Krilogy Financial LLC Acquires New Shares in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Krilogy Financial LLC purchased a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 24,418 shares of the company's stock, valued at approximately $557,000.

Several other hedge funds and other institutional investors have also modified their holdings of SIRI. Point72 Asset Management L.P. acquired a new stake in Sirius XM in the second quarter worth $12,858,000. Sessa Capital IM L.P. bought a new stake in Sirius XM in the 3rd quarter valued at about $77,983,000. Thompson Siegel & Walmsley LLC acquired a new position in Sirius XM during the 3rd quarter valued at about $67,598,000. Seizert Capital Partners LLC acquired a new position in Sirius XM during the 3rd quarter valued at about $46,173,000. Finally, Cubist Systematic Strategies LLC bought a new position in Sirius XM in the 2nd quarter worth approximately $5,192,000. 10.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SIRI. Benchmark reiterated a "buy" rating and set a $43.00 price target on shares of Sirius XM in a research report on Tuesday, October 15th. Rosenblatt Securities upped their target price on Sirius XM from $28.00 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 11th. Wells Fargo & Company lowered their price target on Sirius XM from $22.00 to $16.00 and set an "underweight" rating on the stock in a research report on Thursday, December 19th. Citigroup upped their price objective on Sirius XM from $2.80 to $21.00 and gave the company a "sell" rating in a report on Thursday, September 26th. Finally, Guggenheim reaffirmed a "buy" rating and set a $30.00 target price on shares of Sirius XM in a report on Wednesday, December 11th. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $27.58.

Sirius XM Trading Up 1.6 %

Sirius XM stock traded up $0.34 during midday trading on Monday, reaching $22.27. The stock had a trading volume of 4,147,929 shares, compared to its average volume of 5,704,650. Sirius XM Holdings Inc. has a twelve month low of $20.47 and a twelve month high of $55.40. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of -3.51, a PEG ratio of 1.05 and a beta of 1.05. The firm's fifty day simple moving average is $24.38 and its two-hundred day simple moving average is $27.66.

Sirius XM Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Tuesday, November 5th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.85%. This is a positive change from Sirius XM's previous quarterly dividend of $0.27. The ex-dividend date was Tuesday, November 5th. Sirius XM's payout ratio is presently -17.03%.

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.