APG Asset Management N.V. acquired a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 123,300 shares of the company's stock, valued at approximately $2,715,000.
A number of other hedge funds have also recently made changes to their positions in SIRI. State of Alaska Department of Revenue increased its position in shares of Sirius XM by 21.2% in the 4th quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company's stock valued at $5,340,000 after purchasing an additional 41,000 shares during the last quarter. Check Capital Management Inc. CA increased its holdings 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 buying an additional 981,517 shares during the last quarter. Legato Capital Management LLC lifted its holdings in Sirius XM by 21.9% during the 4th quarter. Legato Capital Management LLC now owns 85,500 shares of the company's stock worth $1,949,000 after buying an additional 15,342 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Sirius XM by 209.1% during the 3rd quarter. Franklin Resources Inc. now owns 87,201 shares of the company's stock worth $2,062,000 after acquiring an additional 58,993 shares in the last quarter. Finally, MBA Advisors LLC purchased a new position in shares of Sirius XM in the 4th quarter valued at about $228,000. Hedge funds and other institutional investors own 10.69% of the company's stock.
Sirius XM Price Performance
Sirius XM stock traded down $0.30 during midday trading on Tuesday, reaching $20.42. The company's stock had a trading volume of 2,843,789 shares, compared to its average volume of 4,938,875. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. Sirius XM Holdings Inc. has a fifty-two week low of $18.69 and a fifty-two week high of $41.60. The firm has a market capitalization of $6.92 billion, a PE ratio of -3.19, a P/E/G ratio of 0.79 and a beta of 0.98. The stock's 50 day simple moving average is $23.40 and its 200 day simple moving average is $24.19.
Sirius XM (NASDAQ:SIRI - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping 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, equities research analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.
Sirius XM Dividend Announcement
The company also recently disclosed 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 of this dividend was Friday, February 7th. This represents a $1.08 annualized dividend and a yield of 5.29%. Sirius XM's dividend payout ratio is presently -16.85%.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on SIRI. Wells Fargo & Company cut their price objective on shares of Sirius XM from $22.00 to $16.00 and set an "underweight" rating on the stock in a report on Thursday, December 19th. Barrington Research set a $28.00 target price on Sirius XM in a report on Friday, January 31st. Rosenblatt Securities cut their price target on Sirius XM from $29.00 to $24.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Morgan Stanley cut their target price 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. Finally, Seaport Res Ptn raised shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Six investment analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $26.81.
View Our Latest Research Report on Sirius XM
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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