Nilsine Partners LLC purchased a new stake 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 Securities and Exchange Commission. The firm purchased 26,496 shares of the company's stock, valued at approximately $604,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA acquired a new position in shares of Sirius XM during the fourth quarter valued at $26,000. PFG Investments LLC acquired a new position in Sirius XM during the 4th quarter valued at about $303,000. Geneos Wealth Management Inc. boosted its stake in shares of Sirius XM by 574.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock valued at $31,000 after purchasing an additional 1,144 shares during the last quarter. Brighton Jones LLC acquired a new stake in shares of Sirius XM during the 4th quarter worth approximately $622,000. Finally, Avior Wealth Management LLC raised its stake in shares of Sirius XM by 670.4% during the fourth quarter. Avior Wealth Management LLC now owns 2,080 shares of the company's stock worth $47,000 after buying an additional 1,810 shares during the last quarter. 10.69% of the stock is owned by institutional investors.
Sirius XM Stock Performance
Shares of NASDAQ:SIRI traded down $0.29 during midday trading on Wednesday, reaching $21.78. 6,144,532 shares of the company traded hands, compared to its average volume of 4,803,199. Sirius XM Holdings Inc. has a 12 month low of $20.47 and a 12 month high of $53.50. The firm's fifty day moving average price is $23.78 and its two-hundred day moving average price is $27.01. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of -3.43, a price-to-earnings-growth ratio of 1.11 and a beta of 1.05.
Sirius XM Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.96%. The ex-dividend date of this dividend is Friday, February 7th. Sirius XM's payout ratio is -17.03%.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on SIRI shares. The Goldman Sachs Group cut their price target on Sirius XM from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Monday, November 4th. StockNews.com began coverage on Sirius XM in a research report on Wednesday, November 13th. They set a "sell" rating for the company. JPMorgan Chase & Co. boosted their target price on Sirius XM from $20.00 to $21.00 and gave the company an "underweight" rating in a research note on Thursday, November 7th. Pivotal Research reduced their target price on shares of Sirius XM from $40.00 to $37.00 and set a "buy" rating for the company in a report on Friday, November 1st. Finally, Rosenblatt Securities increased their price objective on shares of Sirius XM from $28.00 to $29.00 and gave the stock a "neutral" rating in a research note 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, Sirius XM presently has a consensus rating of "Hold" and a consensus price target of $27.35.
Read 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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