. Rosenblatt Securities decreased their target price 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. Morgan Stanley lowered their target price on Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a research report on Thursday, January 23rd. Seaport Res Ptn downgraded Sirius XM from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Barrington Research set a $28.00 price objective on Sirius XM in a research note on Friday, January 31st. Finally, Guggenheim decreased their target price 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. Six research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $26.81.
Read Our Latest Stock Analysis on SIRI
About Sirius XM
(
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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