Congress Wealth Management LLC DE Purchases Shares of 56,756 Sirius XM Holdings Inc. (NASDAQ:SIRI)

Congress Wealth Management LLC DE bought a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 56,756 shares of the company's stock, valued at approximately $1,294,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SIRI. Union Bancaire Privee UBP SA purchased a new stake in shares of Sirius XM during the 4th quarter valued at $26,000. First Command Advisory Services Inc. purchased a new stake in Sirius XM during the fourth quarter worth about $30,000. Geneos Wealth Management Inc. raised its position in Sirius XM by 574.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock worth $31,000 after acquiring an additional 1,144 shares during the period. Gables Capital Management Inc. purchased a new position in Sirius XM in the fourth quarter valued at about $43,000. Finally, Avior Wealth Management LLC boosted its stake in Sirius XM by 670.4% in the fourth 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 during the last quarter. Hedge funds and other institutional investors own 10.69% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Morgan Stanley lowered 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. Wells Fargo & Company dropped their price target on Sirius XM from $22.00 to $16.00 and set an "underweight" rating on the stock in a research report on Thursday, December 19th. Rosenblatt Securities lowered their price objective on Sirius XM from $29.00 to $24.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Barrington Research set a $28.00 target price on shares of Sirius XM in a research report on Friday, January 31st. Finally, Seaport Res Ptn downgraded shares of Sirius XM from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $26.81.

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Sirius XM Price Performance

NASDAQ:SIRI traded down $0.59 during trading hours on Tuesday, hitting $21.96. The stock had a trading volume of 4,316,123 shares, compared to its average volume of 4,754,400. The company has a 50 day simple moving average of $23.98 and a two-hundred day simple moving average of $24.48. The firm has a market capitalization of $7.44 billion, a price-to-earnings ratio of -3.43, a P/E/G ratio of 0.79 and a beta of 1.06. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. Sirius XM Holdings Inc. has a one year low of $20.47 and a one year high of $41.60.

Sirius XM (NASDAQ:SIRI - Get Free Report) last posted 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 positive return on equity of 13.44% and a negative net margin of 24.03%. Research analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM's dividend payout ratio is currently -16.85%.

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.