Fox Run Management L.L.C. bought a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 39,302 shares of the company's stock, valued at approximately $896,000.
A number of other large investors also recently modified their holdings of the company. Xponance Inc. raised its holdings in Sirius XM by 4.5% during the fourth quarter. Xponance Inc. now owns 12,341 shares of the company's stock valued at $281,000 after acquiring an additional 527 shares during the period. PNC Financial Services Group Inc. grew its position in shares of 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 purchasing an additional 630 shares in the last quarter. Wealthspire Advisors LLC raised its stake in Sirius XM by 4.3% during the 4th quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company's stock valued at $358,000 after purchasing an additional 643 shares during the period. Proficio Capital Partners LLC raised its stake in Sirius XM by 5.9% during the 4th 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 during the period. Finally, Mill Creek Capital Advisors LLC lifted its holdings in Sirius XM by 5.8% in the 4th quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company's stock worth $348,000 after purchasing an additional 837 shares in the last quarter. Hedge funds and other institutional investors own 10.69% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on SIRI shares. Seaport Res Ptn cut shares of Sirius XM from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Guggenheim cut their target price on shares of Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Wells Fargo & Company decreased their price target on shares of Sirius XM from $22.00 to $16.00 and set an "underweight" rating on the stock in a research note on Thursday, December 19th. Barrington Research set a $28.00 price objective on Sirius XM in a research report on Friday, January 31st. Finally, Morgan Stanley reduced their target price on Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a report on Thursday, January 23rd. Six investment 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, the company currently has an average rating of "Hold" and an average price target of $26.81.
Read Our Latest Report on SIRI
Sirius XM Price Performance
Shares of SIRI stock traded down $0.13 on Thursday, reaching $23.82. 3,634,039 shares of the company were exchanged, compared to its average volume of 4,636,453. 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 Holdings Inc. has a 1 year low of $20.47 and a 1 year high of $41.60. The company has a market cap of $8.07 billion, a price-to-earnings ratio of -3.72, a P/E/G ratio of 0.79 and a beta of 1.06. The business has a 50-day moving average price of $23.93 and a 200 day moving average price of $24.60.
Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (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%. Equities research analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal 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 issued a $0.27 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a yield of 4.53%. Sirius XM's payout ratio is -16.85%.
Sirius XM Profile
(
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.
Read More
Before you consider Sirius XM, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sirius XM wasn't on the list.
While Sirius XM currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
