Connor Clark & Lunn Investment Management Ltd. purchased a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 176,848 shares of the company's stock, valued at approximately $4,032,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.05% of Sirius XM at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Union Bancaire Privee UBP SA purchased a new stake in Sirius XM in the fourth quarter valued at approximately $26,000. First Command Advisory Services Inc. purchased a new stake in Sirius XM during the fourth quarter worth approximately $30,000. Geneos Wealth Management Inc. boosted its position in Sirius XM by 574.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock worth $31,000 after purchasing an additional 1,144 shares during the period. Gables Capital Management Inc. acquired a new stake in shares of Sirius XM in the fourth quarter valued at about $43,000. Finally, Avior Wealth Management LLC raised its holdings in shares of Sirius XM by 670.4% during the 4th quarter. Avior Wealth Management LLC now owns 2,080 shares of the company's stock valued at $47,000 after buying an additional 1,810 shares during the period. Hedge funds and other institutional investors own 10.69% of the company's stock.
Sirius XM Stock Performance
Shares of NASDAQ SIRI traded down $0.04 during mid-day trading on Thursday, hitting $23.04. The company had a trading volume of 3,246,746 shares, compared to its average volume of 4,572,135. Sirius XM Holdings Inc. has a 12 month low of $20.47 and a 12 month high of $41.60. The stock has a market cap of $7.81 billion, a price-to-earnings ratio of -3.59, a PEG 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. The firm's 50 day simple moving average is $23.68 and its two-hundred day simple moving average is $24.82.
Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.
Sirius XM Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.69%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM's dividend payout ratio is currently -16.85%.
Analysts Set New Price Targets
A number of brokerages have commented on SIRI. Barrington Research set a $28.00 price objective on shares of Sirius XM in a report on Friday, January 31st. Guggenheim reduced their price target on Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Rosenblatt Securities dropped their price objective on Sirius XM from $29.00 to $24.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Seaport Res Ptn cut Sirius XM from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company dropped their price target 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. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $26.81.
Read Our Latest Report 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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