KLP Kapitalforvaltning AS purchased a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 45,458 shares of the company's stock, valued at approximately $1,036,000.
A number of other institutional investors also recently modified their holdings of SIRI. Cerity Partners LLC lifted its holdings in Sirius XM by 11.1% in the third quarter. Cerity Partners LLC now owns 23,458 shares of the company's stock valued at $555,000 after buying an additional 2,340 shares during the period. FMR LLC lifted its stake in shares of Sirius XM by 472.6% in the 3rd quarter. FMR LLC now owns 497,514 shares of the company's stock valued at $11,766,000 after purchasing an additional 410,621 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Sirius XM during the 3rd quarter valued at about $921,000. Captrust Financial Advisors grew its stake in Sirius XM by 19.0% during the third quarter. Captrust Financial Advisors now owns 87,834 shares of the company's stock worth $2,077,000 after purchasing an additional 14,036 shares during the period. Finally, Maverick Capital Ltd. bought a new stake in Sirius XM in the third quarter worth approximately $1,133,000. 10.69% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on SIRI shares. Morgan Stanley cut their price target on 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 report on Friday, January 31st. Finally, Seaport Res Ptn downgraded Sirius XM from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $26.81.
Get Our Latest Analysis on SIRI
Sirius XM Stock Down 5.4 %
Shares of SIRI traded down $1.20 during trading hours on Thursday, reaching $21.13. 7,203,484 shares of the stock traded hands, compared to its average volume of 4,783,095. Sirius XM Holdings Inc. has a 52 week low of $20.47 and a 52 week high of $41.60. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The stock has a fifty day simple moving average of $23.96 and a 200 day simple moving average of $24.44. The company has a market cap of $7.16 billion, a price-to-earnings ratio of -3.30, a PEG ratio of 0.79 and a beta of 0.98.
Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates 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%. On average, equities analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.
Sirius XM Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date was Friday, February 7th. Sirius XM's payout ratio is -16.85%.
About Sirius XM
(
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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