Helix Partners Management LP acquired a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 276,375 shares of the company's stock, valued at approximately $6,301,000. Sirius XM comprises 1.1% of Helix Partners Management LP's portfolio, making the stock its 8th biggest holding. Helix Partners Management LP owned 0.08% of Sirius XM at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. Union Bancaire Privee UBP SA purchased a new position in shares of Sirius XM during the fourth quarter worth $26,000. First Command Advisory Services Inc. acquired a new position in Sirius XM during the 4th quarter worth about $30,000. Geneos Wealth Management Inc. boosted its holdings in Sirius XM by 574.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock valued at $31,000 after acquiring an additional 1,144 shares during the period. Gables Capital Management Inc. acquired a new position in Sirius XM in the 4th quarter valued at about $43,000. Finally, Avior Wealth Management LLC increased its stake in Sirius XM by 670.4% during the fourth quarter. Avior Wealth Management LLC now owns 2,080 shares of the company's stock worth $47,000 after purchasing an additional 1,810 shares during the period. Hedge funds and other institutional investors own 10.69% of the company's stock.
Sirius XM Stock Performance
Shares of NASDAQ:SIRI traded down $1.62 on Friday, reaching $19.51. 9,239,387 shares of the company's stock were exchanged, compared to its average volume of 4,825,474. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. The business's 50-day moving average is $23.91 and its two-hundred day moving average is $24.42. Sirius XM Holdings Inc. has a fifty-two week low of $19.01 and a fifty-two week high of $41.60. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of -3.04, a PEG ratio of 0.79 and a beta of 0.98.
Sirius XM (NASDAQ:SIRI - Get Free Report) last issued 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, equities research analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.
Sirius XM Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 5.54%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM's dividend payout ratio is currently -16.85%.
Analyst Ratings Changes
SIRI has been the subject of a number of research reports. Wells Fargo & Company dropped their price objective on shares of Sirius XM from $22.00 to $16.00 and set an "underweight" rating for the company in a report on Thursday, December 19th. Rosenblatt Securities lowered their target price on Sirius XM from $29.00 to $24.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Morgan Stanley decreased their price objective 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 reduced their target price on shares of Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Finally, Barrington Research set a $28.00 price target on shares of Sirius XM in a report on Friday, January 31st. Six 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. According to data from MarketBeat, Sirius XM presently has an average rating of "Hold" and an average price target of $26.81.
Read Our Latest Report on SIRI
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.
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