Cerity Partners LLC Buys 20,273 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Cerity Partners LLC lifted its position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 86.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,731 shares of the company's stock after buying an additional 20,273 shares during the quarter. Cerity Partners LLC's holdings in Sirius XM were worth $1,000,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SIRI. Norges Bank purchased a new stake in Sirius XM in the fourth quarter worth about $28,269,000. Check Capital Management Inc. CA raised its stake in Sirius XM by 597.7% during 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. Capital Management Corp VA bought a new stake in Sirius XM in the fourth quarter worth $11,339,000. Seizert Capital Partners LLC grew its stake in shares of Sirius XM by 16.3% in the fourth quarter. Seizert Capital Partners LLC now owns 2,269,616 shares of the company's stock worth $51,747,000 after acquiring an additional 317,289 shares during the last quarter. Finally, Helix Partners Management LP bought a new position in shares of Sirius XM during the fourth quarter valued at $6,301,000. 10.69% of the stock is currently owned by institutional investors.

Sirius XM Stock Performance

SIRI traded up $0.74 during trading on Wednesday, hitting $21.06. The company's stock had a trading volume of 2,358,174 shares, compared to its average volume of 4,965,385. The business's 50 day simple moving average is $22.73 and its 200-day simple moving average is $24.06. The firm has a market cap of $7.13 billion, a PE ratio of -3.29, a P/E/G ratio of 0.79 and a beta of 0.98. Sirius XM Holdings Inc. has a one year low of $18.69 and a one year high of $41.60. 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 released its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share 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, sell-side analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date of this dividend is Friday, May 9th. Sirius XM's dividend payout ratio (DPR) is -16.85%.

Wall Street Analyst Weigh In

Several brokerages recently commented on SIRI. Rosenblatt Securities cut their price objective 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. Seaport Res Ptn upgraded shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Barrington Research set a $28.00 price objective on shares of Sirius XM in a report on Friday, January 31st. Guggenheim cut their target price 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. Finally, Morgan Stanley decreased their price target on Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a research note on Thursday, January 23rd. Six analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $26.81.

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.