Empowered Funds LLC Purchases Shares of 146,162 Sirius XM Holdings Inc. (NASDAQ:SIRI)

Empowered Funds LLC purchased a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 146,162 shares of the company's stock, valued at approximately $3,332,000.

Other large investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its position in Sirius XM by 21.2% during the fourth quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company's stock valued at $5,340,000 after buying an additional 41,000 shares during the period. Franklin Resources Inc. raised its position in Sirius XM by 209.1% during the third quarter. Franklin Resources Inc. now owns 87,201 shares of the company's stock valued at $2,062,000 after buying an additional 58,993 shares during the period. Ninety One UK Ltd acquired a new position in Sirius XM during the fourth quarter valued at $4,038,000. Miracle Mile Advisors LLC acquired a new position in Sirius XM during the fourth quarter valued at $268,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in Sirius XM by 383,152.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 137,971 shares of the company's stock valued at $3,146,000 after buying an additional 137,935 shares during the period. 10.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on SIRI. Bank of America reissued an "underperform" rating and set a $23.00 price target on shares of Sirius XM in a research report on Thursday, October 24th. Barrington Research restated an "outperform" rating and issued a $30.00 target price on shares of Sirius XM in a research note on Thursday, January 30th. Seaport Res Ptn downgraded Sirius XM from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. boosted their target price on Sirius XM from $20.00 to $21.00 and gave the company an "underweight" rating in a research note on Thursday, November 7th. Finally, Rosenblatt Securities lowered their target price 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. Six analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $26.96.

Sirius XM Stock Up 2.5 %

Shares of SIRI traded up $0.67 during trading hours on Friday, hitting $27.11. 5,025,744 shares of the company were exchanged, compared to its average volume of 5,783,422. The firm's 50 day moving average is $23.33 and its 200-day moving average is $25.99. Sirius XM Holdings Inc. has a 52 week low of $20.47 and a 52 week high of $49.40. The company has a market cap of $9.18 billion, a PE ratio of -4.23, a PEG ratio of 0.82 and a beta of 1.06. 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 (NASDAQ:SIRI - Get Free Report) last announced 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%. On average, equities research analysts forecast that Sirius XM Holdings Inc. will post 3.17 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, February 7th. This represents a $1.08 annualized dividend and a yield of 3.98%. Sirius XM's payout ratio is -16.85%.

Sirius XM 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.