MBA Advisors LLC Purchases Shares of 10,000 Sirius XM Holdings Inc. (NASDAQ:SIRI)

MBA Advisors LLC bought a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,000 shares of the company's stock, valued at approximately $228,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in Sirius XM by 21.2% in the fourth quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company's stock valued at $5,340,000 after buying an additional 41,000 shares during the period. Franklin Resources Inc. raised its stake in Sirius XM by 209.1% in the third quarter. Franklin Resources Inc. now owns 87,201 shares of the company's stock valued at $2,062,000 after buying an additional 58,993 shares during the period. Ninety One UK Ltd bought a new stake in Sirius XM in the fourth quarter valued at approximately $4,038,000. Miracle Mile Advisors LLC bought a new stake in Sirius XM in the fourth quarter valued at approximately $268,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Sirius XM by 383,152.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 137,971 shares of the company's stock valued at $3,146,000 after buying an additional 137,935 shares during the period. Institutional investors own 10.69% of the company's stock.

Sirius XM Trading Up 2.4 %

NASDAQ:SIRI traded up $0.63 during trading hours on Thursday, hitting $26.44. 4,953,027 shares of the company were exchanged, compared to its average volume of 5,897,320. The stock has a market capitalization of $8.96 billion, a price-to-earnings ratio of -4.12, a price-to-earnings-growth ratio of 0.82 and a beta of 1.06. 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 Holdings Inc. has a one year low of $20.47 and a one year high of $49.40. The company has a fifty day simple moving average of $23.37 and a 200 day simple moving average of $26.11.

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%. Sell-side analysts expect that Sirius XM Holdings Inc. will post 3.17 EPS for the current fiscal year.

Sirius XM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.08%. Sirius XM's dividend payout ratio is presently -16.85%.

Analyst Ratings Changes

SIRI has been the topic of several research reports. Bank of America reaffirmed an "underperform" rating and issued a $23.00 target price on shares of Sirius XM in a research report on Thursday, October 24th. Guggenheim decreased their target price on Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. The Goldman Sachs Group decreased their target price on Sirius XM from $26.00 to $23.00 and set a "neutral" rating on the stock in a research report on Monday, November 4th. Seaport Res Ptn downgraded Sirius XM from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Finally, StockNews.com started coverage on Sirius XM in a research report on Wednesday, November 13th. They issued a "sell" rating on the stock. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $26.96.

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.