Proficio Capital Partners LLC increased its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 259.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,375 shares of the company's stock after purchasing an additional 34,908 shares during the period. Proficio Capital Partners LLC's holdings in Sirius XM were worth $1,103,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of SIRI. State of Alaska Department of Revenue boosted its position in shares of Sirius XM by 21.2% during the 4th 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 raised its holdings in shares of 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 buying an additional 981,517 shares during the period. Legato Capital Management LLC lifted its stake in Sirius XM by 21.9% during the 4th 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. boosted its holdings in Sirius XM by 209.1% during the 3rd quarter. Franklin Resources Inc. now owns 87,201 shares of the company's stock valued at $2,062,000 after acquiring an additional 58,993 shares during the period. Finally, MBA Advisors LLC purchased a new stake in Sirius XM during the fourth quarter worth about $228,000. 10.69% of the stock is owned by hedge funds and other institutional investors.
Sirius XM Stock Performance
SIRI traded down $1.69 during trading on Tuesday, reaching $22.70. The company's stock had a trading volume of 11,070,557 shares, compared to its average volume of 5,584,942. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of -3.54, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The company's fifty day moving average price is $23.67 and its 200-day moving average price is $25.23. Sirius XM Holdings Inc. has a 52-week low of $20.47 and a 52-week high of $41.90. 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 released its earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, beating analysts' consensus estimates 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%. On average, equities analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.
Sirius XM Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.76%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM's payout ratio is currently -16.85%.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the stock. Seaport Res Ptn downgraded shares of Sirius XM from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Morgan Stanley reduced their price target on Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a research report on Thursday, January 23rd. StockNews.com began coverage on Sirius XM in a research report on Wednesday, November 13th. They set a "sell" rating for the company. Guggenheim reduced their target price on shares of Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. 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, five have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $26.81.
View Our Latest Stock Report on Sirius XM
Sirius XM Profile
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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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