Miracle Mile Advisors LLC Purchases New Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Miracle Mile Advisors LLC acquired a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 11,736 shares of the company's stock, valued at approximately $268,000.

A number of other large investors have also recently bought and sold shares of the company. Coston McIsaac & Partners increased its holdings in shares of Sirius XM by 113.5% during the third quarter. Coston McIsaac & Partners now owns 1,174 shares of the company's stock worth $27,000 after purchasing an additional 624 shares during the period. TCTC Holdings LLC bought a new position in shares of Sirius XM in the 3rd quarter valued at $29,000. Princeton Global Asset Management LLC boosted its stake in shares of Sirius XM by 2,683.7% during the third quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company's stock valued at $32,000 after purchasing an additional 1,315 shares in the last quarter. Riverview Capital Advisers LLC bought a new stake in Sirius XM during the 2nd quarter worth approximately $35,000. Finally, Frank Rimerman Advisors LLC acquired a new stake in Sirius XM in the second quarter valued at $47,000. Institutional investors and hedge funds own 10.69% of the company's stock.

Sirius XM Trading Up 1.6 %

SIRI traded up $0.34 during trading on Friday, hitting $22.27. 4,146,612 shares of the stock traded hands, compared to its average volume of 5,059,703. The firm has a 50-day moving average of $24.45 and a 200 day moving average of $27.78. Sirius XM Holdings Inc. has a 12-month low of $20.47 and a 12-month high of $55.40. The firm has a market capitalization of $7.55 billion, a P/E ratio of -3.51, a price-to-earnings-growth ratio of 1.05 and a beta of 1.05. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37.

Sirius XM Increases Dividend

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

Analysts Set New Price Targets

SIRI has been the topic of several recent analyst reports. Pivotal Research dropped their target price on shares of Sirius XM from $40.00 to $37.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Bank of America reissued an "underperform" rating and set a $23.00 target price on shares of Sirius XM in a research report on Thursday, October 24th. Guggenheim reiterated a "buy" rating and issued a $30.00 target price on shares of Sirius XM in a research note on Wednesday, December 11th. Wells Fargo & Company dropped their price target on Sirius XM from $22.00 to $16.00 and set an "underweight" rating on the stock in a report on Thursday, December 19th. Finally, Benchmark reissued a "buy" rating and set a $43.00 target price on shares of Sirius XM in a research report on Tuesday, October 15th. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $27.58.

Sirius XM 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.