AXQ Capital LP acquired a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,264 shares of the company's stock, valued at approximately $280,000.
Other institutional investors have also recently made changes to their positions in the company. Check Capital Management Inc. CA increased its stake in Sirius XM by 597.7% during the 4th quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company's stock valued at $26,123,000 after purchasing an additional 981,517 shares in the last quarter. Whitebox Advisors LLC increased its position in shares of Sirius XM by 310.5% during the third quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company's stock worth $27,829,000 after acquiring an additional 890,048 shares in the last quarter. Wittenberg Investment Management Inc. raised its holdings in shares of Sirius XM by 161.1% in the 3rd quarter. Wittenberg Investment Management Inc. now owns 1,268,483 shares of the company's stock worth $30,000,000 after acquiring an additional 782,678 shares during the last quarter. Capital Management Corp VA bought a new position in Sirius XM in the 4th quarter valued at about $11,339,000. Finally, Swiss National Bank bought a new position in Sirius XM in the 3rd quarter valued at about $10,219,000. Institutional investors and hedge funds own 10.69% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. Morgan Stanley dropped their target price on Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a report on Thursday, January 23rd. Guggenheim dropped their price objective on Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Wells Fargo & Company reduced 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 note on Thursday, December 19th. Barrington Research set a $28.00 target price on shares of Sirius XM in a report on Friday, January 31st. Finally, Rosenblatt Securities dropped 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. 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $26.81.
View Our Latest Stock Analysis on SIRI
Sirius XM Stock Performance
Shares of NASDAQ:SIRI traded down $0.13 during mid-day trading on Thursday, reaching $23.82. The company had a trading volume of 3,634,039 shares, compared to its average volume of 4,624,637. Sirius XM Holdings Inc. has a one year low of $20.47 and a one year 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. The company's 50-day moving average price is $23.93 and its 200-day moving average price is $24.60. The firm has a market cap of $8.07 billion, a price-to-earnings ratio of -3.72, a PEG ratio of 0.79 and a beta of 1.06.
Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its 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 positive return on equity of 13.44% and a negative net margin of 24.03%. As a group, equities research 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. Shareholders of record on Friday, February 7th were given a dividend of $0.27 per share. The ex-dividend date was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a yield of 4.53%. Sirius XM's dividend payout ratio is presently -16.85%.
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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