Hudson Portfolio Management LLC bought a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,002 shares of the company's stock, valued at approximately $296,000.
Other large investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its position in shares of Sirius XM by 21.2% during the 4th quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company's stock valued at $5,340,000 after acquiring an additional 41,000 shares during the last quarter. Check Capital Management Inc. CA lifted its holdings in shares of Sirius XM by 597.7% during the fourth quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company's stock valued at $26,123,000 after purchasing an additional 981,517 shares during the last quarter. Legato Capital Management LLC increased its stake in Sirius XM by 21.9% in the 4th quarter. Legato Capital Management LLC now owns 85,500 shares of the company's stock worth $1,949,000 after purchasing an additional 15,342 shares in the last quarter. Franklin Resources Inc. raised its holdings in Sirius XM by 209.1% during the 3rd quarter. Franklin Resources Inc. now owns 87,201 shares of the company's stock worth $2,062,000 after buying an additional 58,993 shares during the period. Finally, MBA Advisors LLC purchased a new stake in Sirius XM during the fourth quarter valued at about $228,000. 10.69% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
SIRI has been the topic of a number of recent analyst reports. Seaport Res Ptn upgraded shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Wells Fargo & Company reduced their target price on Sirius XM from $22.00 to $16.00 and set an "underweight" rating for the company in a report on Thursday, December 19th. Morgan Stanley reduced 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. Barrington Research set a $28.00 target price on Sirius XM in a research note on Friday, January 31st. Finally, Rosenblatt Securities lowered their price objective on shares of Sirius XM from $29.00 to $24.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Six analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $26.81.
Get Our Latest Stock Analysis on SIRI
Sirius XM Stock Down 1.4 %
Shares of NASDAQ SIRI traded down $0.30 during mid-day trading on Tuesday, reaching $20.42. 2,843,789 shares of the company traded hands, compared to its average volume of 4,938,881. The company's fifty day moving average is $23.29 and its two-hundred day moving average is $24.16. Sirius XM Holdings Inc. has a fifty-two week low of $18.69 and a fifty-two week high of $41.60. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The stock 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.
Sirius XM (NASDAQ:SIRI - Get Free Report) last posted 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 negative net margin of 24.03% and a positive return on equity of 13.44%. On average, analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.
Sirius XM Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 5.29%. Sirius XM's dividend 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.
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