Legato Capital Management LLC increased its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 21.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,500 shares of the company's stock after acquiring an additional 15,342 shares during the period. Legato Capital Management LLC's holdings in Sirius XM were worth $1,949,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sessa Capital IM L.P. purchased a new position in Sirius XM during the third quarter worth approximately $77,983,000. Thompson Siegel & Walmsley LLC purchased a new position in Sirius XM during the third quarter worth approximately $67,598,000. Seizert Capital Partners LLC purchased a new position in Sirius XM during the third quarter worth approximately $46,173,000. Whitebox Advisors LLC boosted its position in Sirius XM by 310.5% during the third quarter. Whitebox Advisors LLC now owns 1,176,722 shares of the company's stock worth $27,829,000 after purchasing an additional 890,048 shares in the last quarter. Finally, Wittenberg Investment Management Inc. boosted its position in Sirius XM by 161.1% during the third quarter. Wittenberg Investment Management Inc. now owns 1,268,483 shares of the company's stock worth $30,000,000 after purchasing an additional 782,678 shares in the last quarter. 10.69% of the stock is owned by institutional investors and hedge funds.
Sirius XM Stock Up 2.5 %
Shares of NASDAQ:SIRI traded up $0.67 on Friday, hitting $27.11. 5,025,744 shares of the company's stock were exchanged, compared to its average volume of 5,783,422. The firm's 50-day moving average is $23.33 and its 200 day moving average is $26.06. The company has a market capitalization of $9.18 billion, a PE ratio of -4.23, a P/E/G ratio of 0.82 and a beta of 1.06. Sirius XM Holdings Inc. has a 1-year low of $20.47 and a 1-year high of $49.40. 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 (NASDAQ:SIRI - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts predict that Sirius XM Holdings Inc. will post 3.17 EPS for the current year.
Sirius XM Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.98%. The ex-dividend date is Friday, February 7th. Sirius XM's dividend payout ratio is presently -16.85%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Sirius XM from $20.00 to $21.00 and gave the company an "underweight" rating in a research report on Thursday, November 7th. Pivotal Research lowered their price target on Sirius XM from $40.00 to $37.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. Bank of America reissued an "underperform" rating and set a $23.00 price objective on shares of Sirius XM in a research note on Thursday, October 24th. StockNews.com started coverage on Sirius XM in a research note on Wednesday, November 13th. They set a "sell" rating on the stock. Finally, Morgan Stanley reduced their target price on Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a research report on Thursday, January 23rd. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Sirius XM presently has an average rating of "Hold" and an average price target of $26.96.
Get Our Latest Report on SIRI
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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