HighTower Advisors LLC Grows Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

HighTower Advisors LLC lifted its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 37.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,102 shares of the company's stock after purchasing an additional 15,286 shares during the period. HighTower Advisors LLC's holdings in Sirius XM were worth $1,279,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Union Bancaire Privee UBP SA purchased a new stake in Sirius XM during the fourth quarter valued at about $26,000. First Command Advisory Services Inc. purchased a new position in Sirius XM in the 4th quarter valued at approximately $30,000. Geneos Wealth Management Inc. grew its stake in Sirius XM by 574.9% in the 4th 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. Gables Capital Management Inc. bought a new stake in Sirius XM during the 4th quarter valued at $43,000. Finally, Avior Wealth Management LLC lifted its position in shares of 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 acquiring an additional 1,810 shares in the last quarter. Institutional investors own 10.69% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on SIRI. Morgan Stanley decreased their price target on Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a research report on Thursday, January 23rd. Wells Fargo & Company lowered their target price 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 target on shares of Sirius XM in a report on Friday, January 31st. Rosenblatt Securities decreased their price target on shares of Sirius XM from $29.00 to $24.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Finally, Guggenheim dropped their price objective on Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $26.81.

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Sirius XM Trading Down 4.8 %

NASDAQ:SIRI traded down $1.15 during mid-day trading on Friday, reaching $22.67. 2,465,331 shares of the company's stock traded hands, compared to its average volume of 4,715,981. The company has a 50 day moving average price of $23.97 and a 200-day moving average price of $24.59. The firm has a market capitalization of $7.68 billion, a price-to-earnings ratio of -3.54, a PEG ratio of 0.79 and a beta of 1.06. 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 $20.47 and a 12-month high of $41.60.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, beating 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, sell-side analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.76%. Sirius XM's dividend payout ratio (DPR) is -16.85%.

Sirius XM Company Profile

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.