Geode Capital Management LLC Acquires 154,765 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Geode Capital Management LLC grew its position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 4.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,914,785 shares of the company's stock after buying an additional 154,765 shares during the quarter. Geode Capital Management LLC owned 1.16% of Sirius XM worth $89,284,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. FMR LLC raised its holdings in Sirius XM by 472.6% in the 3rd quarter. FMR LLC now owns 497,514 shares of the company's stock valued at $11,766,000 after buying an additional 410,621 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Sirius XM during the third quarter worth $2,367,000. TD Private Client Wealth LLC bought a new stake in shares of Sirius XM in the third quarter worth $371,000. Rehmann Capital Advisory Group increased its holdings in Sirius XM by 25.5% in the third quarter. Rehmann Capital Advisory Group now owns 21,763 shares of the company's stock valued at $521,000 after purchasing an additional 4,428 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in Sirius XM during the 3rd quarter worth $5,489,000. Institutional investors and hedge funds own 10.69% of the company's stock.

Sirius XM Stock Down 1.4 %

Shares of NASDAQ:SIRI traded down $0.30 during midday trading on Tuesday, hitting $20.42. 1,710,822 shares of the company's stock were exchanged, compared to its average volume of 4,923,060. 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 12 month low of $18.69 and a 12 month high of $41.60. The company has a market cap of $6.92 billion, a PE ratio of -3.19, a price-to-earnings-growth ratio of 0.79 and a beta of 0.98. The stock has a 50 day moving average price of $23.40 and a 200-day moving average price of $24.19.

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Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping analysts' consensus estimates 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, sell-side analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date was Friday, February 7th. Sirius XM's dividend payout ratio is -16.85%.

Analyst Ratings Changes

Several brokerages have recently weighed in on SIRI. Wells Fargo & Company decreased their price target on Sirius XM from $22.00 to $16.00 and set an "underweight" rating for the company in a research note on Thursday, December 19th. Seaport Res Ptn raised shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Barrington Research set a $28.00 price target on shares of Sirius XM in a research report on Friday, January 31st. Guggenheim lowered their price objective on Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Finally, Morgan Stanley decreased 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. Six equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $26.81.

About Sirius XM

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.