Inlight Wealth Management LLC bought a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 112,268 shares of the company's stock, valued at approximately $2,560,000. Sirius XM accounts for about 0.8% of Inlight Wealth Management LLC's investment portfolio, making the stock its 25th largest position.
Other large investors have also modified their holdings of the company. LSV Asset Management purchased a new stake in Sirius XM during the fourth quarter valued at approximately $51,535,000. Norges Bank acquired a new stake in shares of Sirius XM in the 4th quarter worth $28,269,000. Check Capital Management Inc. CA grew its stake in Sirius XM by 597.7% during the 4th quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company's stock worth $26,123,000 after buying an additional 981,517 shares during the last quarter. Capital Management Corp VA acquired a new position in Sirius XM during the 4th quarter valued at about $11,339,000. Finally, FMR LLC raised its stake in Sirius XM by 472.6% in the third 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. Institutional investors own 10.69% of the company's stock.
Sirius XM Price Performance
Shares of Sirius XM stock traded down $0.30 on Tuesday, hitting $20.42. The company's stock had a trading volume of 2,842,628 shares, compared to its average volume of 4,927,260. The company has a market capitalization of $6.92 billion, a price-to-earnings ratio of -3.19, a price-to-earnings-growth ratio of 0.79 and a beta of 0.98. The firm has a fifty day moving average price of $23.40 and a 200-day moving average price of $24.19. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. Sirius XM Holdings Inc. has a 1 year low of $18.69 and a 1 year high of $41.60.
Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.83 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%. As a group, sell-side analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share 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 paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 annualized dividend and a yield of 5.29%. Sirius XM's dividend payout ratio (DPR) is currently -16.85%.
Analyst Ratings Changes
SIRI has been the topic of several recent analyst reports. Morgan Stanley cut their price objective on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company dropped their price objective on shares of Sirius XM from $22.00 to $16.00 and set an "underweight" rating on the stock in a report on Thursday, December 19th. Rosenblatt Securities reduced 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. Barrington Research set a $28.00 price target on Sirius XM in a research note on Friday, January 31st. Finally, Guggenheim reduced 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 research analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Sirius XM currently has an average rating of "Hold" and an average price target of $26.81.
Check Out 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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