Knuff & Co LLC purchased a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 48,332 shares of the company's stock, valued at approximately $1,102,000.
Several other large investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in Sirius XM by 4.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 14,856 shares of the company's stock worth $339,000 after purchasing an additional 630 shares during the period. Wealthspire Advisors LLC boosted its stake in shares of Sirius XM by 4.3% during the 4th quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company's stock valued at $358,000 after buying an additional 643 shares during the period. Proficio Capital Partners LLC boosted its stake in shares of Sirius XM by 5.9% during the 4th quarter. Proficio Capital Partners LLC now owns 14,258 shares of the company's stock valued at $325,000 after buying an additional 791 shares during the period. Mill Creek Capital Advisors LLC boosted its stake in shares of Sirius XM by 5.8% during the 4th quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company's stock valued at $348,000 after buying an additional 837 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in shares of 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 buying an additional 1,144 shares during the period. Institutional investors and hedge funds own 10.69% of the company's stock.
Wall Street Analyst Weigh In
SIRI has been the subject of several analyst reports. Guggenheim reduced their price objective on shares of Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Barrington Research set a $28.00 target price on shares of Sirius XM in a report on Friday, January 31st. Morgan Stanley dropped 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. Rosenblatt Securities lowered their target price on shares of Sirius XM from $29.00 to $24.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Finally, StockNews.com started coverage on shares of Sirius XM in a research note on Wednesday, November 13th. They issued a "sell" rating on the stock. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $26.81.
Get Our Latest Report on Sirius XM
Sirius XM Stock Down 6.9 %
SIRI opened at $22.70 on Wednesday. The company has a 50 day moving average of $23.67 and a 200 day moving average of $25.17. The company has a market cap of $7.69 billion, a PE ratio of -3.54, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. Sirius XM Holdings Inc. has a 12 month low of $20.47 and a 12 month high of $41.90. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93.
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 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 expect that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.
Sirius XM Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date was Friday, February 7th. Sirius XM's dividend payout ratio (DPR) is presently -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.
Further Reading
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