Hardy Reed LLC acquired a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 15,590 shares of the company's stock, valued at approximately $355,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Coston McIsaac & Partners increased its holdings in Sirius XM by 113.5% in the 3rd quarter. Coston McIsaac & Partners now owns 1,174 shares of the company's stock valued at $27,000 after purchasing an additional 624 shares in the last quarter. Mill Creek Capital Advisors LLC boosted its position in shares of Sirius XM by 5.8% in the fourth quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company's stock worth $348,000 after buying an additional 837 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Sirius XM by 574.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock valued at $31,000 after buying an additional 1,144 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Sirius XM during the 4th quarter valued at about $26,000. Finally, Chicago Partners Investment Group LLC lifted its position in Sirius XM by 7.9% during the 4th quarter. Chicago Partners Investment Group LLC now owns 16,502 shares of the company's stock worth $356,000 after acquiring an additional 1,202 shares in the last quarter. 10.69% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
SIRI has been the subject of several recent research reports. Bank of America reaffirmed an "underperform" rating and issued a $23.00 price objective on shares of Sirius XM in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their price target on shares of Sirius XM from $20.00 to $21.00 and gave the company an "underweight" rating in a report on Thursday, November 7th. Barrington Research reiterated an "outperform" rating and issued a $30.00 price objective on shares of Sirius XM in a report on Thursday, January 30th. Guggenheim decreased their price objective on shares of 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, Pivotal Research dropped their target price on Sirius XM from $40.00 to $37.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Sirius XM currently has a consensus rating of "Hold" and an average price target of $26.96.
Get Our Latest Analysis on Sirius XM
Sirius XM Stock Performance
NASDAQ:SIRI traded down $0.44 during trading hours on Friday, reaching $24.75. 4,935,623 shares of the stock were exchanged, compared to its average volume of 5,766,145. The stock has a market capitalization of $8.38 billion, a P/E ratio of -3.86, a P/E/G ratio of 0.79 and a beta of 1.06. The firm has a 50 day simple moving average of $23.33 and a 200-day simple moving average of $25.86. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. Sirius XM Holdings Inc. has a 52 week low of $20.47 and a 52 week high of $48.00.
Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings data 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 positive return on equity of 13.44% and a negative net margin of 24.03%. As a group, sell-side analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.
Sirius XM Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend is Friday, February 7th. Sirius XM's dividend payout ratio (DPR) is presently -16.85%.
Sirius XM Company Profile
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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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