LSV Asset Management acquired a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,260,300 shares of the company's stock, valued at approximately $51,535,000. LSV Asset Management owned approximately 0.67% of Sirius XM at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the stock. State of Alaska Department of Revenue boosted its position in Sirius XM by 21.2% during the fourth quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company's stock worth $5,340,000 after purchasing an additional 41,000 shares during the period. Check Capital Management Inc. CA lifted its position in Sirius XM by 597.7% in the 4th quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company's stock valued at $26,123,000 after acquiring an additional 981,517 shares in the last quarter. Legato Capital Management LLC raised its position in Sirius XM by 21.9% during the fourth quarter. Legato Capital Management LLC now owns 85,500 shares of the company's stock worth $1,949,000 after acquiring an additional 15,342 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Sirius XM by 209.1% during the 3rd quarter. Franklin Resources Inc. now owns 87,201 shares of the company's stock worth $2,062,000 after buying an additional 58,993 shares during the last quarter. Finally, MBA Advisors LLC bought a new stake in shares of Sirius XM during the 4th quarter worth about $228,000. Institutional investors and hedge funds own 10.69% of the company's stock.
Sirius XM Trading Down 1.4 %
Shares of Sirius XM stock traded down $0.30 during midday trading on Tuesday, reaching $20.42. 2,771,081 shares of the company's stock traded hands, compared to its average volume of 4,926,979. The company has a market cap of $6.92 billion, a PE ratio of -3.19, a price-to-earnings-growth ratio of 0.79 and a beta of 0.98. The stock has a 50 day moving average of $23.40 and a 200-day moving average of $24.19. Sirius XM Holdings Inc. has a 12 month low of $18.69 and a 12 month high of $41.60. 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, topping the consensus estimate 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%. As a group, equities analysts expect that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.
Sirius XM Announces Dividend
The business also recently announced 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 annualized dividend and a yield of 5.29%. The ex-dividend date was Friday, February 7th. Sirius XM's dividend payout ratio (DPR) is -16.85%.
Analyst Upgrades and Downgrades
SIRI has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on Sirius XM from $22.00 to $16.00 and set an "underweight" rating on the stock in a research note on Thursday, December 19th. Guggenheim cut their price objective on shares of Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Seaport Res Ptn raised shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Rosenblatt Securities lowered their price objective on 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, Barrington Research set a $28.00 price objective on shares of Sirius XM in a research report on Friday, January 31st. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $26.81.
Check Out Our Latest Research 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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