EntryPoint Capital LLC bought a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 14,643 shares of the company's stock, valued at approximately $334,000.
A number of other hedge funds have also added to or reduced their stakes in SIRI. Xponance Inc. grew its position in shares of Sirius XM by 4.5% during the 4th quarter. Xponance Inc. now owns 12,341 shares of the company's stock worth $281,000 after buying an additional 527 shares during the period. PNC Financial Services Group Inc. boosted its stake in Sirius XM by 4.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 14,856 shares of the company's stock worth $339,000 after acquiring an additional 630 shares in the last quarter. Wealthspire Advisors LLC grew its holdings in Sirius XM by 4.3% in the fourth quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company's stock worth $358,000 after purchasing an additional 643 shares during the period. Proficio Capital Partners LLC increased its stake in Sirius XM by 5.9% in the fourth quarter. Proficio Capital Partners LLC now owns 14,258 shares of the company's stock valued at $325,000 after purchasing an additional 791 shares in the last quarter. Finally, Mill Creek Capital Advisors LLC raised its holdings in shares of Sirius XM by 5.8% during the fourth quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company's stock valued at $348,000 after purchasing an additional 837 shares during the period. 10.69% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several analysts have recently commented on SIRI shares. Morgan Stanley reduced their target price 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. Guggenheim cut their price target on Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Wells Fargo & Company decreased their price objective on Sirius XM from $22.00 to $16.00 and set an "underweight" rating for the company in a report on Thursday, December 19th. Seaport Res Ptn cut Sirius XM from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Finally, Rosenblatt Securities decreased their price target on shares of Sirius XM from $29.00 to $24.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $26.81.
Get Our Latest Analysis on SIRI
Sirius XM Stock Down 0.9 %
Shares of SIRI traded down $0.20 during trading hours on Monday, reaching $22.55. 4,640,371 shares of the stock traded hands, compared to its average volume of 4,742,480. Sirius XM Holdings Inc. has a 52 week low of $20.47 and a 52 week high of $41.60. The company has a market cap of $7.64 billion, a price-to-earnings ratio of -3.52, a PEG ratio of 0.79 and a beta of 1.06. The stock has a fifty day simple moving average of $23.98 and a 200 day simple moving average of $24.50. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93.
Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping the consensus estimate 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%. On average, equities analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.
Sirius XM Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a $0.27 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.08 annualized dividend and a yield of 4.79%. Sirius XM's dividend payout ratio is currently -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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