Norges Bank purchased a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,239,874 shares of the company's stock, valued at approximately $28,269,000. Norges Bank owned 0.37% of Sirius XM at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Xponance Inc. raised its holdings in shares of Sirius XM by 4.5% in the 4th quarter. Xponance Inc. now owns 12,341 shares of the company's stock worth $281,000 after purchasing an additional 527 shares during the period. PNC Financial Services Group Inc. increased its position in Sirius XM by 4.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,856 shares of the company's stock worth $339,000 after buying an additional 630 shares during the last quarter. Wealthspire Advisors LLC raised its stake in shares of Sirius XM by 4.3% in the fourth quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company's stock valued at $358,000 after buying an additional 643 shares during the period. Proficio Capital Partners LLC lifted its position in shares of Sirius XM by 5.9% during the 4th quarter. Proficio Capital Partners LLC now owns 14,258 shares of the company's stock valued at $325,000 after buying an additional 791 shares during the last quarter. Finally, Mill Creek Capital Advisors LLC grew its stake in shares of Sirius XM by 5.8% during the 4th quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company's stock worth $348,000 after acquiring an additional 837 shares during the period. Hedge funds and other institutional investors own 10.69% of the company's stock.
Sirius XM Price Performance
Shares of NASDAQ:SIRI traded down $0.06 on Friday, hitting $20.02. The company's stock had a trading volume of 4,863,792 shares, compared to its average volume of 4,931,077. The company has a market capitalization of $6.78 billion, a PE ratio of -3.12, a PEG ratio of 0.79 and a beta of 0.98. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. The company has a 50-day simple moving average of $23.50 and a 200 day simple moving average of $24.22. Sirius XM Holdings Inc. has a 1 year low of $18.69 and a 1 year high of $41.60.
Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.20. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. Sell-side analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.
Sirius XM Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a $0.27 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.08 annualized dividend and a yield of 5.39%. Sirius XM's dividend payout ratio (DPR) is presently -16.85%.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on SIRI. Morgan Stanley dropped their price objective on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company dropped their price target on shares of Sirius XM from $22.00 to $16.00 and set an "underweight" rating on the stock in a research note on Thursday, December 19th. Seaport Res Ptn raised shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Barrington Research set a $28.00 target price on shares of Sirius XM in a report on Friday, January 31st. Finally, Rosenblatt Securities cut their price target on Sirius XM from $29.00 to $24.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Six equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $26.81.
Read 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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